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An Overview of the Asian Gambling Market

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Asia is establishing itself as one of the leading gambling regions in the world, producing a substantial amount of global gambling revenue. Specifically, the Asia-Pacific region is presently the fastest-growing gambling market in the world. Asia’s rise in the gambling sphere is partially due to the continued improvement of many countries’ economies, new legislation allowing gambling in certain places, and Asian people’s access to online gambling since smartphones started to become widespread in their home countries.

However, only some Asian countries allow gambling activities. Gambling is often illegal in Muslim-majority countries. And in many Asian countries, regulatory authorities strictly control gambling. The most prominent gambling resorts throughout Asia, which see millions of visitors from around the world each year, are Wynn Macau and Galaxy Macau in Macau, Resorts World Sentosa and Marina Bay Sands in Singapore, and Casino Pride and Casino Royale in Goa.

Find out more about the three Asian countries that are leading the gambling market in the following overview.

India  

In India, gambling is only officially legal in the states of Sikkim and Goa and the district of Daman. Although in Nagaland state, it is possible to obtain a license to play online skill-based games. Indians in Nagaland can play a variety of online games, as long as the games involve a substantial amount of intellect and skill. A wide range of skill-based casino games can be played on this online casino website. Other than Nagaland, the online gambling situation is somewhat ambiguous. Most local governments do not license online gambling, but there is also no legal framework that prohibits online gambling. In practice, the confusion over the legality of online gambling means a large proportion of people in India do play games at online casinos. It is estimated that in 2017, the online gambling market in India was worth approximately $125 million.

Excluding online gambling, the latest statistics estimate the Indian gambling market was worth $75.7 million in 2015. But it is expected to be valued at around $10.2 billion by the year 2021. So, it is clear just how much the gambling market is rapidly increasing in India.

China

Apart from state-run lotteries, gambling is only legal in China in the Macau and Hong Kong regions. Known as the Vegas of the East, Macau’s 49 casinos currently bring in annual revenue of around $28 billion. That is more than three times as much as the 135 casinos in Las Vegas. In 2017, Macau’s gross gaming revenue from casinos rose by almost 20%, and in 2018, it grew by 35%. All types of gambling are permitted in Macau, but the legal status of online gambling is in limbo. At present, Macau authorities do not issue online gambling licenses. But they do not prohibit online gambling either. So, it is difficult to know how much revenue China receives from online gambling.

In Hong Kong, gambling is legal in several regulated outlets, including casinos. As for sports betting, the Hong Kong Jockey Club has a monopoly. It has the highest level of profits from horse racing in the world.

Singapore 

A law on partial gambling legalization was adopted in Singapore in 2006, allowing two casinos to open in the country. However, while foreign visitors can enter the casinos for free, local Singaporeans must pay a fee or buy an annual membership. But that has not deterred as many Singaporeans as the government had intended. Gambling revenues for Singapore surged quickly after the two casinos opened in 2010. In the first year of opening, the casinos had an estimated gross revenue of $6 billion. So, it looked like they would be joining the Macau casinos as the most popular and profitable in Asia. However, in 2019, the revenue of Singapore’s two casinos had dropped slightly to $5.9 billion. The reason for that seems to be primarily due to the emergence of competitive gambling markets in nearby countries.

As for online gambling, it is officially prohibited in Singapore. However, in 2016, two operators did manage to gain permission to run an online gambling business. The two operators do not have slots and table games, though. Their online gambling activities are limited to the lottery and sports betting.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

Bringing clean water – Christopher Kenny’s Preservation Earth Project

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Science plainly shows that a human can survive three weeks without food, yet most individuals cannot survive three to four days without water! Dehydration sets in, and the person will go into shock and become vegetative even if they continue to breathe. In other words, water is an essential requirement. A living thing cannot thrive without it. Nonetheless, it is a horrifying truth that billions of people worldwide lack access to safe drinking water. 

In developed countries, when everything from technology to luxury is available, receiving clean water at home is as ‘natural’ as breathing fresh air. Most individuals in advanced nations may not pay much attention to it, but this is not the case for the rest of the globe. Many countries continue to lack access to clean water sources or water appropriate for human use. Safe drinking water, sanitation, and hygiene at home should not be limited to the wealthy or those who live in cities. These are some of the most fundamental human health requirements, and all countries must ensure everyone has access to them.

The Preservation Earth Project (PEP) made its way to Tsaile, New Mexico. Over time, uranium mining, fracking, and pesticide abuse damaged the water supply, resulting in a high occurrence of numerous illnesses. Approximately 35% of the Navajo people do not have access to flowing water, and some must go to a remote location to fill barrels with water from a polluted local spring. 

There is no doubt that climate change is boosting storm strength. Recent natural catastrophes have heightened the need for groups to step up and give support, answers, and relief to individuals affected by such natural disasters. The Preservation Earth Project is a non-profit organization that provides support, education, and solutions to help society transition from fossil fuels to renewable energy.

A look back at Christoper Kenny’s life

Chris Kenny was born in Summit, New Jersey, on May 4, 1961. He was one of twelve children. In 1980, he received a B.A. in economics and finance from Warren Wilson College in Swannanoa, North Carolina. He also attended New York University, earning a commercial real estate management degree from the Schack Institute. Since 2018, he has served as the head of Strategy and E-trading at Hartfield, Titus, and Donnelly. Kenny started his career in the U.S. In 1985. He worked as a Treasury Bond Broker. He formerly worked at Bonds.com as the director of fixed income sales and technological development. His academic background is in business and finance. Chris is passionate about developing and promoting renewable energy, mainly when it is used to assist people in need. The potential to aid those in urgent demand as a result of a human-caused environmental or natural disaster is not just a philanthropic act but also a once-in-a-lifetime educational opportunity.

He used solar power on mobile platforms as a backup power source for emergencies, water purification, and water pumping.

His academic credentials are in business and finance. Chris is passionate about developing and promoting renewable energy, mainly when it is used to assist people in need. The potential to aid those in urgent need as a result of a human-caused environmental or natural disaster is not just a philanthropic act but also a once-in-a-lifetime educational opportunity. He has over 38 years of experience in finance as a salesperson, broker, trader, and investor.

Making clean water available to everyone

In 2012, Kenny founded The Preservation Earth Project, a 501(c)(3) non-profit organization. It provides assistance, education, and alternative energy solutions to help society shift to renewable energy. It was involved and aided Haiti several times after the 2010 earthquake, providing portable solar electricity for water purification and medical facilities. In 2020, the business devised a solution for the Navajos’ contaminated water source. They collaborated with engineers and local officials to build, produce, and install a solar-powered water filtration system for the Navajo people of Tsaile, New Mexico. Other activities have included providing portable solar power to the “Cajun Navy” for rescue and clean-up in areas devastated by the 2015-2021 hurricane season in Louisiana. 

The project designed, delivered, and installed a solar-powered filtration system that will provide clean drinking water to the local Navajo community 365 days a year for many years to come. Several more initiatives are in the works to provide safe drinking water to Native American communities on the Navajo Reservation.

President’s letters of gratitude

President Jimmy Carter sent Chris two heartfelt letters encouraging him to continue his charitable work. He suggested calling Habitat for Humanity and asking if they were interested in collaborating on a few projects. He and Kenny both helped out at the charity. 

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