Good morning. Australia and New Zealand are intensifying their efforts to curb gambling-related harm, as a new report highlights the prevalence of gambling. But both countries are facing challenges in identifying which strategies can work in the long term, due to high rates of relapsing. Meanwhile Genting Malaysia is fighting back against the $600 million claim against it by its partner in the Bahamas, calling the claim ‘baseless. And in South Korea, Kangwon Land has announced a new corporate value-up plan as it heavily expands its property.
What you need to know
- Gambling disorder has emerged as a significant public health concern in Australia and New Zealand, a recent narrative review on the issue argues.
- Genting Malaysia calls $600 million lawsuit by partner in Bahamas resort ‘an attempt to extract an exorbitant payment’.
- South Korean Kangwon Land announces corporate value-up plan amidst further expansion of its casino and non-gaming areas.
On the radar
- Former Porac Mayor facing graft filings as POGO capture net widens.
- Aristocrat flags unfranked dividends due to business growth.
- Australian comms watchdog blocks two more offshore gambling websites.
- Less than half of foreign POGO workers downgraded their visas before the deadline.
- Macau Prosecutor General highlights rising gambling-related crime investigations.
AGB Intelligence
AUSTRALIA/NEW ZEALAND
A recent study has highlighted the challenges faced by Australia and New Zealand in curbing gambling disorder. The findings show the difficulty of effective treatment, in particular, due to relapsing gamblers, while the rise of online gambling has further exacerbated the issue. Governments in both countries are trying to implement new strategies to curb the behavior and encourage those suffering from the disorder to seek help.
Corporate Spotlight
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.
1xBet: The most popular gambling games and slots in Asia
For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.
Industry Updates
- BetConstruct secures new Romanian Remote Gambling license.
- QTech Games enhances its premier Live-Casino suite with Live88.
- Internet Vikings introduces PAYG, a flexible Pay-as-You-Go cloud service.
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