Search the Community
Showing results for tags 'asia'.
Found 3 results
Online Gambling in Asia: The Challenges and Opportunities
Shane Addinall posted a post in BlogOn paper, the Asian market would appear to be one of the highest untapped online gambling markets currently in existence. It covers approximately 60% of the world’s population, boasts highly educated people with easy access to the latest technology and in many cases an impressive amount of disposable income. However, due to religious and political regions, many Asian countries hold a negative view of gambling in any form, only allowing it at land-based venues to make more money off their foreign visitors. To gain a better understanding of the specific views of major regions, what they currently allow and what developments are in the pipeline we discuss Asia under three headings: Asia’s Shining Stars: regions where gambling is thriving Diamonds in the Rough: regions most likely to allow online gambling Here Be Dragons: regions where all gambling is banned These heading refer to the region’s stance on gambling, whether they are open to online gambling or not will be discussed as part of its review. Asia’s Shining Stars While gambling faces opposition across most of Asia there are two regions where the pastime is welcome with open arms, Macau, and the Philippines. ✓Macau Macau (also correctly spelt Macao) is the hub of Asian gambling, often being referred to as the Las Vegas of East. Though while Las Vegas might have Macau beat when it comes to landmass the former Portuguese colony has been known to generate three times the revenue of Vegas, reaching nearly $30 billion in 2019. In addition to being a global tourist destination, Macau also serves as China’s gambling outlet. While gambling in China is strictly forbidden its citizens may travel to Macau to gamble without fear of reprisal. While gambling in Macau is open to all who land there the one area where there is still some resistance to online gambling. Much of this resistance is thought to be since so many Chinese business people gamble in Macau and the Chinese government concerns about controlling what its citizens do online. ✓Philippines When it comes to noteworthy eCommerce markets the Philippines is unlikely to make your top list however market research proves that this is an up and coming online sales hot spot. A recent market forecast report by Statista shows that online sales in the Philippines should surpass the $5 billion mark by the end of 2021. This sizeable investment in online retail is not purely from a small segment of big spenders. GlobalWebIndex reported that of the 110 million people living in the Philippines more than 69 million are regular internet users with 75% of those aged between 16 and 64 already active online shoppers. This bodes well for the potential of online gambling when one considers that not only does the Philippines have a well-regulated gambling economy, but it allows offshore casino operators to offer online slots and other casino games to Filipino players. There is some confusion regarding holding a Filipino license since two options are on offer. The country’s two gambling boards, the Philippine Amusement and Gaming Corporation (PAGCOR) and the Cagayan Economic Zone Authority (CEZA), each offer their own license. However, neither license allows the licensee to offer casino games within the border of the country. In an ideal world, PAGCOR and CEZA can create a joint license agreement that allows the operation of an online casino within the Philippines that can also target Filipino players. For now, offshore casinos are free to reap the benefits of the Filipino love of online shopping and entertainment. Diamonds In The Rough These Asian gambling jurisdictions may offer casino games but only under heavily restricted circumstances. While they are not free gambling markets with their proverbial “toe in the water” they are best positioned to pivot to an open-license system. ✓Hong Kong As with Macau, Hong Kong is seen as an administrative region of China. This means that while the region is afforded some level of autonomy China feels empowered to step in and change or amend laws as they see fit. This has led to Hong Kong having a thriving local gambling market where players over the age of 18 can gamble at any of the country’s approved venues. All land-based betting in Hong Kong falls under the monopoly of the Hong Kong Jockey Club. To enjoy a night playing blackjack, roulette or even the slots one will have to board a dedicated gambling cruise ship which then goes out beyond the island’s legal territory before any casino gambling can take place. Online gambling is once again heavily restricted due to China’s influence over Hong Kong. However, Hong Kong is currently undergoing a resurgence in the call for its independence from China. Should they succeed, this could see the online casino market become a key player in their financial growth. ✓India India is one of those territories that holds a lot of potential for offshore casino operators despite gambling being illegal in the country. The reason for this is their lack of clarity in formulating their laws. India’s Public Gambling Act (1867) and Prize Competition Act (1955) in no way address online gambling due to the era in which they were composed. Despite this, they are still the applicable gambling laws in the country. The government did write the Information Technology Act of 2000 into law however this fails to define either gambling or online gambling and does not specifically address whether games of chance or games of skill are legal or illegal. With a growing middle class, large scale internet penetration (specifically amongst mobile users) and a population of 1.3 billion adults (over 18 years of age) India is one of the hottest online gambling markets in the world. ✓Japan Historically gambling in Japan has been frowned upon as it was seen as a wasteful way to risk hard-earned money or property. However, in 2018 the government approved a change in the local laws which would allow for the development of three integrated casino