In the company’s annual report, Crown chairman James Packer said that he would continue to focus on upgrading Crown’s Australian projects to compete with new casinos in Asia, while keeping a close eye on cost control. Next month the company’s shareholders will vote on a name change to ‘Crown Resorts’, reflecting its desire to invest heavily in tourism infrastructure both at home and abroad. “My vision for Crown sees us as a leading global luxury brand, with a clear focus on Asian tourism”, said Packer. Crown’s profit was down 23 percent from the previous year’s $396 million due to weaker consumer sentiment.
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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.