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Friday, 4 September 2020
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Dear Stephen
The India Premier League cricket tournament is scheduled to begin on Sept. 19 and will be held in the United Arab Emirates due to the Covid-19 situation in India. Cricket is close to a religion in the country and the resumption of play is expected to lead to a tremendous surge in volume for online fantasy sports (OFS). Unlike other areas of online gaming, OFS has seen a downturn in India during the pandemic due to a lack of sporting events. However, prior to the crisis, it was far and away the fastest growing segment of the market. In our first article this week we look at OFS in India and how to ensure your business model meets local legal requirements.
For our second article, we highlight efforts by governments in the Mekong region to promote domestic tourism as a lifeline to struggling businesses while the borders remain closed. Locals have shown a strong willingness to travel in their own countries, although in most cases this doesn’t help casinos as locals are unable to gamble. We also focus on what steps are being taken to reopening international borders and at the potential timelines.
In AGB Nippon this week, we examine the impact of the resignation of long-serving Prime Minister Shinzo Abe on the IR regulation process. Abe has been a key champion of the industry and his successor, even faces challenges in following in his footsteps.
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IPL to mark bounce back for India’s online fantasy games
While the legality of sports betting in India remains a question of debate, betting on online fantasy sports (OFS) has been the biggest growth area of the country’s online skill-based gaming industry.
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Can domestic tourism fill the void?
Jurisdictions around Asia are noting a strong surge in domestic tourism as a result of the pandemic, but border reopenings remain some way off and local traffic is unlikely to do enough to offset lost revenue in the IR industry.
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Prime Minister Suga likely to hit the brakes on IR development
The emergence of Chief Cabinet Secretary Yoshihide Suga as the all-but-certain next prime minister of Japan is good news for Japan’s pro-IR community. However, even with a solid friend in the Kantei, there’s plenty of reason to believe that the government is about to hit the brakes.
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Macau unveils its Urban Master Plan
The government of Macau has unveiled some of the details of its Urban Master Plan, meant to guide the development of the SAR through the year 2040.
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Andhra Pradesh bans all online gambling
The Indian state of Andhra Pradesh has taken the decision to ban all online gambling, including poker and rummy, because it’s pushing youth down the wrong path.
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Donaco appoints vendor, former legal foe, as CEO
Donaco International says Lee Bug Huy, one of the businessmen who sold the Star Vegas casino in Cambodia to the Australian operator, will be its new CEO.
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GKL August revenue heads south again
Grand Korea Leisure saw its sales drop again in August from the prior month after showing signs of a month-on-month improvement in July.
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IPI trying to hold on to its foreign workers
Imperial Pacific International Senior Vice-President of Public Affairs Tao Xing has told the government authorities in CNMI that the firm is extending the contract of some of their 260 foreign workers to allow the possibility of reopening in future months.
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Crown admits full page advertisement was inaccurate
Crown Resorts chief legal officer Joshua Preston admitted to the ongoing New South Wales gaming commission inquiry that the firm’s full page advertisement issued last July in response to media allegations that its junket operators had ties to organized crime included inaccurate information.
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Jade eyes growth and diversification during Covid
In battling the impact of the Covid-19 outbreak, Jade is adjusting to the new normal because failing to respond fast could result in great losses.
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NOW HIRING:
Product Manager at iGaming Company
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Latest news and updates on Covid-19
The latest news and updates on the Covid-19 (coronavirus) – with regularly updated information relating to new cases, travel restrictions and other information to keep you abreast of the latest developments.
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