A House panel plans to propose to Thailand the establishment of five legal casinos. The panel believes the initiative of the legal casinos will reduce the number of illegal gambling in the country.
A number of Thai political parties have submitted draft amendments to the Gambling Act that, if approved, would legalize land-based and online gambling.
South Korea is set to become a key target market for regional casino operators in the absence of Chinese consumers over the next few years, according to Aristocrat’s General Manager, Asia, Lloyd Robson.
Cambodia’s communications watchdog has blocked 79 websites it says were offering illegal online gambling services in Cambodia.
“The ministry is also involved in the review to improve laws related to gambling which is being carried out by the Finance Ministry,” he said when replying to a question by Noorita Dual (Pakatan Harapan – Tenom) in the Dewan Rakyat.
Online gambling is a global phenomenon, but the rules and regulations surrounding casino and sports betting sites vary considerably between countries.
The rise in cryptocurrency payments can be traced to increasing online gambling activity in Asia. Countries like India, Japan, and Indonesia are top players when it comes to the positive momentum behind cryptocurrency betting.
Speaking at the Bank of America Securities 2021 Gaming and Lodging Conference on Friday, 10 September 2021, MGM’s Chief Financial Officer Jonathan Halkyard said the company was actively steering itself towards an asset-light model that would see it focus primarily on gaming operations
Their efforts come after Cambodia stopped issuing online gaming licenses from August 2019 and refused to renew existing licenses when they expired on 1 January 2020 following a directive from Prime Minister Hun Sen.
A businesswoman incurred losses amounting to RM117,000 after falling victim to an online gambling syndicate she got acquainted with, via the social media.
