Fun Gambling Facts In Asia
Most Asian families have a certain where gambling stands. One is the belief that gambling is nominally terrible. On the other hand, the other side embraces it as part of the culture. But gambling, in many forms, has been around for a long time.
Several modern games are based on games from hundreds of years ago. Some may claim that gambling is part of Asian culture, but that is exactly why we are here to debunk it.
Philippines
Source: cnn.com
Online baccarat – a good game. But do Asians find it fun? It is highly likely! A recent UCLA study suggests that gambling does indeed have roots in Asian culture. It is the Chinese, in particular, that hold certain beliefs. These beliefs tie back to luck, fate, and chance — concepts that many Filipinos, given China’s strong historical influence in the Philippines, also live by, and thus explain their gambling ways.
In 1999, a SWS survey – short for Social Weather Stations- indicated the moral attitude of Filipinos did not influence gambling behavior. Many, 63 percent, stated that gambling was bad even for small bets and when done only for a short time.
Most would see gambling as a form of entertainment and one that is “harmless” – ironically, considering that the amounts they’ve already lost to wagering haven’t cost them a fortune. There were 64 percent who admitted that they had engaged in a form of gambling during the past twelve (12) months.
According to Castell and Tanchuco, such money would be better for more productive pursuits like savings.
However, the plot and story thickens in the Philippines.
The country is a valuable foothold where you can set up a gaming license. The gaming industry in the Philippines has attracted scores of foreign online companies over the last decade to set up servers aimed at overseas punters and allured investments of billions of dollars in casino resorts. According to Asia Gaming Brief, it is expected to be the fastest-growing gaming territory in Asia. The market is predicted to reach $2.7 billion in 2015, from $2.05 billion registered in 2014.
China
Source: news.worldcasinodirectory.com
China has a large population. It should not be a surprise, however, that China has many cultural ties to gambling. In China, particularly, Tencent had an estimated 13 percent of the global $99 billion game business in 2016. This means the company had much room for major growth in the industry’s future.
In 2016, the decline in Macau stabilized. Two-thirds of the gambling revenue in Macau is rooted in junket operators that bring VIP clients, mainly from China. It is also known as a gaming mecca and can hold up a candle to Las Vegas due to its prosperity as a gaming venue.
Taiwan
Source: oyeyeah.com
The sentiment in Taiwan with gambling is mixed. Strict laws regulate gambling in Taiwan. Another reason is that tourism in Taiwan is also linked to gambling. The government is determining if tourism revenue will increase with gambling venues.
However, the Taiwan Sports Lottery is legal. Bettors, however, prefer online gambling websites since they have more offerings and better odds.
Wrapping Up
There is great gaming potential in Asia. However, differing attitudes and other factors can make or break how well gambling is received there. Nonetheless, some spots show a lot of promise.
Check out Online Casino Reviews for more information.
