Online Casino Gambling in Asia

The concept of online casino gambling had actually began in the islands of Caribbean. It was in 1994 when Antilles Island became the catalyst for the industry of online gambling. It was also on that same year when Antigua, an island located in the West Indies, voted in favor of a bill that will regulate licenses for Internet gambling. Looking back at its origins, you can merely see how online gambling has popularized. And now, those casino sites have been around for along period of time, providing you with the best online gambling experience.

Perhaps one of the areas wherein online casinos have been widely opened is in Asia. Since 900 A.D, Asians have been heavily attached to recreational activities. In fact early Chinese is believed to be the first people who invented playing cards. Aside from having a great passion for gambling, Asians were also equipped with skills that works well in casino table games. They are as well one of the fast-developing markets for internet gambling.

Online casino gambling in Asia has been the hottest topic for industry experts nowadays. They even concluded that the region is the best place for online gambling developments in the present and in the future.

Basically, the development of online gambling in Asia started when the first Asian online casino was introduced in year 2000. However, a series of dilemmas have been encountered before the Asians achieved a fully-developed market. This is probably because some professionals in the industry is heavily restricting the implementation of the said concept. But this didn’t make the Asians hopes down. They even strengthened their aim to make online gambling a regulated activity to prove the government that prohibiting their plans will make no good at all.

As online casinos brought more interest to Asian people, a few casino games were being offered as an online game. Like in China wherein their 4,000 year old card game, Mahjong, is now being played in some online casino sites. And although internet gambling is not fully legalized, Chinese Mahjong players can’t help themselves from entering in sites that offer this ancient game. Moreover, another Asian country that is hardly benefiting from online casino gambling is Japan. Japan is currently under an economical crisis. As supported by the Liberal Democratic Party, the country is looking for effective ways on how to lessen their financial problems. And as a result their government is expecting online casino operators to help them in this dilemma.

Many Asian countries today are tending to adopt a Western theme for their areas. In fact, Philippines and Macau are being called as the ‘Oriental Monte Carlos’ and ‘Little Vegas’.

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Gambling in the 21st Century

Gambling in the 21st century gives the gamer more options than ever before. The online casinos just keep growing in number, and there has never been so much choice! Online gambling allows you to participate in sports betting as well as play any table game, slot machine, card game, dice game, or random number game imaginable. Land based casinos are of course limited in the number of games that they are able to offer to the public. There is not enough room in even the largest casino in the world to house the huge variety of games that are available to play online.

Online gambling has changed many people’s minds about gambling. Instead of associating an evening of gambling with time spent in a smoky, loud casino, nowadays those in the mood for a little gaming fun know they can enjoy themselves even more at home. Anywhere you can take your computer and access a wireless Internet connection can become an online casino.

The 21st century has also ushered in what is known as mobile gambling. Mobile gambling is usually done on a cell phone equipped to access the Internet. More and more of the online casinos are offering the mobile option, as the demand for this type of online gambling is growing in popularity. Mobile gambling is ideal more those gaming fans that are on the move constantly. Imagine sitting in a busy airport waiting for your flight, and having the ability to play blackjack or craps without having to bring your laptop computer along!

Some gamers choose which game they want to play based on the bonuses and promotional offers that are often found at the land-based casinos they frequent. Online gambling in the 21st century offers better promotions, bigger bonuses, and more of them than possibly any land based casino in the world. The bonuses at online casinos translate into some serious money, and serious gamers as well as newbies are flocking to take advantage of them.

Another great thing about gambling in the 21st century is that you are not limited to just a handful of casinos. Before online gambling became popular, people did not have the option of choice. If they wanted to enjoy gambling, they had to travel to the nearest land-based casino. Some folks were lucky enough to have a casino that was close enough to their home so that they were able to reach it by car or by some form of public transportation. These gamers could enjoy the fun of gambling much more often than those who had to travel via plane to reach a land-based casino.

While everyone should experience the ambiance and excitement of a large, active casino at least once in his or her lives, the truth is that not everyone will be able to do so. Transportation costs are higher than ever, and some people are unable to leave their responsibilities at work or at home in order to take a day or two off to go away and gamble. Since the advent of online gambling, this is no longer a problem for any of these people. They are able to enjoy the fun of gambling without leaving home to do so.

