Good morning. Australian authorities show no signs of slowing down their acts to penalize operators who are not strictly abiding by the law, with the financial watchdog going after Entain for alleged AML/CTF breaches – the first time the authority has targeted the online betting sector. Looking to the Philippines, online gaming GGR could hit 70 percent of its land-based counterpart this year, despite sluggish taxation collection. Meanwhile, in Macau, the upcoming visit of China’s President does not appear to have slowed the roll of punters, even though the high-profile event places many eyes and restrictions on the city.
What you need to know
- Australia’s financial watchdog launches first civil penalty proceedings against online betting sector, targeting Entain for alleged AML/CTF failings.
- Annualized GGR for online gaming in the Philippines hits 70 percent of the country’s land-based gaming GGR but tax collections remain low.
- Citigroup’s survey shows Macau’s gaming appetite unaffected ahead of President’s visit, with premium mass market trends holding steady.
On the radar
- PAGCOR leases land to San Miguel Corp, gets new headquarters free of charge.
- HSBC: Macau’s gaming operators cautious in bond issuances in 2025.
- The Star appoints Frank Krile as new Group Chief Financial Officer.
- Indonesia: rise in outbound nationals to Cambodia for online gambling jobs.
- ASIC sues HSBC Australia for allegedly failing to protect consumers.
- Singaporean national arrested in Thailand over alleged links to crypto scam.
- Macau’s Lisboeta extends business hours for upcoming outdoor concert.
AGB Intelligence
AUSTRALIA
Financial watchdog goes after online betting sector
Australia’s financial watchdog AUSTRAC has moved its sights beyond land-based gaming and is now focusing on the online betting industry. The regulator has launched civil penalty proceedings against Entain for alleged contraventions of AML/CTF regulations. The move is the first time AUSTRAC has focused on the online sector but it vows to continue its crackdown on any operators not painting within the lines.
Corporate Spotlight
From Underdogs to Elites: The MongolZ’s Ascent to World’s Top 3
Established over a decade ago, The MongolZ has experienced numerous roster changes. However, in 2023, The MongolZ made a triumphant return, fueled by a robust partnership with 1xBet and the emergence of a new generation of talented Mongolian players.
Altenar brings premium sportsbook solution to Asia
Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.
Industry Updates
- Galaxsys & Luís Figo partner to launch innovative game FIGOAL.
- Momentoom partners with Alea to enhance Casino Game content.
- SOFTSWISS launches Prime Network Jackpot with €1 million prize
MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS
