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¡°It¡¯s really hard to know,¡± he said.
¡°We don¡¯t know what it¡¯s doing to a new generation under the age of 21,¡± Fong said. ¡°Before, you couldn¡¯t even talk about gambling without someone saying, ¡®You can¡¯t talk about gambling.¡¯ This generation is growing up with gambling on their TVs. All we can say is that it is a critical issue: The earlier you start gambling ¡ª and gambling regularly ¡ª that¡¯s the biggest risk factor for addiction.¡±
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The Wednesday trials began with an examination of Ellute Cheung, Former Strategic Planning Director of Suncity, who is accused of promoting proxy betting platforms across ASEAN circuit casinos, including Philippines, Vietnam, and Cambodia, arranging for players to proxy bet online with their accounts operational at Suncity¡¯s Macau Casino VIP rooms.
The exploded adoption of online gambling can be well understood from the fact that the market was worth USD 57.54 billion in 2021, and is projected to grow at a CAGR of 11.7% between 2022 and 2030. The growth of the global online gambling market is being driven by the increasing popularity of online games in public places and at home, thanks to smartphones and fast mobile internet. The market is also being boosted by cultural and legal approvals, easy access to online gambling, celebrity endorsements, and corporate sponsorships. Due to the availability worldwide of affordable mobile apps, the market will continue to grow.
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