Caesars Entertainment (Nasdaq:CZR) Chairman Gary Loveman expects the South Korean government to decide by May on the company’s proposed joint venture with Lippo Group to develop an integrated resort in Incheon. Loveman is confident the proposal is in line with recently elected President Park Geun-hye’s plans to stimulate tourism. Caesars holds 60 percent of the joint venture. With one exception, all casinos in the country bar locals from entering. Caesars has long been trying to follow in the footsteps of its Vegas rivals and expand to Asia. In 2007 the company bought a dilapidated golf course in Macau for $578 million in hopes of generating good will toward entering the market, as yet to no avail.
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The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.