Casino News

Asian markets open up to Western funding

2006-10-31 16:00:23

A series of online and offline Asian gambling establishments are set to capitalise on the growing confusion surrounding US and European legislation, according to reports.

Gambling has attracted high level governmental interest from both the US and Europe in recent weeks, resulting in some companies looking to more distant shores for their latest money-spinning ventures.

This week the Asian Times reported on the growing interest in the continent's gaming potential, with mega-casinos already planned for Singapore, and other countries such as South Korea beginning to relax their strict anti-gambling laws.

The Asian consumer market itself is thought to have the potential to be highly lucrative, with many residents already keen internet players.

It is thought that governments of countries such as China and India are biding their time until a regional pattern emerges. But such attitudes are indicative of an openness that is promising for investors and tourists alike.

The case of Singapore is being seen as a prospective test case for the region, with one casino contract already secured by Las Vegas Sands, and a string of other multinationals lining up to secure a second.


© Adfero Ltd