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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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Revolutionizing PM Recruitment: How ProsperCircle Leverages AI for Job Matching

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Job hunting can prove daunting in the field of product management (PM), which ranks as the fourth most popular US career, attracting thousands of highly qualified candidates. In this competitive field, many candidates increase their odds by harnessing the power of data.

 

ProsperCircle empowers PM job seekers with career opportunities that align with their individual skills, experience, and interests through a niche job search platform that provides personalized AI career coaching and interview practice specific to product management. Their development of a properietary reasoning engine tailored for automated PM interviews empowers candidates with a simulated interview experience, actionable feedback, and the confidence to excel in real-world scenarios by practicing real-world case questions.

 

How ProsperCircle’s AI coach matches candidates with the best available PM jobs

ProsperCircle leverages AI to provide improved job recommendations. The platform’s machine learning algorithms analyze vast amounts of job data, ensuring that candidates are matched with the most relevant jobs to give those seeking PM jobs a better experience with little to no search fatigue.

With ProsperCircle, AI algorithms take note of a job seeker’s work experience, education, skills, and preferred location. The system then analyzes the information against the platform’s job database to deliver personalized job listings tailored to the job seeker’s preferences.

Virtual interview methods today struggle to accurately assess candidates’ abilities, particularly for roles like PM that require nuanced decision-making. ProsperCircle’s reasoning engine fills this gap by offering a unique simulated interview experience tailored for PM roles. Unlike existing solutions, their platform provides candidates with real-world scenarios, allowing recruiters to evaluate their problem-solving and decision-making skills in a virtual environment.

“The old-fashioned way of finding a job was to scroll through hundreds of ads and pick out the ones that were a good fit for your interests and abilities,” says Salil Sethi, founder of ProsperCircle.com. “AI job matching changes the game by streamlining the process and giving you the time to concentrate on the most suitable PM job listings.”

ProsperCircle processes the information on job advertisements and candidates’ profiles to generate vector embeddings. These three-dimensional representations of data points record subtle details of thousands of job postings and the candidates’ complicated backgrounds, experiences, and preferences through a highly sophisticated approach beyond mere keyword matching.

“Our AI career coach starts by looking at your work experience, education, desired work environment, and goals,” explains Sethi. “The system then checks the vector embeddings of your profile against all available product management job listings to find highly relevant matches by analyzing each position’s necessary skills, duties, business culture, and opportunities for advancement. You get personalized employment suggestions based on in-depth analysis of your needs and the needs of each potential employer.”

With every interaction, ProsperCircle’s AI job coach gains knowledge by taking note of each candidate’s preferences as they apply for jobs, and then gives candidates feedback on suggestions to improve their search results. This ensures that future recommendations are better targeted and more successful.

How ProsperCircle’s AI coach helps PM job seekers improve their odds as they apply for job matches

ProsperCircle’s AI coach not only examines a PM candidate’s relevant information to suggest job listings but also utilizes AI to provide career advice.

First, ProsperCircle provides candidates with comprehensive insights into the current product management market with data analysis and metrics such as average salary, average time to hire, and the skills employers desire most. With this data, PM job candidates can better gauge their value in the market, pinpoint where to improve their skills, and plan to meet the changing demands of their field.

For example, a candidate interested in a digital product management role can access specific insights about the demand for these roles in different industries, the typical career trajectory, and the average time companies take to fill such positions. This level of detail empowers them to target applications and negotiate salaries more effectively.

ProsperCircle assigns each available job a competitiveness score. This score evaluates how competitive the selection process for each listing will be based on factors like the company’s reputation, required skills, or salary.

Next, the platform offers tips to improve candidates’ resumes and cover letters by prompting them to highlight relevant experience. It also recommends skills that candidates can acquire to improve their odds during the selection process.

Finally, ProsperCircle’s revolutionary AI interview coach is a game-changer. With the help of advanced reasoning engines, it mimics real-life interview situations, creates an immersive environment, and offers specific feedback to prepare candidates for success in actual interviews.

“A data-driven approach is becoming an absolute necessity in today’s cutthroat employment environment,” remarks Sethi. “It helps you find the right job and enables you to confidently chart a course for your professional future. By keeping PM professionals updated with market trends, salary benchmarks, and in-demand skills, we enable them to adapt their learning and career plans to meet the industry’s ever-evolving demands.”

The use of AI reimagines job search platforms and transforms the job search experience for candidates. Highly relevant job listings, personalized career advice, and immersive interview coaching have quickly made ProsperCircle the go-to platform for job seekers looking to advance their PM careers.

 

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