resorts (IR). The recent plans to break ground on the first IR in Yokohama later this year came to a grinding halt when anti-casino mayoral candidate Takeharu Yamanaka won the election. However, there are still four other cities, Tokyo, Nagasaki, Osaka, and Wakayama, which are open to being the first casino resort in Japan. While it is early days for casino gambling in Japan the legalisation of a once-banned activity is a massive step in the right direction. And with casino operators such as Melco Resorts and Entertainment, Sega Sammy Holdings Inc, Shotoku Corp, and Genting, Singapore Ltd pushing the development ahead we are hopeful for the inclusion of an online casino app in their roadmap. ✓Vietnam Following Japan’s lead 2018 also saw Vietnam unexpectedly legalise betting on greyhound and horse races, begin accepting bets on soccer matches and open several land-based casinos to serve foreign visitors. The country is also currently testing the viability of allowing locals to gamble in these casinos given that they meet certain criteria such as a minimum income threshold. Given the country’s history of severely restricting gambling and punishing those who contravene its laws, this is a major breakthrough for the industry in Vietnam. While there is no specific intention to address online gambling in the immediate future, we are hopeful that the local gambling authority will view online and mobile casinos as a natural technological extension of its land-based casino development. Here Be Dragons There are several Asian territories where online gambling in any form is simply not looking to make any headway. These regions include: China Taiwan South Korea Malaysia These bastions of human rights and freedom are known to take punitive measures against citizens who gamble either online or offline, including prison time, heavy fines and even blacklisting at local financial institutions. Cryptocurrency and Gambling in Asia One of the game-changing new technologies for online gambling in restrictive Asian markets has the development and adoption of cryptocurrencies. When it comes to gambling with Bitcoin these casino fans finally have a way to get around the local government policies that block their ability to make deposits or request withdrawals when playing online. However, it is not only the those looking to circumvent local gambling regulation who are looking to Bitcoin and its peers. Asian markets that offer legal online gambling are considering the adoption of cryptocurrencies to reduce costs, offer safer and more secure gambling transactions and appeal to foreign gamblers once they leave the country and head home. It is expected that markets like the Philippines who have such an active eCommerce market could lead the way in gambling with crypto as local users begin to adopt altcoins and stable coins for daily online purchases. Where To From Here? While the road to a fully licensed and regulated Asian gambling market is a long and bumpy one there are some amazing developments with once hard locked regions opening their doors to casinos – even if only for foreign passport holders. Yet as these regions become comfortable with the idea of gambling, can prove that it does not undermine the fabric of their culture, and begins to add to the government’s coffers, there is hope for adoption to speed up. The more Asian countries become pro-gambling, the more opportunities it presents for online gambling to take hold and flourish.
Casinos have been around since the 17th century. During that time, we've seen them develop into some of the most stunning and luxurious places in the world, as well as some of the most bizarre! What are the boldest, the oldest and the biggest casinos in the world? Which are the casinos you really need to see before you die? Keep reading as we take a look at some of the most spectacular casinos ever built. The Biggest Casinos in the World What is the largest casino in the United States? What about Europe? Is the biggest casino to be found in Vegas? Here are some of the biggest casinos in the world. WinStar World Casino, Oklahoma If you guessed that the world's largest casino was in the US, you were right. If you guessed it was a Vegas, you were very wrong. The largest casino in the world is the WinStar World Casino in Oklahoma. Coming in at around 600,000 square feet of gaming space, this mega-casino has eight gaming areas, seventeen restaurants, a 7,000 seater Colosseum, and more than 7,000 gaming machines. What is the largest Indian casino? Well, it's this one. That's right, the largest casino in the world is owned by the Chickasaw Nation. MGM Grand, Las Vegas What is the biggest casino in Vegas? That honor goes to the MGM Grand. At 170,000 square feet of gaming space, this enormous casino is still less than a third of the size of the Winstar World Casino. That still doesn't stop it from being one of the most popular and recognizable casinos in the world. Expect to find around 3,000 slots, 200 table games, poker rooms, fifteen restaurants, and two theatres. It certainly lives up to it's Grand title. Venetian Macau, Macau What is the largest casino in Asia? That prize goes to the Venetian in Macau, which has a floor area of over 500,000 square feet. Macau is a former Portuguese colony and now a special administrative region of China, and it is home to some of the most impressive casinos in the world. In fact, the highest-grossing casino in the world is the Galaxy Macau which turned over nearly $6 billion in 2014. The Venetian Macau may not make the most money, but it certainly boasts the most floor space. The Oldest Casinos in the World Unsurprisingly, many of the biggest casinos in the world are fairly new. But what is the oldest casino in the world? We'll take a look at some of the oldest casinos out there. Casino di Venezia, Italy Casinos have been around since before the US was formed, so it's no big surprise that the first casino was in Europe. Where in Europe is the world's oldest casino? The answer is Italy. The Casino di Venezia sits on the grand canal in Venice, one of the most beautiful cities in the world. When