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HomeNewsDaily Asia Gaming eBrief: 'Skin gambling' avoids detection by Chinese authorities

Daily Asia Gaming eBrief: ‘Skin gambling’ avoids detection by Chinese authorities

Good Morning. Video gamers in China have gotten under the authorities’ skin, avoiding strict anti-gambling laws by trading physical modifications of characters, known as ‘skins’. A recent study shows just how the large the market has grown, despite government crackdowns. In Singapore, Las Vegas Sands has reduced the size of its fourth hotel tower, to 587 rooms, but has received approval for construction. And in the Philippines, authorities are aiming to reduce the tax rate on winnings – on both casino and lotto winnings.

What you need to know


On the radar


AGB Intelligence

CHINA

eSports, China

Chinese video game websites were able to find a way around the country’s strict gambling prevention laws through ‘skin gambling’ – with players buying and trading characters’ appearances for large sums of money. According to a recent report, given that transactions were largely cashless, they were difficult to detect and prevent by Chinese authorities, leaving a question mark on the actual total value of the underground industry.


Joe Pisano

The Philippines’ ongoing move to drop taxation rates, in particular for online, are a good thing, says Jade Entertainment CEO Joe Pisano, as authorities crack down on facilitators of bad actors.


Corporate Spotlight

1xBet, 2023, innovation, awards, partnerships

1xBet is writing a success story with you and is happy to share its achievements in 2023. During 2023, 1xBet extended sponsorship agreements with world-famous sports clubs, cooperated with new partners and ambassadors, collected awards, and paid millions of dollars in winnings!


Industry Updates


ASEAN Gaming Summit, 2024

Registrations for the 2024 ASEAN Gaming Summit, the calendar conference of excellence of the gaming industry in the region, are officially open. Scheduled from 19th to 21st March 2024, the Summit is the gateway to the Next-Gen of gaming in Asia.


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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