Your Daily Asia Gaming eBrief: Covid resurgence in Northeast Asia

Covid resurgence in Northeast Asia

Good morning, 

The daily figures make it clear that both Japan and South Korea have now fallen into their worst periods of the Covid-19 crisis since the pandemic began, although so far their governments are taking opposite approaches toward managing the multiplication of new cases. However, the sun is still shining on one part of South Korea, which is the southern island of Jeju. At the end of this week, Lotte Tour Development is scheduled to launch the project upon which the ambitious firm is expected to rise or fall, which is the Jeju Dream Tower. Important regulatory issues round out our feature coverage today. In Australia, the top anti-money laundering watchdog has released an in-depth report into junket operators, concluding they are highly vulnerable to criminal activity and that casinos need to do more to mitigate the risks. And in India, we take a closer look at the state of Karnataka, which has ordered two racing clubs to suspend their operations of newly-authorized online betting platforms just as the courts and the administration are mulling a full ban on online gambling.

First, the news


What you need to know


AUSTRAC urges casinos to mitigate junket risk

Australia’s top anti-money laundering watchdog has released an in-depth report into junket operators, concluding they are highly vulnerable to criminal activity and that casinos need to do more to mitigate the risks. The assessment concludes that the main criminal threat facing the JTOs sector is money laundering. “Money laundering and financial crime enables serious criminal activity such as drug trafficking and human trafficking which causes harm to our communities,” AUSTRAC CEO Nicole Rose said. 

austrac

Bangalore Turf Club stymied by Karnataka online betting struggle

A policy u-turn by the state government of Karnataka has left the Bangalore Turf Club and the Mysore Race Club hanging, shortly after they invested in the creation of online betting platforms to help them emerge from the Covid-19 slump. After receiving the green light from the state government in July, the two racing clubs launched their platforms and began patron operations last month. The government has now ordered these platforms to be suspended. This case also comes in the midst of a wider struggle over online betting in Karnataka state, which is considering following the example of a handful of other Indian states and issuing a full ban on online gambling.

Insights


MOVERS AND SHAKERS

Lotte Tour Development bets on its dream tower

At the end of this week, Lotte Tour Development will hold the grand opening for the Jeju Dream Tower, an ambitious project, forty years in the making, upon which the firm is expected to either rise or fall. This firm, which traditionally franchises travel agencies, offers home-based travel businesses, and provides leisure-travel information, is well aware of what it has riding on this one massive venture. This reality is best symbolized by the fact that, having been established in Seoul in 1971, it is now moving its company headquarters after nearly half a century into this tower on the distant island of Jeju. And quite a tower it is, dwarfing any other structure on the island.

Jeju Dream Tower
FIRST WORD

Covid resurgence in Northeast Asia

As we enter the holiday season and the final week of full daily gaming industry coverage by Asia Gaming Brief, we must regretfully acknowledge that for at least a couple of the key jurisdictions we cover, conditions have clearly gone backwards rather than forward. The daily figures make it apparent that both Japan and South Korea have now fallen into their worst periods of the Covid-19 crisis since the pandemic began, although so far their governments are taking opposite approaches toward managing the multiplication of new cases.

Supplier Special


Knowledge trumps content in Asia igaming

In Asia’s complex and diverse i-gaming landscape, having the right content means business success only if one more key ingredient is included – market knowledge. Solid Gaming may have been focusing on Asia for only 3 years but its penetration amongst operators is surely a testament to its local know-how. 

Spintec appoints Mitja Dornik to help expansion

Mitja Dornik

Spintec has appointed Mitja Dornik to its international sales team and says his business development skills will help the gaming supplier expand in the growing Asian and Australian markets.

1xBet wins SBC Award for eSports operator of 2020

1xbet

1xBet betting was named eSports operator of the year at the 2020 SBC Awards in an online ceremony on Dec. 9th.  Furthermore, SBC awarded 1xBet the title of Highly Commended in two other categories – “Marketing Campaign of the Year” and “Sponsorship of the Year,” while also being shortlisted for “Football Sportsbook of the Year,” “Best Mobile Operator App” and “Best Affiliate Program.”

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