A Vietnamese immigrant failed to convince the Administrative Appeals Tribunal that unexplained financial deposits were all gambling winnings and that he should therefore not have to pay A$1.15 million ($1.19 million) in tax and penalties. The man claimed to have discovered a system to win at baccarat 95 percent of the time during a trip back to Vietnam in 2006 and then won more than $4 million at casinos there and in Cambodia. He said he continued to use the system at The Star in Sydney, which did record that he won a net A$464,156 in 2008 after three years of losses. The tribunal said the records didn’t support that the man’s winnings were as large as claimed and said the baccarart system was “inherently improbable”.
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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 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.
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.