The gambling industry is a behemoth that is worth billions of dollars. While in many countries it is banned or severely limited, there are other places that have allowed it to operate. Many countries in Asia that needed an extra cash flow for their state wallets decided to allow casinos to start operating in this part of the world.
In the specific case of India, it is very easy to currently find an online casino in Indian rupees, with Parimatch being the best example of an establishment of this kind. However, a few years back online casinos didn’t even exist.
Right now Asia is the largest market in the world for many industries, including the gambling and casino one. However, its success was anything but guaranteed. Here we will make a brief summary of a fascinating story of how Asia went on to become a powerhouse for lots of casinos, both online and land-based.
The history of gambling in Asia dates thousands of years into the past
When thinking about the first casinos, or at least the first places where people used to gamble, probably people could think about the past century. Others could go back even further and list the middle ages. However, in order to find when gambling started in Asia it is necessary to go literally thousands of years in the past.
In those years, many families with their kids used to play many games based around gambling. This not only resulted in an early adoption of this action for the culture as a whole, but also allowed kids to understand concepts such as math and probability.
However, there is another concept that is part of the entire Asian culture. If we take a closer look at many religions and fates located in this part of the world, we would see that many of them have numerology, fate and luck as part of their core concepts. That’s why gambling behaviors were basically part of the Asian culture itself.
Now returning to more recent times, there are many reasons that encouraged gambling in this part of the world, they include things like:
- governments who needed funds for their national budgets;
- countries who were in need of becoming attractive for foreign tourists;
- and also offering a great experience to all travelers!
Currently it is illegal for casinos to operate in mainland China, for example. While local lotteries can operate perfectly fine, however they are heavily regulated, those who would like to install a casino like the ones that we know won’t be allowed. However, there is a viable option to access the Chinese market, because Hong Kong and Macau are allowed to have casinos of their own. In fact, Macau generates far more revenue from its casinos than what Las Vegas generates. In Hong Kong, while many international companies operate there and they generate most of the revenue for the territory, casinos are contributing growing amounts each year.
On the other hand, there are some countries that not only forbid gambling, but also the society in those places have a negative view towards gambling behavior. For example, in countries like South Korea or Japan, talking about casinos or gambling is generally not a good idea. However, the governments of those territories recently realized how many opportunities they could have if they opened up to gambling. That’s why now they are making their laws more flexible, and slowly but surely opening the doors for land-based and online establishments from all over the world to start operating there.