Asia’s online gambling jackpot proves hard to win

Imperial Pacific International Holdings

12/07/2019 02:32

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Katrina Hamlin
    HONG KONG, July 12 (Reuters Breakingviews) - Web-based
betting shops have been booming in the Philippines since local
rules were reworked. Despite a glut of punters in the broader
region, a market estimated at some $11 bln, seasoned operators
have been hesitant to place wagers. For now, the regulatory odds
remain too long.
    Full view will be published shortly.
    On Twitter https://twitter.com/KatrinaHamlin
    
    CONTEXT NEWS
    - The global internet gambling market generated about $45
billion in gross gaming yield in 2018, according to an estimate
from the Global Betting and Gambling Consultants; their research
suggests Asia accounted for almost a quarter of the total.
    - Philippine gaming regulators has licensed 56 Philippine
offshore gaming operators, better known as POGOs, according to a
list published in June.
    - For previous columns by the author, Reuters customers can
click on  HAMLIN/  
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    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Jeffrey Goldfarb and Sharon Lam)
 ((katrina.hamlin@thomsonreuters.com; Reuters Messaging:
katrina.hamlin.thomsonreuters.com@reuters.net))