Good Morning. Not only illegal but a threat to national security. That’s what the authors of a recent whitepaper say about illegal gambling in India, concerned not only about the outflow of billions of dollars to offshore accounts, but the vulnerability of users of betting apps, who are signing up for more than they bargained for. Meanwhile, in junket news, the Dowinn Group has postponed reopening its operations in the Philippines, prompting further concern from the industry over its viability.
What you need to know
- Whitepaper addresses nexus between illegal gambling and national security threats in India, asks for regulated local e-gaming market.
- Philippines casino junket Dowinn Group postpones resumption of operations to July 19th, heightening industry unease.
On the radar
- Moody’s gives positive outlook on Asia gaming operators amongst recovery.
- PH Resorts denies collapse of Emerald Bay sale to Okada Manila operator.
- Regional police chief under investigation over illegal POGOs in his jurisdiction.
- SkyCity divesting stake in online gaming platform Gaming Innovation Group.
- David Foster resigns as Chairman of The Star.
AGB Intelligence
INDIA
Illegal gambling linked to national security threats
A new whitepaper has shone fresh light on the links between illegal gambling in India and national security risks. In particular, certain betting apps were found to be stealing and transmitting real-time data of users to outside India. In addition, the $100 billion illegal gaming market in the country is being facilitated through cryptocurrency and offshore entities, with groups siphoning off billions through complex financial networks.
Corporate Spotlight
Know Your Enemy: An Interactive Guide to Online Gaming Fraud
Online gaming fraud is on the rise in the iGaming industry. In Q1 2022, there was an 85% increase in fake account registrations compared to Q4 2021. While players are undoubtedly affected by gaming fraud, iGaming platforms also suffer due to damaged reputations, huge financial losses, and legal consequences.
How 1xBet dominates the Asian market: conditions and approach
1xBet operates in several dozen countries in Asia, and the number of partners in this region is growing steadily, which indicates the effectiveness of the 1xPartners affiliate program. The brand offers favorable conditions and a modern set of tools for making money on the Internet.
Industry Updates
- Aviatrix and Games Global partnership cleared for takeoff.
- Games Global and High Limit Studio launch Reign of Fire.
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