Asian Casino Future for Hainan Island
Across the Pacific, China is preparing a proposal to allow casino gambling in Hainan Island. This move, if passed, will change the landscape of gambling in China and its territories. There is also a proposal to allow online gaming, lotteries, and sports betting in Hainan. All this is being kept under wraps, as it is only in the initial stages of planning. Sports betting is a huge market. Learning what is a bookie pay per head could be one of the top things to do, to capture a larger Asian market.
In the present, there is a ban on casinos and gambling in general in mainland China. Those who wish to get into gambling travel to Macau and Hong Kong.
Casino: Part of A Bigger Plan
The plans on allowing gambling in Hainan is but a small part in developing the island. There are also rumors on more relaxed visa policies. Plus the construction of a new airport to attract more foreign tourists in Hainan. Hainan is currently facing a fiscal deficit. This comes along with the issue of the decreasing number of visitors in Macau.
All these issues will hinge on China’s policies on the legalization of gambling in Hainan. Hainan, for those who are not familiar, is around as big as Switzerland. It is popular for its beautiful beaches. It is also called the Hawaii of China because of this.
Hainan is also the entry point for Chinese air force and naval patrols in the South China Sea. This is a very crucial geopolitical position in the region.
Gambling in China
Since these plans are only starting, it may be a while before we can see physical casinos built in the area. This topic is very important in the scheme of China’s look towards gambling. If promoted, we will see a huge threat loom over Macau’s gambling industry. Macau currently earns 5 times more than Las Vegas. To capture even a piece of the pie of Macau’s gambling industry will be huge in Asian gambling markets. The potential for online gaming and sportsbook operations will be a huge attraction. It will also be a great way for China, and Asia, to generate revenues from a very profitable casino industry.
Since we are talking about Asian sports betting as well, there have been some inquiries on resources in sports betting in Korea. For those who are asking, there is a lot of action in a few korean sports, one of which is if you like to 농구에 내기, which is basketball – their national team is doing well in international tournaments.
