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ONLINE CASINOS TAP INTO THE EXPANDING ASIAN INTERNET GAMBLING MARKET

 

 

As more and more Asians jump onto the Internet, online casino gambling gets a serious boost. The emerging Asian market is seen as a new golden opportunity for the online gambling industry and some predict it will soon outgrow American and other established markets within the near future so click here คาสิโนเว็บไหนดี

 

There is an ancient Chinese proverb about gambling and goes like this: “If you must play, decide upon three things at the start: The rules of the game, the stakes and the quitting time.”

 

Operators of gambling Web sites have had their eyes on Asia for some time. They believe that the widespread bans on conventional gambling casinos have created an ardent interest in borderless internet betting.

 

Angela Ho, president of the DrHo888.com online casino, says she has seen a 40% increase in online bets in recent months. “The market is huge” says Ho, “and I think everybody knows that Asian players are the most sought after …because they spend the most money and are the most fervent gamblers.”

 

South Korea was one of the first countries in the world to have widespread broadband access in the mid-1990s. Countries such as Korea, China, Hong Kong, Singapore and Taiwan have a relatively high broad-band penetration. China, however, has low broadband penetration but a high availability of 24-hour Internet cafes that have kept the countryґs online gambling industry going strong.

 

In another overt sign of a flourishing market, operators who previously focused on more-developed markets such as the US are now joining the eastward rush by creating new Web sites designed to skew specifically to the Asian player.

 

Simon Noble, CEO of Antigua-based BetWWTS.com, said his company built new Chinese- language pages recently but also stated that business from the Asian market was soaring regardless of the adaptation -in particular betting on European soccer and the NBA (due in part to the popularity of Houston Rockets star Yao Ming). “Our numbers from Asia are up almost 130 percent from last year and it now makes up 30 percent of our overall business,” said Noble.

 

Gaming analyst Sebastian Sinclair, who works for the leading tracker of the Internet gambling sector, Christiansen Capital Advisors, said his projections show that Asian markets accounted for 16 percent of a total Net betting market of $5.6 billion in 2003 and will climb to 40 percent of a total market of $11.6 billion in 2006.

 

US BAN ON ONLINE CASINOS DOES MORE HARM THAN GOOD

With the recent surge in online casino interest the US government has taken steps to try to ban online gambling within its boarders. Land –based gambling is also outlawed in most US states. But there is an argument that an outright ban may end up doing more harm than good.

 

Gambling has long been an American tradition and so it was inevitable that with the advent of the Internet and the convenience and sophistication of software technology, gambling would be taken to the online arena. But based on the outcry from many anti-gambling pundits in Washington, there has been an effort to ban online casino in American altogether.

 

Basing their argument for a ban on moral grounds, the anti-online casino lobby has managed to keep online casinos off American soil. Therefore, Internet gambling operations are often located outside of the U.S., thus making it next to impossible for the US government to enforce any laws or take action against them. So the online casinos continue to exist and operate without being hindered in any way.

 

As was the case with prohibition (the banning of alcohol in America during the 1920’s & 1930’s), to outlaw something completely can end up creating even bigger problems. For instance under prohibition alcohol was still readily available –it was just driven underground into the illegal criminal element. The same can be said for betting. Many illegal bookmakers are out there every day taking advantage of people who are desperate and may have gambling addiction problems.

 

It should also be noted that while illegal gambling leads people to deal with local criminal elements, online gambling can cross boarders without affecting anyone due to the global online environment that is the Internet. That means for an online gambler, it doesn’t matter if the online casino he frequents is down the road or in the Caribbean. Whereas those who want to place illegal bets have to do it locally thus increasing criminal activity in their local environment.

 

Finally, common sense tells us that legal, government regulated online gambling would certainly be much safer than illegal gambling and would inevitably drive illegal business away altogether.