Profits from RexLot Holdings Ltd.’s China lottery operations rose 18.9 percent to HK$621.6 million ($80.1 million) in the first half of 2013 from a year earlier as revenues rose 15.6 percent to HK$1.15 billion. The Hong Kong-listed company’s subsidiaries provide equipment, materials and services for both the Welfare Lottery and Sports Lottery, but it did not report a breakdown of its lottery results.
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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.