Queenco Leisure International Ltd. generated €500,000 ($654,000) in gross gaming revenue from its new casino in Sihanoukville. The London-listed company posted earnings before interest, tax, depreciation and amortization of €400,000 from the casino, unchanged from a year earlier, after attracting 4,000 visitors, with a gross win per visit of €149. It has a 70 percent stake in the casino. Net revenue doubled to €200,000. The company said it had hired an agent to market 9 hectares of land it holds in Cambodia to raise funds.
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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.