Arriving at Asia's Doorsteps

Published September 17, 2006 by OCR Editor

Arriving at Asia's Doorsteps

The People's Republic of China, known for strongly opposing online gambling, is thought to reconsider the issue of legalizing the business. Tony Tong, CEO of Pacific Net which sells Baccarat machines, claims that the Chinese government is looking at licen

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 financial capital of Macau.

If Tong's predictions are true, then there will be a lot more tax for the taking, which may help Chinese government's revenue as the industry is growingly interested in advancing towards the Asian market. GiaMedia, A Taiwanese group which bought a Canadian gambling 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 version, playing for points and prizes.

Tong gives further information on the Asian gamblers, claiming that the Asian 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 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.

See also

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