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Wednesday, January 09, 2019 12:57:30 AM
https://www.forbes.com/sites/muhammadcohen/2018/01/04/asia-casinos-2018-online-gaming-virtually-impossible-to-ignore/#614b300b715c
Online gaming logs in:
“You look at what’s happening to Macy’s with Amazon, and you wonder if that’s our future,” a gaming executive told me recently. Online gaming, like online retail, has a lot of advantages over bricks and mortar. But in Asia, online gaming remains largely illegal for players. The two main licensing jurisdictions, the Philippines and Cambodia, hardly inspire regulatory confidence. President Duterte has wrought havoc in the Philippines’ offshore and domestic online gaming sectors.
But as the U.S. moves toward legalization of sports betting, much of it likely conducted online, Asia may reconsider online gaming. But it will need better oversight. South Korea checks the boxes with a respectable regulatory and financial framework, and it’s a technology powerhouse that could ensure play on its platforms is legal and honest. Plus South Korea wants to make a name in gaming, and online may be more appropriate than IRs. Many of those same attributes apply to Australia."
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