Online casinos in Asia have taken off, and nothing can stop it.
Despite prohibitions from the Chinese government against online casinos, this $24 billion industry continues to expand and build up.
Sources say online casino games like poker and baccarat alone receive bets at a rate of $10,500 every 30 seconds.
So, does this mean it is legal to gamble in Asia? Read on to know more…
Online Gambling in Asia
Gambling has been ingrained in Asian culture 3,000 years ago or older. In fact, reports indicate they may be the first civilization to introduce gambling similar to poker and baccarat. There are also indications that the Great Wall was made possible by huge funding from the Chinese lottery.
This culture of gambling is what keeps online gambling prosperous despite prohibitions against it in mainland China. The number of Chinese players keep growing because online casinos have made it possible for Chinese to freely gamble without incurring more expenses, as compared to playing in Macau, where casino gambling is legal.
India, Japan, South Korea and the Philippines are also open to online betting and online casinos. In fact, the Philippines has been licensing online casinos in Asia through the Cagayan Special Economic Zone.
The Philippines is also home to one of the biggest operations of online casinos called Philippine Offshore Gaming Operators (POGO), which nets about $116 million annually, and still growing. Income from online casino operations is expected to grow to $2.5 billion annually, making it the fastest growing site for online gaming.
The growth is not a surprise considering that Asia is home to about 60 percent of the world’s population, many of whom are hooked on online casinos. The growth is also attributed to the growing number of players who use their mobile devices to access online casinos.
Players from restrictive countries like Malaysia, Thailand, Singapore, Vietnam, etc. find unrestricted gaming through internationally licensed online casinos. These countries have different gaming requirements when it comes to the use of local currency, debit and credit cards, and bank deposits. However, local banks are able to accommodate players when it comes to depositing money into online casino accounts, as well as withdrawal of money from these sites.
Finding Online Casinos in Asia
There are a lot of international online casino operators that cater to the varied Asian population. Most of these operators are fully licensed and authorized by the likes of the Isles of Man, the UK Gambling Commission, and Malta Gaming Authority. Licenses from these authorities assure players that they are playing on a safe site and will not be duped of their money.
Casino Lista have listed reliable online casino websites here.
In addition to licensing, players should also check the websites’ use of banking methods, as well as requirements for bonuses and rewards, and the presence of customer support. These factors are important in order to obtain a maximum gaming experience that will be worth every cent you deposit!