At present, Asia has the biggest share of the gambling market. This is not a surprise considering 60 percent of the world population comes from the continent. As the region’s economy improves, there’s a substantial growth in the Asian region online betting industry.
Although the gambling sector is rapidly developing in the region, not all countries allow gambling. The activity is illegal in most Muslim countries. Also, some states provide locals with limited access to gambling.
Asia attracts gamblers from all over the globe due to several specialized gambling hubs in the continent. Some countries have gambling resorts that incorporate business and recreational centers with gambling facilities. Some of the gambling hotspots include Marina Bay Sands in Singapore and Galaxy in Macau.
Asian Region Online Betting
The only regions in China that you can gamble are Macau and Hong Kong. The former has 49 casinos and earns $28 billion a year. Macau doesn’t tax winnings, which is why it is a popular gambling destination in Asia.
Macau allows all types of gambling, including online sports wagering. Hong Kong has six gambling facilities, according to sportsbook pay per head reports. The Hong Kong Jockey club controls all the gambling in the territory.
According to PricePerPlayer Betting Software reports, gambling became legal in Singapore in 2006. It led to the opening of two casinos in the island nation. However, online betting is not allowed in the state.
If you want to be a bookie in Asia, consider starting the business in the Philippines. Although the government is strict in giving locals access to online gambling, it allows offshore companies to offer their online gambling services to foreigners.
Also, the Philippines is home to several gambling resorts, including the City of Dreams Manila, Solaire Resorts and Casino, and Resorts World Manila. The country’s gross gambling revenue is $3.5 billion in 2018.