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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.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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