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info on the development of online gambling in asia 2019

vionavaleria 29.08.2019 12:27
info on the development of online gambling in asia 2019 is at this moment the largest gambling market, but that is not really an unexpected fact, since inhabitants of Asia make up more than 60% of the worlds population.

Some tendencies in the global market for online gambling are also present on the Asian market, such as online evolution and the increasing trend in using mobile devices, like phones and tablets. And all these changes imply and involve technological measures in Lexispoker88 Login ( http://lexispoker88.com ) to keep up with the mounting demand.

But the major changes that take place on the gambling scene appear in the regulatory spheres too, where every state needs to keep up with an already present phenomenon and needs to create rules and regulations accordingly.

As the online gambling market is experiencing a consistent growth with the mergence of new technologies and the increased accessibility of the Internet, its time to take a closer look at the fastest growing iGaming market Asia.

China

There are many forms of betting in China, like sports, lottery and various slot machines. Some of them, such as mahjong, poker, casino games and sports betting with non-approved sites are forbidden and Chinese Sports Lottery has a monopoly on all sports betting in mainland China.

However, operators, promoters, agents and junkets (not players) are tracked down by the authorities. Though it is very popular in China, online gambling is mostly illegal and those who bet prefer internationally licensed websites for the large variety of sports games, in-play betting options and live casino games.

For land-based casino games, most big players in China prefer to travel for one day or two to Macau, where most gambling activities, land-based and online, are allowed.

Hong Kong

Hong Kong permits certain forms of gambling, as long as they are managed by the government-sponsored Hong Kong Jockey Club (HKKC), such as horse races, football matches and Gudang Poker Login ( https://gudang77.bet ).

Mahjong is another gambling activity that is allowed to operate in Hong Kong and poker appears to be in a gray area, still running in an underground manner. Any other gambling activity is illegal and harsh penalties are applied. For this reason, most Hong Kong punters prefer to travel frequently to Macau.

Taiwan

Gambling in Taiwan is regulated by strict laws and you can bet on the Taiwan Sports Lottery, the only source for legally betting sports in the country.

Since odds are not great, bettors prefer online gambling websites that offer Mahjong, baccarat, slots, Chinese chess, sports, casino and in-play gaming, and much better odds.

As in the neighboring countries, Taiwanese people prefer international websites and regional ones, which support the local language. Though not easy to place money online, you can find a method that works for gambling websites deposits, like EntroPay or Skrill.

If you want to play safe, you can place bets with Taiwan Sports Lottery. However, for better odds and a diversified offer, you can choose the 2 gambling websites mentioned previously. Though not legal in Taiwan, those websites that are not under Taiwan jurisdiction are not blocked by the authorities.

Macau

Macau is a Special Administrative Region with a different government and laws. It is officially part of China, but it has its own capitalist economy and political system. In Macau, land-based casinos, sports betting, and poker are allowed. It doesnt address, license, or even acknowledge online gambling. For online casino operators, Macau does not license online gaming operations.

Since it is not regulated, online gambling is not forbidden and you can bet online without worries, which is an important thing to know, especially when online gambling activities are banned in China, Hong Kong and Taiwan, the main places that provide players for Dnd Poker Login ( http://https:andpoker.online ) .

Macau remains the richest casino destination in the world and the epicenter of the gambling industry, having surpassed Las Vegas for gaming revenues. All gambling activities in Macau fall under the jurisdiction of the Gaming Inspection and Coordination Bureau (DICJ), which oversees the entire gambling industry.

An interesting aspect of the Macau gambling revenues is that two-thirds of them come from junket operators that bring VIP clients, mainly from China. They dont provide just concierge services and VIP treatment, they have another important role.

For business men and rich people, taking money out of China is not an easy thing to do. Therefore, in this case, the junkets play an important role, that is to provide money to the gambler and then recover the money back in the home country. Though this was an illegal activity before Macau return to China, after 2002 a series of laws came into effect and regulated this activity.

Philippines

The Philippines is a relatively mature gaming market with many forms of gambling available. This country has a very distinct approach to online gambling. There are two distinct regions for gambling purposes: the state-owned Philippine Amusement and Gaming Corporation (PAGCOR), which operates all land-based and online casinos, bingo, sports betting, and betting establishments and is the sole authorized gambling operator in the country, and the Cagayan Special Economic Zone and Freeport or Cagayan Freeport, which is the only region in the Philippines that is not under PAGCOR monopoly.

Online casinos in the Poker7 ( http://pokers7.club ) are considered to be safe for players, especially since PAGCOR itself owns and operates some online casinos. All Philippines casinos bearing the PAGCOR or the Cagayan license are safe to use, since that means that the casino has been verified and it operates within the law.

For companies looking to set up a gambling company in Asia, the Philippines is a very valuable gaming license to hold. Although its more expensive than other licenses, the taxation system is beneficial for international companies. A full license, covering both online casino and sportsbooks, includes a new application fee of $40,000 and an additional $48,000 per year for sports book operations payable upon license issuance. The renewal fee is $40,000.

