In a major new study, the U.K. tops the league table when it comes to regulated betting markets, with India coming in last in the 20 jurisdictions under the spotlight.
The prospect of legal sports betting in Japan has created a buzz in the global community, though industry insiders warn that Tokyo will need to do a better job on regulation than it has with casinos if the market is to reach its full multi-billion dollar potential.
Michael Maerz, deputy CEO for Asia Pacific at Sportradar, speaks about the potential for regulated sports betting in Asia and the mounting excitement that Japan could be prepared to legalize, in what may lead to a chain reaction of a lifting of regulatory hurdles.
Australian wagering giant Tabcorp on Thursday said it has received a revised proposal from Apollo Management to acquire its wagering & media and gaming services businesses for A$4 billion.
The possibility that Japan might legalize sports betting for popular sports like professional baseball and soccer exploded into the public view on Wednesday with a scoop carried in the Financial Times.
The total amount spent on gambling in Australia in the fiscal year ending June 2019 rose 0.5 percent to A$25 billion, although casino revenue dropped 4.8 percent.