In its new research note entitled “Let the Games Begin”, Credit Suisse declared that it was positive about the prospects of the Philippine gaming market, predicting a compounded annual growth rate of 28 percent between 2012 and 2018. The report pointed to the fact that the Philippines has a population three times larger than that of Singapore, Macau and Malaysia combined and that it has the fastest growing working population in emerging Asia. The report also noted that the lack of hotels and new casinos elsewhere in the region opening before 2015 could help boost VIP visitation to the Philippines.
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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.