Currently, Asia has the largest share of the gambling market. This is expected as Asia makes up more than 60% of the global population. The continued improvement of the economies of Asian countries, such as the online evolution, also contributes to its substantial share of the world’s gambling revenue.
Where in Asia is gambling legal?
Even though the gambling industry is developing rapidly in Asia, not all countries allow gambling. In most Muslim majority, Asian gambling is illegal. The states which allow gambling also have a strict system of gambling controlled by proper regulatory authorities.
Prominent Gambling Areas in Asia
Asia attracts millions of gambling fans all around the world, thanks to its specialized gambling zones. Some countries have developed Gambling resorts with other facilities like recreational centers and business making it an absolute paradise for gamblers. Some of the gambling venues include Galaxy Macau, Marina Bays Sands.
In China, the only region that permits gambling in Macau. And a few regulated outlets in Hong Kong In 1847, gambling was legalized, but it did not pick up until 1962.
Macau features 49 casinos, which bring in around $28 billion triple as much as Las Vegas 135. Macau does not tax winnings making it a favorite spot for Asian gamblers. All types of gambling are allowed in Macau, including betting terminals, poker, sports betting, and lotteries.
In Hong Kong, there are a total of six legal gambling facilities. The Hong Kong Jockey Club allows gambling in the form of sports betting from football to horse racing.
China’s gaming revenue
Macau’ Gross Gaming Revenue dropped from 2014- 2016; however, in 2017, it rose by 20 percent, and in 1018, the gaming revenue increased by 35%.
Being a British protectorate, gambling was banned in 1829. In 2005, the legalization of gambling was considered but brought about a heated debate between religious communities and concerns over social issues.
In 2006 the law on partial legalization of gambling in Singapore was adopted. Therefore, two large casinos were developed in Singapore. One of them includes Resorts World Sentosa, which is located on Sentosa Island. It covers 15000 square meters with more than 2500 slot machines and 1 thousand tables. It also features recreational spots.
The second-largest Casino is Marina Bay Sands, which hosts restaurants, a hotel, swimming pools, and cinemas.it has more than 600 tables, 1500 slot machines, and a few VIP halls. The two casinos are among the most luxurious and prestigious casinos in the world, attracting plenty of gamblers. Online gambling is prohibited in Singapore.
India only allows gambling in Goa and Sikkim states and the Daman district. In the state of Nagaland, you can acquire a license to operate online skill-based games.
Gambling areas in India
Goa is considered India’s gambling entertainment capital featuring the most significant gambling establishments. Some of the most prominent casinos include Casino Pride, Deltin Royale, Deltin Jaqk, and Big daddy casino.
Deltin Daman was the first land-based gambling complex in India, first opened on 30 November 2017. The complex hosted over 1500 gambling venues, 100 slot machines, and 30 gambling tables.
Online gambling in India
Online gambling is still developing in India due to its ambiguous situation. Most local governments do not license gambling, but India also lacks a legal framework that prohibits online gambling.
Many Indians today try their luck to win jackpots online. Play the lottery from India online on Lottoland, which allows you to choose from platforms like Powerball, Mini Lotto, and MegaMillions.
India’s Gambling Revenue
In 2015, the estimated value of the Indian gambling market was around $75.7 million. In 2017 the lottery ticket was valued at 12. 5 billion and $350 million over horse racing. During the world cup cricket, over $1.5 billion worth of bets were placed on a single match.
Gambling Business in other Asian Countries
Gambling is regulated strictly in Japan. The government has approved legalization and regulation of the first three casinos in the country; experts estimate it would bring up to $16 billion,
Online gambling is illegal, but sate and instant lottery are allowed. Japanese residents also bet on cycling, football, horse, and boat racing. This contributes to up to $200 billion of gaming revenue.
The Philippines has plenty of organizations that license casinos in the Philippines. It also features some of the most entertaining gambling complexes, including Wild Aces Poker Sports Club, City of Dreams Manila, Resorts World Manila, Sofitel Philippine Plaza Manila, and Solaire Resorts and Casino.
The Philippine market earned a Gross Gambling Revenue of 2.9USD billion in 2017, and in 2018 it increased to 3.5 billion USD. Experts predict a massive increase in gambling revenue soon.
Asian countries which prohibit gambling
Most Islamic states in Asia prohibit gambling; they include Bangladesh, Indonesia, UAE, Bahrain, Pakistan, Kuwait, Qatar, Thailand, Laos, and Myanmar. However, underground gambling remains quite popular.
What to expect from South Asia’s Online Gambling
Asia’s economic growth has increased thanks to online gambling, which has brought about a large share of the revenue. The Asian market is considered a promising region for gambling development. According to experts, the gambling business might contribute to up to $25billion annually by 2025.
Asian gambling establishments bring about the most profit in the world. In 2010, the Asian gambling income from online gambling establishments and land-based exceeded benefits worldwide. Countries with legalized gambling will enjoy massive earnings in the Asian market.