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Asia Stock Market Looking At Online Gambling
Thursday October 3,2013 : ASIAN MARKETS ARE CONSIDERING ONLINE GAMBLING OPTIONS
Singapore and Thailand may be taking the first steps on the road to regulation.
The publication Gaming Asia reports that online gambling is appearing on the political agenda in Singapore and Thailand.
Singapore Second Minister for Home Affairs, S. Iswaran, recently announced that the government is studying measures to regulate online gambling, whilst a proposal to reform Thailand’s gambling laws to accommodate modern and pervasive genres like internet gambling has encountered heavy resistance but is still a live issue.
Gaming Asia quotes Global Betting and Gaming Consultants estimates that internet gambling in Singapore will grow from US$342 million in 2012 to US$519 million by 2017. Yet despite this strong growth, current gambling laws in the country make no specific mention of the online genre, creating an uncertain legal "grey" environment that needs to be addressed.
The Singapore government is approaching the issue in a cautious, professional manner, and has called for a study by year-end before moving forward.
Meanwhile a large number of offshore online casino and sports betting operators continue to access a very keen and willing market
In Thailand, gambling is restricted , with wagering only permitted through the state lottery or at the Royal Bangkok Sports Club in terms of a law passed in 1935.
The government of Prime Minister Yingluck Shinawatra proposed reforms in parliament two years ago, hoping to modernise and broaden the country's gambling laws, but various elements of its proposal have triggered stiff political opposition.
In the meantime, a massive underground gambling market - currently estimated to be worth around $3.3 billion - has developed to service growing public demand for betting opportunities.
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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