Good Morning. Although limited by its current legal framework, Taiwan’s sports betting market could see impressive growth in the coming years. According to law firm Lin & Partners, the segment could potentially double its revenue, despite being run under a monopoly. Meanwhile, a Chinese court has labeled the former head of Imperial Pacific International, Ji Xiabo, the leader of a criminal syndicate. And in the Philippines, courts have finally ended the saga between Kazuo Okada and Okada Manila.
What you need to know
- The Taiwan sports betting market has considerable growth potential, with its generated revenue “possibly doubling” in the next years, Taiwanese legal experts told Asia Gaming Brief
- The Chinese court identified Ji Xiaobo, boss of Saipan-based Imperial Pacific International (IPI), as a mafia kingpin.
- Philippine court deems Kazuo Okada not a majority shareholder, ending saga over ownership rights and its forced takeover last year
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AGB Intelligence
TAIWAN
Taiwan sports betting market has potential to double: Lin & Partners
Taiwan’s sports betting market has the capacity to potentially double its revenue in the coming years, according to a legal expert. According to Lin & Partners, there has been considerable growth in both the public lottery and sports betting in recent years, with hopes for new concessions to diversify the market offerings. A newly announced partnership with Sportradar is also allowing for increased offerings.
Corporate Spotlight
1xBet – The Leading Bookmaker With Worldwide Reputation
Since 2007, 1xBet has grown from a small startup to a giant in the sports betting industry. Today, the company successfully operates worldwide, and the bookmaker’s website and app are visited by millions of players monthly.
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