The period of peak growth for VIP gambling revenue in Macau has peaked, but growth is still likely to double by 2018, driven by the so-called premium mass market, local media cited Billy Ng, a Bank of America Merrill Lynch gaming analyst as saying. Macau’s annual casino revenue can “reach US$85 billion in the coming five years,” he said.
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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.