Unaudited rolling chip turnover at Asia Entertainment & Resources Ltd.’s Macau VIP rooms reached $1.5 billion last month, up 15 percent from a year ago. The gain was boosted by the company’s acquisition in June of the profit stream of a VIP room in the Le Royal Arc Casino but the company said its other rooms also showed improved results. For the year to date, rolling chip turnover totalled $10.04 billion, down 12 percent from last year. The win rate for July was 3 percent, the Nasdaq-listed company 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.
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.