Gambling is not a new activity in many countries in Asia.
Despite the fact that there are a few countries on this continent where gambling is completely illegal, there are many countries where gambling was practiced for many centuries. So, it is no surprise why Asian online casinos are on the rise in the last few years.
What’s interesting is that 6 out of 10 people in the world live in Asia and just 2 out of 10 online casino players come from this continent. This means that there is a great potential for online casinos planning on expanding their operations there.
From the Philippines to Macau and from Hong Kong to Taiwan, the online gambling activities are increasing on a daily basis. As we already mentioned, there are still many countries in Asia where gambling is illegal like Indonesia or Pakistan. However, in many of these countries, online gambling is tolerated. In other words, you may not find a classic land-based casino, but you can freely place bets in online casinos.
In the last 5 years, Asian online casino industry has been witnessing steady growth. This market has multiplied a few times in the past decade and what’s interesting is that this expansion is increasing rapidly.
What makes online casinos so popular in Asia?
Millions of dollars are invested on sports betting, casino games and other gambling activities in Asia. There are a few reasons why we are witnessing such growth in this market in the last few years. First of all, more and more people are getting access to the Internet in these countries. We are talking about fast, broadband Internet that promises stable connections. This is necessary for a smooth gaming experience on any website.
Next, the authorities in many countries are becoming more liberal when it comes to gambling. This means that they are letting players use foreign betting sites, but they are also encouraging local businesses to open their websites without restrictions. It seems that many governments have realized that gambling can be a great source of income.
As we all know, the Asian economy is getting stronger. In other words, the people who live there have a better purchasing power which leaves them money to get involved in activities like gambling too. Categories of people that were not thinking about such activities a few years ago are now active players.
The rise of mobile casinos is contributing to the popularity of online gambling too. Namely, Asia is the world’s leading continent in the number of mobile users. It seems that almost every adult person in this region has a smartphone and/or a tablet. Modern online casinos have created mobile versions which allow a seamless experience for users. Some of them are developing special apps that provide more features to the users while others are offering only in-browser gaming opportunities.
In addition, the period when the Asian online casino industry was suffering due to scammers and shady casinos is almost gone. There are many specialized websites like https://toponlinecasino.com.ph/ where potential players from Asia can find useful information. For instance, this website called Top Online Casino has detailed reviews of the most popular and reliable online casinos that accept Asian players. It also offers reviews of the games offered in these casinos allowing players to make better-informed decisions. In addition, websites like this one provide information about casino related news, promotions, bonuses and more.
There is no doubt that the interest in online casinos will grow in the near future too. But, there is one thing that may slow down this incredible growth. Namely, in many cases, the national jurisdictions don’t have specific rules related to online gambling activities. The tendency in most of the Asian countries is to avoid this problem by passing new laws. As expected, these laws and regulations are more restrictive. For instance, they are asking for higher taxes or they are charging active players for their activities. In some countries, foreign operators are restricted and players have to use domestic gambling websites. It’s difficult to say where these changes will lead this industry, but many experts agree that there will be significantly more players in the next few years.