With constant up-gradation and innovation in technology, online gambling is evolving. Digital casino games in various formats are keeping up with the trend of entertainment and gaming. Online gaming is gaining popularity and thriving, but many factors affect this sector like other business ventures. Online betting is a replica of traditional casino games with extra features. The most sought after games are slots, poker, roulette and sports betting. The Internet started transforming the lifestyle of people in the 1990s. From the first step, it was obvious that the internet will be the platform where gambling will occur.
Digital bookmakers are heading for steady profitability
Pok Deng (ป๊อกเด้ง) is a popular card game in Southeast Asia; two to seven players can play this game. The legal status of online gaming, for this reason, is an intricate issue. Online betting is totally prohibited in Cambodia, China, and South Korea; the list goes on. Bettors from mainland China bypass the legality process as they play from Hong Kong, also known as Las Vegas of Asia. The legal framework of the Philippines was many loopholes, which bettors use shrewdly. Many countries have the ambiguous legal position and can be subverted using a VPN connection. In countries like India, states have jurisdiction regarding territorial and online gambling. Each Indian state has a nuanced position on online betting.
Despite this discrepancy in the legal status of online betting, digital bookmakers are heading for steady profitability. The market capitalization of this sector was US$51 billion in 2018, and 70% of total revenue generated from online betting. The graph of online gambling in Southeast Asia is in an uptrend; the sector registered worth US$72 billion in 2019. Independent betting websites rule the gambling industry of this region. Many companies are registered in Malaysia, also operates in Singapore and Brunei. The companies are innovative, offers both mobile and desktop interface.
Many countries are showing love for gaming, and the grandiose domain of online betting in Southeast Asia is becoming more prominent. With the global trend, the Southeast Asia online gaming market is tremendously expanding. The popularity of online casino games in countries such as Vietnam, the Philippines and South Korea grew rapidly, making the region the fastest-growing casino market. But the pandemic covid-19 diminished the growth of this sector.
Macau is becoming the Mecca of gambling; it is a Special Administrative Region (SAR) in China. Macau is popping up as the largest casino destination because of the huge infrastructure and revenue it generates. The gross gambling revenue of this venue stands at a whopping $24 billion in 2019, compared to that of Las Vegas of $6billion. The gambling and casino industry is robust; this sector accounts for 80% of the regional economy. Paradoxically gambling is prohibited in mainland China, so the Chinese look for other places, including Southeast Asia countries and Macau. Singapore, the Philippines and Cambodia have benefited from Chinese gamblers.
As the pandemic progressed, preventive measures became more stringent, and offline gambling ceased for the time being. Some countries like Thailand and China have started easing travel restrictions, thus visiting southeast casinos more viable. Whether you want to visit Thailand or Macau, you can always play online Pok Deng from the comfort of home.