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The Victorian Royal Commission into Crown Resorts is set to launch next Monday, opening with an examination into the arrests of Crown staff in China in 2016.
The central Japan prefecture of Gifu has been grappling with a scandal involving jockeys and trainers as who have been found to be engaging in betting on horse races.
Like South Korea’s other casino operators, Paradise Co.’s headline Q1 numbers made for grim reading, although there were positive indicators, such as a narrower loss due to cost cuts and strong hotel performance.
Macau junkets have been among those singled out for their involvement in the spread of illegal online betting during the pandemic, according to a report compiled by the Asia Racing Federation, obtained by Asia Gaming Brief.
Other Asian jurisdictions are closely watching the Philippines’ efforts to bridge the land-based and online gambling divide with a view to following suit, while Nepal is likely to have its first online operator live within two months.
Japan’s unique Banei Horse Racing (draft horse racing) in Obihiro, Hokkaido, is under the cloud of animal cruelty accusations after several videos of jockeys kicking horses in the face were distributed on the internet.
Wynn Resorts is likely to enjoy higher margins post-Covid due to its cost-cutting efforts, but the main excitement to come from its Q1 results came from a plan to spin off its digital business, analysts say.
Sources are pointing at another potential suitor for Crown Resorts’ shares, Hong Kong-listed CC Land Holdings.
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.