Good Morning. All’s well that ends well. Such is the case for Crown Resorts, with authorities ruling that the group is suitable to maintain its Crown Melbourne casino license, despite its former AML breaches. Authorities now have more teeth when going after potential malfeasance, pushing the operator to stay on the straight and narrow. Meanwhile, ID verification technology is essential for the online gaming industry, says a top executive. And in the Philippines, PAGCOR remits some $81 million in dividends to the nation’s coffers, based on strong results.
What you need to know
- Authorities in Victoria have ruled that Crown Resorts is suitable to continue to hold its casino license for Crown Melbourne.
- Seamless and effective ID verification technology is crucial for online gaming industry growth: Frederic Ho, VP of Asia Pacific at Jumio.
- PAGCOR remitted $81.5 million in cash dividends to the country’s Treasury, representing 75 percent of its net income in 2023.
On the radar
- DigiPlus reports a six-fold income growth in 2023, driven by Bingo games.
- Singapore takes lead over Thailand and Vietnam in wooing Chinese tourists.
- IPI reappoints Chen Feng as executive director.
- Wynn Macau grants shares to 151 employees and one executive director.
- India eyes independent eGaming regulator to better regulate gaming.
AGB Intelligence
AUSTRALIA
Crown Resorts given green light for Melbourne casino
Authorities in the Australian state of Victoria have ruled in favor of Crown Resorts, noting that the operator has overcome its difficulties which led to a royal commission inquiry into its suitability to operate a casino in Melbourne. Authorities note, however, that they will keep up strict oversight, with new special authorities granted as the state aims to keep the operator in check.
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1xBet, a leading global betting company, proudly announces its partnership with rising basketball star Kai Sotto. Hailing from the Philippines, Kai Sotto will serve as the brand ambassador, championing basketball in his homeland and across various Asian nations, extending the 1xBet brand presence across Asia.
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