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 Casino News |
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 17/09/2006
Online Casino at Asia's Doorsteps
The people's republic of China, known for strongly opposing online casino and gambling, is thought to reconsider the issue of legalizing online casino. Tony Tong, CEO of Pacific Net which sells Baccarat machines, claims that the Chinese government is looking at licensing online casinos to establish themselves in Macaus, already a casino capital, now expanding to the online casino industry as well. The Chinese government is said to have been taking hefty taxes from the gambling industry, close to 40 percent on the house winnings of the little casino capital of Macau.
If Tongs predictions are true, than there will be a lot more tax for the taking and online casino may help Chinese government's revenue as the online casino industry is growingly interested in advancing towards the Asian market. GiaMedia, A Taiwanese group which bought a Canadian online casino company and sell games software is also one of these companies hoping to enter the Asian market. Their FunTown site already claims to be the largest Mahjong site in the world, where players enjoy this Chinese game in an online casino version, playing for points and prizes.
Tong gives further information on the Asian gamblers, claiming that the Asian online casino gambler does not enjoy random number generators. Instead they prefer the live dealer aspect dealing five hands provided through video over the internet. Some little changes may be in place but it's quite safe to say that the Online casino industry is likely to be very welcomed in China, where clearly the Asian market is interested and the government may benefit from the tax money brought in.
Source: OnlineCasinoReports.com
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