was the first casino invented? Incredibly it opened in 1638, five years before Isaac Newton was born and only eighteen years after the Mayflower first landed at Plymouth Harbor. Who made the first casino? It was originally set up as a theatre with a separate area for gambling in the intermission. The gambling proved more popular than the shows, however, and by the 18th century, there were more than 100 casinos in Venice. The casino stopped operating for many years but was reopened in the 1960s and could claim possibly the boldest marketing ever done by a casino. The entire baggage carousel at Marco Polo airport in Venice was turned into a giant roulette wheel. The casino said the stunt saw visits rise by 60% making it one of their most effective ads. Kurhaus of Baden-Baden, Germany The Casino di Venezia may be the oldest casino, but it hasn't been operating continuously during that time, having only moved to its current location in the 1950s. If you're looking for the oldest continually-operating casino, then its the Kurhaus of Baden-Baden in Germany. The casino was completed in 1824 and has been running ever since. When gambling was banned in France in the 1830s, things began to really take off. The casino was visited by the author Fyodor Dostoevsky and was the inspiration for his novel The Gambler. The Boldest Casinos in the World There are some truly weird and wonderful casinos out there. What's the most provocative casino? What is the craziest casino design? Read on as we look at some of the boldest casinos in the world. The Venetian, Las Vegas What is the boldest casino theme? Well, how about recreating the canals of Venice, Italy? The Venetian in Las Vegas does exactly that. It includes replicas of famous Venetian landmarks, including the Rialto Bridge, the Piazza San Marco, and the Palazzo Ducale. You can even take a gondola ride along those famous canals. The Bellagio, Las Vegas What is the most innovative casino? That's hard to say; it depends on whether you mean innovation in gaming technology or innovative design. Regardless, we couldn't have a list of the great casinos without including The Bellagio. The go-to casino for many a Hollywood movie, this casino is based on another region of Italy: Lake Como. It features an eight-acre lake that contains the casino's most innovative feature: the Fountains of Bellagio. This enormous water feature is the centrepiece of incredible performances featuring light and sound that take place throughout the day and are visible from the Strip. When it was built, it was the largest fountain in the world. Ready to Learn More? If this list of the oldest, boldest and biggest casinos in the world has whetted your appetite, then you're in the right place. Our site is devoted to bringing you information about everything related to online gambling. Whether you're looking for tips and tricks to increase your chances of winning, or reviews of bonuses and online casinos, you'll find everything you need is just a click away. Our aim is to offer trustworthy and reliable information to help you with your online gambling journey. Why not join the GamblersPick community today?
Have you noticed those adorable cat figurines waving at you in your local Asian restaurant or supermarket? Did you know the cat has a name and a long, interesting history? In Japanese, these cats are called Maneki-Neko, or "beckoning cat." They're often associated with hospitality and fortune, but there's more to the story than that. Would you like to learn more about this Japanese lucky cat and how it can improve your luck? Read on! The Story of Maneki-Neko The history of Maneki-Neko dates back to the 18th- and 19th-century Edo period in Japan. Legend has it that a wealthy lord named Ii Naotaka got caught in a violent thunderstorm. He saw a cat beckoning to him from a nearby temple and quickly moved into the temple from beneath a tree. Seconds later, a bolt of lightning hit the tree he'd been standing under! Moved with gratitude, the Lord Ii befriended the cat and the temple priests, sharing his fortune and prosperity. Other versions of the story feature an old shopkeeper or a Samurai warrior, but the moral of the story is always the same—a cat that brings good luck. Maneki-Neko Today The legend of Maneki-Neko spread and became popular in China, Thailand, and other Asian countries. It's also known by names like Lucky Cat, Welcoming Cat, and Waving Cat. Today the cat is a common sight in restaurants, hotels, markets, and private homes. If you're a Pokemon fan, you'll also be interested to learn that the Meowth character is based on Maneki-Neko. Variations of the Japanese Lucky Cat Traditionally, Maneki-Neko is a calico cat waving its left paw, but there are many cultural variations. 1. Paws A waving left paw is a sign of welcome for visitors and customers. A waving right paw is thought to invite money and luck into the home or business. If you see a Maneki-Neko with two raised paws, it's both very welcoming and very lucky! 2. Colors A white cat symbolizes happiness and good things to come, while black cats ward off evil spirits. A gold cat (not surprisingly) is connected to wealth and prosperity. There's also a green cat for good health and a red cat for success in romantic relationships. 3. Lucky Items You might occasionally see a lucky cat holding: a coin a fish a mallet (small hammer) a marble a gem a radish or gourd In Asian cultures, each of these items is associated with fortune and good luck. Do you see the common theme here? Japan's Neko Cat: Will It Help Your Luck? We may not know the exact story behind Maneki-Neko's origins, but we do know that the cat has a deep connection with luck. From saving ancient Japanese lords to greeting you at your favorite Chinese restaurant, Maneki-Neko has a rich and fascinating history. So the next time you see one waving at you, now you'll know why! How has your luck been at the casino lately? Could a Neko cat of your own help to turn your luck around? Invest in your own Maneki-Neko and then play of Maneki-Neko slots games, we covered all the best video slots themed with this lucky cat.