The Growth of The Asian Online Betting Industry

May 16, 2022 India Emerging Markets Industry Updates

Asia happens to be a topic of interest for gambling operators and other keynote industry players. This region which boasts most of the developed economies is home to about 60% of the world’s population. Additionally, the region has been witnessing a lightning-fast-paced adoption of digital technologies.

While Asia is a continent full of opportunities for the online gambling sectors, most of its conservative governments create a challenge for operators interested in venturing into the highly profitable market.

The Asian market has been attracting operators with its untapped potential, but the restrictive gambling regulations adopted by some of the states make it difficult for foreign and domestic operators to launch business.

That notwithstanding, there has been a growing trend towards legalization and an upsurge of online gambling sites in the region. If you are looking for a reputable online casino in the region, you can discover casino online Asia here.

The Hong Kong Market

We all understand that Hong Kong is a special administrative jurisdiction of conservative China that enjoys a great degree of autonomy. While gambling is legal in the region, it’s strictly regulated and all forms of betting remain a monopoly of the Hong Kong Jockey Club.

Casino gambling is restricted to a handful of sanctioned cruise ships, but these ships are only allowed to run operations outside the island’s territorial waters. Online casino operations are not allowed in Hong Kong, and the government has a track record of taking strict actions against black market operators.

Indian Market

Being a federation, the Indian betting market is dependent on individual state regulations. Gambling has long been legal in states such as Goa, Daman and Diu, and Sikkim. In Goa, land-based gambling is reserved for offshore ship operators who must seek prior approval from the local government.

Land-based horse racing and sports betting are not permitted at the federal level. Poker betting is legal in India because it is considered a game of skill.