Slotegrator's new report gives an overview on Asian markets in 2021

Author: Live Casino Direct

Gambling is illegal in China, except for the two state-run lottery. Chinese nationals can gamble in Macau and Hong Kong. Maca is a former Portuguese colony. It has 41 casinos and millions of tourists. Online casinos are banned on the island. The local regulatory agency issued a public warning in 2015. The agency warned that online casinos were banned in the area in December 2015, but the ban was lifted in March 2016.

As India is a federation, gambling regulations are in the hands of individual states. Physical casinos are regulated in Goa, Sikkim, Daman and Diu, and offshore casinos have long been legal in Goan waters. Online gambling is not regulated on a federal level either. In 2018, the Law Commission of India submitted a recommendation to the government, suggesting a country-wide legalization of gambling and betting.

The Philippines have an interesting regulatory system. The control over gambling operations is shared between PAGCOR and Cagayan Economic Zone Authority. Online gambling operators are not allowed to offer their services within the country. It's not illegal for foreign operators to provide iGaming services to Filipino citizens. POGOs are an alternative to CEZA licenses.

Gambling in Japan has been prohibited for centuries, but in 2018 the country legalized casinos. In 2021, the newly-formed Japan Casino Regulatory Commission published regulations. Online gambling is banned in South Korea. Singapore gradually regulated the gambling industry in a similar manner. The only forms of gambling allowed in Singapore are the lottery and betting on horse racing and bullfighting. Illegal gambling websites targeting South Korean players get blacklisted and their bank transactions blocked. online gambling in Korea is outright banned. Land-based casinos are only open to foreign nationals.

Slotegrator's report gives an overview on Asian markets in 2021. Operators must hold authorized capital stock of at least PHP 15,000,00 and paid-up capital of PHP 3, 000,0000. They must also have a local agent to represent their interests in the Philippines.

Gambling is illegal in Taiwan since 1935. Venues in offshore islands were legalised in 2009, but none opened as of 2021. Malaysia allows brick-and-mortar establishments to offer their services to foreigners. The rise of player protection measures and potential value of the industry in terms of state revenues has opened the door to legalisation. For now, the liberalization is limited to the land-based industry and focused on tourism. COVID-19 will affect the legalization of online gambling markets. Slotegrator's report gives an overview on Asian markets in 2021 and gives a look at the potential growth of this market.