Proxy betting is a new threat

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Online casinos are investing in modern technology to protect customers’ privacy. However, cybercrime remains a potent threat to these enterprises. Since the inception, online betting websites were the target of hackers and scammers. Due to this threat, Macau is implanting stringent rules on proxy betting, which is benefiting casinos of Southeast Asia. The use of smartphones on VIP casino tables is prohibited, which positively impacts the revenue of Southeast Asia casinos. Proxy betting is a new way of deceitful acts. In this, a person outside the casino gives instructions to the player seating in the venue.

The proxy acts according to the instruction and mostly cash-winning on behalf of the duo. Most premier casinos telecast live feed of table casino games from a controlled environment. This implies other players can watch it from another city or continent and provide recommendations to the accomplice. But you need not imply any unfair means while playing Pokdeng online(ป๊อกเด้งออนไลน์), as it provides a fair chance to every player.

Prohibited using mobile phones

Macau somewhat encourages this malicious practice of proxy betting to retain high-worth bettors. They turn a blind eye towards the proxy bettors to augment the revenue. According to Morgan Stanley, about 10% of VIP gambling revenue comes through proxy betting. This is becoming a headache for regulatory bodies that want to stop money laundering. As a preventive step, the Gaming Inspection and Coordination Bureau (DICJ) prohibited using mobile phones on the casino table. As in 2015, proxy betting was assumed to grow by 15%, so this step was essential to curb further proxy betting manifestation.

Macau was the epicenter of proxy betting, which spread to other Southeast Asian countries. The regulatory of these countries are discrete or unwilling to address this malpractice. According to a statement published by Shaun McCamley, a global advisory firm, proxy betting is thriving in territorial casinos in Vietnam, Cambodia and the Philippines. Some dubious casinos heavily depend upon proxy betting, accounting for 90% of their revenue. Those gambling firms have not yet stepped in the murky water, considering adding this as a gaming option to high-flying gamblers.

Offering proxy betting through back doors is relatively economical than liberal bonus and other promotional freebies. This method can easily bypass jurisdiction issues for both player and the house. According to Shaun McCamley, a resource of $60,000 is required to set up eight tables of proxy betting and expected to fetch revenue of $897,000 in the initial year. This feature is lucrative to bookmakers in a less developed market, where regulators ignore the malpractice due to various reasons.

The worth of the global online betting market was around US$45837.26 million in 2016 and is expected to grow to US$77420.56 million in 2026, with a CAGR of 7.9%. As the market is expanding, different casino games attract players’ attention; PokDeng onlinea Thai card game, is a game. The global online betting market includes Asia-Pacific, Europe, the US and the rest of the world. Based on country-level, online betting is divided into UK, US, Canada, Italy, Germany, France, China, Japan, India, Southeast Asia, Mexico, Brazil, GCC and Africa.