Overview of Asia online gambling
In Redplay2u’s report, Asia is at this moment the largest gambling market, but that is not really an unexpected fact, since inhabitants of Asia make up more than 60% of the world’s population.
Some tendencies in the global market for online gambling are also present on the Asian market, such as online evolution and the increasing trend in using mobile devices, like phones and tablets. And all these changes imply and involve technological measures in order to keep up with the mounting demand.
But the major changes that take place on the gambling scene appear in the regulatory spheres too, where every state needs to keep up with an already present phenomenon and needs to create rules and regulations accordingly.
As the online gambling market is experiencing a consistent growth with the mergence of new technologies and the increased accessibility of the Internet, it’s time to take a closer look at the fastest growing iGaming market – Asia.
Malaysia is a country with a 60% Muslim population, which is subject to the Sharia law that forbids gambling activities. This prohibition applies to both the local Muslim population, but also to Muslim tourists that visit the country. Still, there are legal forms of gambling that apply to Chinese minority (1/3 of the population) and tourists, which are not of Muslim faith.
Online gambling is possible by using overseas gambling websites, from Philippines and UK. To make things easier, players can transfer money online or at an ATM machine by bank transfer as many banks are available. The main gambling websites used by locals are licensed in Philippines and offer poker, casino games, sports, etc. and in Europe, which provide global coverage and a vast array of sports and casino games, like online slots, baccarat, blackjack, roulette or live casino and poker.
Gambling as a whole is banned in Singapore. Just recently, Singapore has blocked hundreds of offshore gambling sites and it has become a criminal offense to gamble online on an unauthorized site.
The new Remote Gambling Act, which came into effect this past October, prohibits gambling services, remote gambling service advertisements and remote gambling promotion and only allows online gambling services to be provided by local non-profit operators.
This new law came as a result of increased popularity of online gambling in the country and has resulted in many online gambling operators leaving the Singapore market.
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