Understanding the Differences in Gambling Laws Throughout Asia
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Gambling is a popular pastime in Asia. Over 51% of the world's population participate in some form of gambling. The gambling industry is worth $449.3 billion globally and is expected to grow to $565.4 billion by 2022. Many countries are looking into legalizing more gambling to capitalize on this growing market.
Gambling for money in Japan has always been illegal. It was made illegal in 1907. Today, if a person is caught gambling, they would have to pay a fine and if they continue to do so, or are running a casino, may face prison time. There are many illegal gambling sites on the internet. However, there are also some legal ones.
Gambling in China has been illegal since 1949. In Macau, it has become the gambling hub of Asia. There are 41 casinos in Macaus. Online gambling is frowned upon in the Macao. Gambling is illegal in Hong Kong since 1891.
Gambling in the Philippines is legal if a person were to gamble at one of the 42 authorized land-based casinos. These casinos are free to visit for tourists and residents. Online casinos in Philippines are not allowed for residents, but it is OK for offshore users.
Singapore has two casinos. Residents need to pay an entrance fee to prevent an addiction to gambling. The fee has been increased by 50%. Online gambling is illegal in the country.
