Asian Gambling Market Considered Worldwide Leader

16 November 2013

Thanks to millions of Chinese gamblers, the Asian gaming market has succeeded in becoming the epicenter of the worldwide gambling industry. Chinese lottery revenue figures recently revealed by the Ministry of Finance unveil the immense success of gambling activities in the region, with lottery sales that hit no less than 251.6 billion yuan ($41.2 billion) during the first ten months of the current year.

 The lottery industry in the country increased by a whopping 19.2 percent compared to the same period of time last year. The ministry added that the increase in revenues was made possible due to several promotions offered by Chinese operators, including new lottery products going on sale or promotions on quiz-style games. Lottery operators collected 27.18 billion yuan from sales in October, a 26.2 percent increase compared to the same month last year.

The lottery is not the only Chinese gambling activity which generates record revenues yearly. The region of Macau in China has also succeeded in becoming the most profitable gaming hub in the world, managing to collect revenue last year six times larger than that of Las Vegas. Macau is the only region in China where casino gambling activities are allowed, but eight unregulated casino boats also leaving from Hong Kong every night to welcome gaming enthusiasts aboard. These casino boats sail on international waters and a room onboard is three times cheaper than a hotel room in Macau. If China will allow online gambling in the near future, operators who will start an online casino in the region will most surely hit the jackpot.

16 November 2013

Top Articles

23 February 2024

As a casino operator, you're always looking for ways to keep your players engaged and loyal. Enter gamification: a strategy that brings the engaging elements of video games into the online casino world. Think of it like...

25 October 2023

In the ever-evolving landscape of online gaming and entertainment, the demand for innovative and captivating sweepstakes social casino solutions continues to grow. While the United States has witnessed a burgeoning interest...

1 February 2023

Creating an online casino and starting a business in the iGaming industry is a great option for entrepreneurs who are interested in making a successful investment. The constantly-growing casino market is tempting, mostly...

21 June 2020

What is a payout percentage? Return to player or payout represents the percentage of the total bet amount that the casino has returned to the players, as wins. The value displayed on our website and inside our games...

10 February 2018

The first step towards starting an online casino which operates with real money is obtaining an online casino license. The products that we sell might require a casino/gambling license depending on the jurisdiction in which...

26 January 2018

Being considered just a virtual-world currency and not being legally recognized as a real money currency by any state in the world is the biggest advantage of Bitcoin. Using it as a currency for your casino and accepting...

20 May 2011

Guide about how to start your online casino website now Using our products, you get the opportunity to start your online casino website in 24 hours, without having to pay any monthly fees (you get to keep 100% of...