The Philippines iGaming sector is expected to grow substantially in the following years and to continue generating large revenues. According to Asia Gambling Brief, the Philippines is expected to be the fastest growing gaming jurisdiction in Asia, with the total size of the market predicted to reach $2.7 billion in 2015, from $2.05 billion registered in 2014.

EveryMatrix has recently opened an Asian office in Manila, thus ensuring a presence within the region whilst catering to the growing demands of the online gaming communities in Asia and it has some operators on the Asian market.

Singapore

Gambling as a whole is banned in Singapore. Just recently, Singapore has blocked hundreds of offshore gambling sites and it has become a criminal offense to gamble online on an unauthorized site.

The new Remote Gambling Act, which came into effect this past October, prohibits gambling services, remote gambling service advertisements and remote gambling promotion and only allows online gambling services to be provided by local non-profit operators.

This new law came as a result of increased popularity of online gambling in the country and has resulted in many online gambling operators leaving the Singapore market.

Japan

In Japan, online gambling is not allowed and gambling as a whole is quite strongly restricted and controlled. The only gambling activities legally permitted are lottery, scratch cards, pari-mutuel betting on horse racing, bicycle and motorcycle racing, powerboat racing, and soccer toto wagers.

However, the government cannot prevent people from accessing foreign gambling sites. Despite tight restrictions, sports betting and gambling are very popular. Online betting is allowed by the Japanese authorities for lottery, football and public sports, but it is only for pari-mutuel betting with the official channels.

For more complex betting options, such as betting fixed odds, live sports, casino, poker, etc, international gambling sites are preferred.

Vietnam

Online gambling is prohibited in Vietnam and all forms of gambling, except state lottery, are illegal. There are strict penalties and fines for people who place bets or engage in other forms of online gambling.

However, due to these overly tight restrictions, there are many forms of illegal gambling thriving in Vietnam, as the Vietnamese are big fans of gambling, including casino games, lotteries, online poker and online sports betting.

Similar to the neighboring countries, international and local betting websites are easy to access and local authorities do not try to block them.

Indonesia

Due to the strict Islamic law governing the country , where more than 90% are Muslims most gambling activities are strictly prohibited. The only type of legal gambling is the free licensed lottery.

However, despite the governments efforts to ban online gambling, sports betting and Link Alternatif Lexispoker ( http://lexisku.com ) are extremely popular in the country and there is little to be done to prohibit Indonesian citizens from accessing international or local gambling websites.

South Korea

In South Korea, gambling activities are illegal. Even more, it is a crime for Koreans to gamble outside the borders. Nevertheless, some state controlled gambling activities are allowed, like horse racing, lottery and betting on some sports.

To encourage tourism activities, South Korea has 16 casinos where only tourist can enter. The only casino that allows South Koreans to gamble is Kangwon Land Resort & Casino, located in the northern part of the country.

Online betting is not approved from a technical point of view. Still, Koreans can place bets (like many other Asian countries, where gambling is illegal) on regional gambling sites that support easy payment options and a friendly Korean language interface. Using these sites, Koreans can bet on sports, casino games, poker, baccarat, roulette, blackjack and mahjong.

International betting sites are more difficult to use, since it is not that easy to deposit money, though the sports betting options offer more gaming diversity.

Thailand

Thailand is a country where gambling is regulated by multiple laws and though most of it is illegal, Thai people love gambling activities.

Thailand offers 2 forms of legal gambling: horse races in Bangkok (which is usually addressed to high society) and the national lottery, which is a big deal all over the country and most people in the country can access.

To satisfy the Thai demand for all sorts of gambling, there are casinos in Cambodia, Burma and Laos which can be visited by Thai citizens. Even more, they are able to play online and then visit personally the casinos from the neighboring countries to collect their money.

As for online gambling, which is highly popular, the Thai can place their bets on websites that are licensed and legal in other countries, such as Philippines or UK, preferring sports betting, casino games and online poker.

Thai players prefer local bookies because they offer localized interfaces and much easier payment options. Wismapoker ( http://teamwisma.com ) websites are also used, but its not that easy to deposit money and fund your account. Nevertheless, UK betting sites offer in-play betting options and a higher degree of trust and safety, especially for English speakers living in Thailand.

Malaysia

Malaysia is a country with a 60% Muslim population, which is subject to the Sharia law that forbids gambling activities. This prohibition applies to both the local Muslim population, but also to Muslim tourists that visit the country. Still, there are legal forms of gambling that apply to Chinese minority (1/3 of the population) and tourists, which are not of Muslim faith.

Online gambling is possible by using overseas gambling websites, from Philippines and UK. To make things easier, players can transfer money online or at an ATM machine by bank transfer as many banks are available. The main gambling websites used by locals are licensed in Philippines and offer poker, casino games, sports, etc. and in Europe, which provide global coverage and a vast array of sports and casino games, like online slots, baccarat, blackjack, roulette or live casino and poker.





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