GLOBAL ONLINE GAMBLING NOT SLOWED BY BANS IN ASIA
This is a guest contribution by Julie Anderson is a writer for VegasMaster magazine.
Gambling is not legal across the globe. While this may not come as much of a surprise, as there is no one sole piece of legislation that covers gambling laws for the whole world, what may surprise some is how wildly laws can vary from one region to the next.
Furthermore, to make matters even more complicated, while most countries have their own local laws that are responsible for controlling relevant legal and regulatory issues, it is not uncommon for them to make only certain forms of gambling legal under certain circumstances or to make regular changes to their gambling legislations. This can be nothing short of confusing for visitors and residents of these countries.
One region of the world where gambling laws tend to be the strictest and can be incredibly different from one country to the next is Asia. For instance, all forms of land-based gambling may be legal in some regions, while they are entirely illegal in others, or, on the other hand, some countries may only permit specific types of betting. In essence, all countries in Asia are individually responsible for passing their own gambling laws.
Three examples of Asian regions with heavy restrictions on both land-based and online gambling are Hong Kong, Japan and Israel.
Hong Kong – Although not a country, Hong Kong is an example of an Asian region where there are strict gambling regulations. Poker and casino gambling is illegal at land-based establishments. However, betting on soccer (football) matches is legal. As for online gambling, with the exception of making legal bets on soccer (which can only be done via one government regulated website), casino and poker betting on the internet is prohibited.
Currently, there has been no move to legalize casino or poker gambling establishments in Hong Kong. That said, Hong Kong does have floating casinos, where gambling takes place on boats that travel into international waters.
Japan – Land-based and online casinos and poker rooms are illegal in Japan. However, some forms of land-based gambling and sports betting are legal, such as lottery, scratch cards, some horse racing, bicycle racing, auto races, powerboat racing, and soccer toto wagers on J-League. As for online betting, the only legal forms are bets on lottery, soccer toto, and public sports.
In the spring of this year, a bill was introduced to the country’s parliament to legalize casino gambling and open casino-based integrated resorts. Those in favor of the bill, including the country’s Prime Minister Shinzo Abe, see the legalization of casino gambling as key to the country’s economic growth. However, while lawmakers had hoped that this bill would pass before July or August, it still has not passed.
Israel– Like many other countries and regions in Asia, Israel allows certain types of gambling, and the gambling that is legal is highly regulated by the country’s government. For instance, standard casino style betting is not permitted, but it is well known that casinos operate on several cruise ships in some of the country’s major port cities. Israel does have a legal national lottery and some sports betting is permitted, as well. These legalized forms of gambling are regulated by two government organizations.
Online gambling is banned in Israel with the exception of the official sports betting systems and lottery that the government sanctions. However, local companies are not allowed to operate online gambling sites, and the government has even taken steps to prevent its residents from engaging in online gambling. That said, this hasn’t stopped citizens from accessing foreign gambling sites.
In addition, Israel’s Prime Minister Binyamin Netanyahu wants to put a casino in the city of Eilat, which would be the country’s first casino. Eilat is one of the cities in Israel that is home to the gambling cruises that travel into international waters.
With so many restrictions, what does this mean for the future of the global online gambling market?
According to the “Global Online Gambling and Betting Market 2015” report, the latest publication from yStats.com, a business intelligence company, online gambling is steadily increasing on a global scale, with many governments in favor of regulating online betting.
Of all the regions of the world, the largest regulated online gambling market exists in Europe. This is primarily due to the fact that many countries within the continent have established iGaming regulations. The number of European countries with regulated online gambling is set to increase, because countries, such as the Netherlands, will be adopting new internet gambling regulations. Meanwhile, in Russia, online gambling remains illegal, but a separate regime is forming for online gambling under a self-regulatory organization, and even online poker is also being considered.
As for the Asia-Pacific region, the report shows that legalization of online gambling is slow going. In fact, some governments, like Singapore’s, has actually gone to extensive lengths to limit internet betting, and all types of remote gambling were prohibited under new 2015 regulations. In countries like South Korea and China, there has been a crackdown on illegal internet betting sites, with many of these illegal operators being arrested.
As for the progress other countries are making in regard to online gambling, the USA now has three states where the practice is legal. In both Mexico and Brazil, new bills to regulate online gambling were put forward in the legislature, but have not yet been approved. South Africa, however, announced earlier this year that has no plans to make online gambling legal.
When all is said and done, in spite of internet gambling restrictions in many countries, the online gambling global market is predicted to maintain one-digit growth rates over the next four years, and is expected to achieve a medium-high, double digit number in billion Euros revenue, according to the report.