Asian Authorities Catching Illegal Gaming Because of World Cup

While numerous articles have been written about the illegal gambling crackdowns in China and Hong Kong, in light of World Cup play, other countries in Asia are also cracking down on illegal gambling, especially those countries that don’t allow any kind of gambling. While gambling has gotten more sophisticated because of the use of cryptocurrencies and other technologies, which make it seem as if gamblers are gambling from other areas, police agencies have found ways to crack down on online and mobile gambling, as well as traditional gaming alternatives.

Asia represents a complicated market for gambling. For example, Thailand and Malaysia have a great deal of illegal gambling going on. Gambling is prohibited in Thailand and some forms of gambling are prohibited in Malaysia. However, there is plenty of illegal sports betting now because of the World Cup. Soccer remains a very populated sport in both Thailand and Malaysia, and gambling is well entrenched in both of the countries as a form of entertainment.

The Prevalence of Online Gaming in Asia

South Korea, Hong Kong, Malaysia, and Thailand have seen their police forces struggle against illegal gambling in the digital age. Illegal gambling in these countries has allowed people to choose from a wide variety of gaming markets online, ensuring their customers are safe from police agencies because all gambling takes place online rather than at an illegal gambling house.

CryptocurrencyOne way that gamblers across Asia are able to place bets online is through WeChat. WeChat is a Chinese developed application that allows users to message each other via text and chat. It also operates as a social media platform and a mobile payments service, which makes it easier to send and receive money that is not always traceable. Both the Hong Kong and Macau police agencies suspect gambling crime syndicates have used WeChat for paying out gambling debts and taking in money.

In addition to WeChat’s payout system, Asians who use cryptocurrency also find it easier to take in money for bets, as well as distribute money using cryptocurrency, such as Bitcoin, to provide payouts. While on its face, this scrutiny lets police make arrests, so far betting on the World Cup via electronic media has been spotty at best.

It is difficult, for example, to figure out from where in Asia a person is betting if the bettor is using mobile devices and cryptocurrencies, not to mention it is extremely difficult to track people across betting platforms and languages.

The Scope of the Gambling

The scope of illegal gaming in Asia is massive. It is estimated that in Hong Kong alone, illegal betting on the World Cup will bring in $68 billion. Government agencies also estimate that $6.5 million will be bet in Singapore and $79 million in South Korea during World Cup competition.

While the government of Hong Kong earns 5 percent of its revenue from gambling, it estimates that illegal betting may be as high as $750 million a week from people living in Hong Kong alone. In fact, illegal betting in Asia is estimated to account for 80 percent of the $500 billion that may be spent on illegal gaming around the world each year. While it is difficult to determine exactly how much gaming goes on, it is clear the money being spent on illegal World Cup betting is substantial.

World gambling bodies have estimated that if gambling were made legal in all Asian countries, the gambling enterprise would funnel billions of dollars into Asia’s economy, which is no small number. Many countries in Asia do not have GDPs nearly that large.

Disclaimer: All images are copyright to their respective owners and are used by USA Online Casino for informational purposes only.

SHARE
Previous article3 Gaming Stocks on Rise Gamblers Should Pay Attention to
Next articleCanada looks to single game betting after US court ruling
A Massachusetts native, blogger Angeline Everett grew up in the Allston neighborhood of Boston and earned a degree in casino management from the University of Massachusetts-Amherst. After graduating, Angeline moved to Atlantic City where she joined the young team at the Borgata Casino as a compliance representative, while blogging on the side. After a few years in the back office, Angeline moved to the floor to work first at a casual poker dealer and later casual poker floor supervisor. Fascinated with games of chance since she was a child, Angeline currently divides her time between blogging and work on her first book.