While many religions and moralists may object to the act of gambling, it cannot be denied that it could, through proper legalization and monitoring, benefit nations as a whole. Illegal gambling may pose problems to a society, but as many nations are slowly discovering, its legalization coupled with proper controls can, in fact, turn out to be a better solution.
Around the world, western countries like the United States of America remains to be the few places to earn revenue through legal gambling. This, however, does not mean that Asian countries are missing out this big opportunity. Already countries like Macau are advancing in their ‘gambling industry’, reaping about US$2.5 billion in early of year 2011. Of course, Macau, otherwise known as the ‘Monte Carlo of the Orient’ is quite unique, having had legalized gambling since the 1850s and is still the only Chinese territory that fully allows gambling. In fact, gambling is what boosts its tourism sectors, making it Macau’s biggest source of income.
Other countries, having witnessed the lucrative benefits, slowly but surely followed suits. In Malaysia, it is legal to gamble as long as it is operated under government permit or license; gambling at homes or in public places are considered as illegal. However, the legality of gambling are also restricted to certain ages and religions – one must be a non-Muslim and over the age of 18 in order to enter any legal gambling premises. By far, Genting Highlands’ casino resorts still draw large group of ‘tourists’, most of them from neighboring countries.
One of these neighboring countries happens to be Singapore, who used to be an anti-gambling nation. As a result, most gambling Singaporeans would travel to Malaysia and Togel Singapore few came home with a fortune. Pressured to retain those income within Singapore as well as to boost the tourism industry, Singapore finally lifted its gambling ban in year 2005 and the very first Singapore casino was opened to public in early year 2010. The billions of dollars poured into this economy certainly did not disappoint; not only have the casinos vastly improved the country’s tourism but it was also predicted that Singapore may take over Last Vegas’ spot of the world’s second largest gambling hub.
But there is yet another up and coming Asian country that will attempt to knock Singapore off its glorious seat, and may just as well do so successfully. The Philippines generated about US$69.58 million in gambling industry in early year of 2011, all thanks to their gambling-favored laws that allow both offline and online casinos. There has yet to be any precedence or law that prevents the legitimization of online gambling. This is not surprising as gambling not only brought in tourists and income, it is also indirectly brought in foreign investors, something that the Philippines are lacking. However, legal online gambling sites are limited to only foreigners while Filipinos can gamble away at any government owned sites.
Online casinos have now become an alternative to land-based casinos thanks to the Internet and the development of betting software. Although not particularly new, quite a few people still have questions about online betting. Below are several frequently asked questions about this net-based activity.
The development of gambling software can be traced back around 1990s where Microgaming developed the first fully functional gambling software. Later in 1994, Antigua and Barbuda, a country in the Caribbean area passed the Free Trade and Processing act that granted licenses to organizations applying to open online casinos. The act was strengthened by the development of software by CryptoLogic that was aimed at securing various transactions happening at the virtual casinos. As the cooperation succeeded, the world’s first online casinos were established in 1994. Today, Microgaming and CryptoLogic remain as two of the most widely used gambling software developers along with other companies such as Realtime Gaming, Playtech, and International Game Technology.
In an online casino, a gambler can play most of the games available in land-based casinos such as blackjack, baccarat, bingo, craps, keno, online slot games, online poker, and roulette. Additionally, although not necessarily available at virtual casinos, bettors can also carry out different betting activities at different sites. Other online gambling activities may include sports betting, lotteries, horse race betting, mobile gambling, and in-play gambling.
Yes you can. In fact, virtual casinos commonly use two kinds of interfaces for their customers: web-based and download-only casinos. In web-based casinos, you can play without first downloading and installing the software on your computer. On the other hand, with the downloaded type, you are required to download the software and install it on your computer before being able to play. As you don’t have to load the graphics and sound files over the Internet during play sessions, download-based gambling is indeed faster than the web-based gaming venues. However, you still cannot ignore the fact that the software you downloaded may also contain harmful malware.