Iao Kun Group Holding Co. says it’s unlikely to meet its non-GAAP income guidance for 2013 because of low win rates in October and November. The VIP room operator said its November rolling chip turnover gained 19 percent to $1.5 billion. The win rate for November was 1.64 percent. The company said the low win rates also caused it to record an operating loss for October and November, but didn’t give details.
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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.