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Asian gambling Revenues Rising 15 percent a year
02/25/2012 : ASIAN ONLINE GAMBLING GROWS
Revenues rise around 15 percent per annum in the East
According to reports on the Asia News Network, the increased use of smart phones is contributing to an impressive growth in online gambling in the region, estimated by consultants like GBGC at 15 percent per annum....and that does not include numbers from unlicensed operators.
The new communication technologies have widened access to online casinos by a growing number of younger punters comfortable with mobile devices and the internet, and the numbers of PC gamblers are also rising.
GBGC estimates that licensed operators generated revenues of US$357.2 million from punters in 2011. The year before, the figure was US$312.49 million, and in 2009, it was US$271.58 million. Estimates are that illegal operators made up to US$110 million.
The Acting Minister for Community Development, Youth and Sports (MCYS) in Singapore, Chan Chun Sing, labeled online gambling as 'an emerging concern' in an address in Singapore last week, saying that there were worries about the difficulties in tackling online gambling and its possible impact on compulsive gamblers.
A recent National Council on Problem Gambling survey, conducted on a sample of 3 315 Singapore residents aged over 18 years, found that online gamblers exhibited the least self-control.
Up to a third of respondents said they gambled longer than they planned, bet more than they had intended and turned to gambling more often than they should.
Only 13 percent of respondents felt the same way playing jackpot at local clubs, and only 21 percent felt that way when they bet on horses.
A spokesman for the Community Development, Youth and Sports Ministry said Friday the fact that online gambling does not take place at a physical site makes it more difficult to implement social safeguards effectively.
ANN reports that sites popular with gamblers include Betfair and Ladbrokes, where punters log in using credit cards to place bets on sports, casino games and poker.
However, industry insiders say that many unlicensed sites let punters join in without having to fork out cash or to authorise a credit card deduction upfront. Local bookies give punters - accepted only on recommendation through trusted contacts - free credit, a code and a website where they can place their bets. Wins and losses are settled face-to-face with the bookie or through bank transfers some days later.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
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?
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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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