Profits for the Lao Cai International Hotel casino in Vietnam rose 85 percent to A$4.75 million in the year ended June 30 as revenues rose 72 percent to A$8.58 million, driven by a 43 percent rise in VIP table revenue, according to owner Donaco International Ltd. The ASX-listed company said it had further raised the budget for the construction of its hotel building to $57 million from an original $43 million; the budget had risen to $52 million last month. Joey Lim, managing director, said revenue in July rose 130 percent to $1.68 million.
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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.
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 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.