Gambling is hotter than ever thanks to the massive growth of online casinos and online sports betting. Those who are new to the sport of gambling can try it out online for free at many of the large online casinos available. This is a wonderful method of experiencing the pleasure and fun of online gambling before using actual money to make a wager.

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Online Gambling in Atlantic City

For better or for worse, online gambling is coming to New Jersey.

In late February, Chris Christie officially signed into law a bill that legalized internet gambling in Atlantic City.

Initially the bill was vetoed by the Governor because of issues surrounding transparency and taxes. Lawmakers adjusted the text and the amended bill passed by an overwhelming majority in the legislature and earned Christie’s seal of approval.

Here are the basics of the bill:

– Casinos located in Atlantic City will be able to apply for a license to offer online gambling. Only the twelve official Atlantic City casinos will be eligible for the license. No other organizations can offer internet gambling, and face stiff fines if they do. All facilities used for the operation of internet gambling must be located within city limits; only bets that are received by a server in Atlantic City will be legal.

– Players must be “physically present” in New Jersey to place wagers. In the future, New Jersey may develop agreements with other states where internet gambling is legal to permit out-of-state gambling. The casino’s equipment must verify players’ locations before accepting wagers.

– Any games available to play in the casinos can be played online. (For comparison, Nevada only allows poker.) As of now, sports betting will not be protected by this bill, although the state of New Jersey is trying to fight the federal statute barring the legalization of sports betting.

– The bill has all kinds of provisions to keep gambling addiction at bay, such as requiring the prominent display of the 1-800-GAMBLER hotline number, a way to set maximum bets and losses over a certain period of time, and tracking player losses to identify and limit users who may demonstrate addictive gambling behavior.

– Revenue from online gambling will carry a 15% tax. The Christie administration states that about $180 million in revenue for the state will be generated from this tax, but some analysts think this number is seriously overestimated.

The official regulations, which the bill required the Division of Gaming Enforcement to produce, were released on June 3, and are subject to a “public comment period” until August 2 before being finalized. These rules include details such as how a casino acquires the appropriate licenses and procedures for maintaining network security on gambling sites.

So, will online gambling actually benefit the state?

The Good

Revenues from Atlantic City casinos have been on the decline for the past seven years, and online gambling could be what saves the failing casinos. Since 2006, casino revenue has dropped from $5.2 billion to around $3 billion. Online gambling could be a $500 million to $1 billion industry in New Jersey, which may be enough to keep struggling casinos afloat and save jobs in Atlantic City. Further, even though estimates of tax revenue are all over the map, there is potential for online gambling to be a considerably valuable source of money for the state. The casinos will also have to pay a tax to the Casino Reinvestment Development Authority, which will provide further assistance to struggling casinos in Atlantic City.

For the player, low overhead costs mean better prizes and more opportunities to play. Casinos can incent players with free “chips” that have minimal costs for them but give players more opportunities to play and win. The convenience of gambling online allows players to play more with less travel.

BAD:

One of the goals of the bill is supposedly to attract more people to visit the brick-and-mortar casinos, but it is hard to say if online gambling will actually lead to this outcome. One could speculate it could even cause people to go to the casinos less (However, this seems unlikely; the social element and the free drinks are lost in online gambling. Also, research indicates that, at least with poker, internet gaming does not reduce casino gaming.) Advertising for the host casino will be allowed on the online gambling sites, which could possibly encourage people to visit the casino but could also be annoying for players.

Online gambling could be seriously devastating for people who have gambling addictions, or even cause people to develop them, raising financial and moral concerns. Even with all the preventative steps the bill requires, it will definitely be much harder to cut off compulsive gamblers if they can place bets anywhere with an internet connection.

Regardless, it is going to be a while before the casinos can actually kick off their online gambling offerings. The regulations need to be finalized and casinos need to apply for licensure and develop their gambling websites. This means the casinos will not be enjoying this new source of revenue during the 2013 summer season, which could be Atlantic City’s toughest season ever following recovery from Hurricane Sandy.

New Jersey has placed its bets, but only time will tell if online gambling will be a jackpot or a bust.

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