Regulatory Developments
Asia
The Asian market continues to develop, although it currently remains subject to very specific methods of business, such as the use of agents, very cash based payment systems, often with the provision of credit to customers. Accordingly, while the betting and gaming markets are substantial, they are heavily dominated by a number of Eastern-based operators with a deep-rooted position and understanding of the local gambling culture. The extent to which Western operators will challenge this status remains to be seen. Additionally, the regulatory regime in many Asian countries is currently prohibitive and, at present, the Group has no operations or activities in Asia.