Asia
Online Casino Market in Japan
It’s no news that the online casino industry has been one of the biggest industries in the last two decades, with billions of dollars annually. From Vegas to Singapore, to Malta, to the United Kingdom and Macau, the online casino is now part of the everyday lifestyle of some people. At the outset of the industry, its current wave wasn’t really envisioned to take place so quickly. However, it will be safe to say that the industry has taken all of us by storm.
One of such revelations that have swept industry enthusiasts and patrons off their feet is the online casino market of Japan. This market is expanding and becoming as big as the rest of the world’s casino industry. There are so excellent online casino facilities in Japan. Manekinecasino was one of the first foreign-owned casinos to indicate interest in the Japanese casino market. We have you covered with all the relevant details relating to the Japanese online casino market and where to begin yourself.
The legality of Online Casinos in Japan
At the moment, online casinos are on strict restrictions and are generally prohibited at best. The restriction also relates to physical casino outlets operating in Japan, as they are considered illegal. However, lotteries are legal alongside betting on motorcycle racing, horse racing, powerboat racing, bicycle racing, betting on J-League Soccer Toto games. Another widely popular and accepted casino-like outlet in Japan is the Pachinko Parlor that has well over 20,000 outlets across Japan.
Pachinko is an arcade game that requires skill and is very well accepted amongst players of the 15 to 35 age bracket. Pachinko in itself is not up gambling, but it has been manipulated into a gambling game, while the authorities do almost nothing to prosecute gamblers. Pachinko has annual revenue running into billions of dollars generated from players, not taxes.
Just like the government is aware of Pachinko gambling, it is also mindful of online casino gambling by Japanese at foreign casino sites. Even though it’s generally illegal to operate online casinos in the country, a vast chunk of the Japanese population plays online casinos at several offshore sites. Even with the knowledge of this, the authorities don’t block access to these sites form Japan. This has resulted in varied opinions as to the position of the authorities regarding online casinos in recent times.
The Current Position of the Law
Having carried out several reviews of the existent laws on gambling, particularly online casinos, the Japanese government is finally giving the nod to online casinos. Accordingly, the Japanese lawmakers recently passed the Casino Bill that seeks to legalize and legitimize land-based casinos and online casinos in Japan. In April 2020, the parliament commenced a legislative process for enacting the Casino Implementation Bill, which will give full powers to relevant authorities to regulate the industry.
Among other things, the Implementation Bill will stipulate control measures for casino operators, licensing guidelines and eligibility, taxation, promote responsible gambling practices, et al. It is estimated that the industry will take off with full throttle in 2023, with over 20 billion dollars to be realized by 2030. Therefore, all reasonable indications point to the government’s approval regarding online and land-based casinos in Japan.
How Big is the Japanese Online Casino Market?
Against the backdrop of government casino enactments, some casino and gambling analysts carried out several surveys on the Japanese market. The results of their studies all indicate that the online casino market in Japan is one of the best in the world. For instance, in a 2019 report by Sanford Bernstein, it was reported that the Japanese casino market would be the third-largest in the world, with revenues of 8 billion dollars per annum. This means that Japan will follow behind Macau and the United States, who already occupy first and second places, respectively.
In the same vein, a report by Global Market Advisors suggests that by 2030, the Japanese online casino market will rake in a staggering 24.2 billion dollars per annum. This indicates how far the Japanese market can offer to the online casino and iGaming world upon commencement of casino licensing.
What the Online Casino Market Entails for All Parties Involved
With no more than 6 locations under consideration for land-based casinos to operate in Japan, online casinos will be more in number, for obvious reasons. With the casino gold mine to be realized in Japan, the relevant authorities are bound to generate revenues through taxes on winnings. Licensing of casinos, as well as tourist growth, will all be driven by the market. In light of the boom, some parts of East Asia might also consider easing up their gambling laws to accommodate online casinos.
On their part, Casinos will make substantial fortunes operating in the Japanese market, given how much ripe the market is. Asides outright profits, they can also understudy other markets for expansion purposes.
With respect to players, they stand a chance of making as much money as their luck and expertise can bring them. So, the Japanese market is indeed a golden opportunity for all parties involved to realize some profits.
Asia
FeedConstruct Secures Exclusive International Streaming and Data Collection Rights for Korean Volleyball Leagues
FeedConstruct is excited to enhance its offerings with the addition of another significant Korean sports content. Based on the new partnership, the company has secured exclusive international streaming and data rights for all matches of Korea’s Volleyball Leagues and Cup competitions.
Korea’s V-League is one of the most prestigious and competitive volleyball leagues worldwide, particularly in Asia, renowned for its high-level matches and featuring top-tier local and international talents. FeedConstruct will cover all the matches from both the men’s and women’s competitions, ensuring comprehensive access to this elite league and delivering premium content.
The KOVO Cup, a highly anticipated annual event, serves as a lead-up to the V-League season, offering teams a platform to experiment with new rosters and strategies. Since 2018, the KOVO Cup has invited international teams, such as Thailand’s Supreme Chonburi, raising the tournament’s prestige and drawing significant attention from volleyball fans across the country.
Volleyball has been a prominent sport in Korea for decades, with the national teams consistently competing at high levels in major international tournaments like the Olympics and World Championships.
Reflecting on the new partnership, Narek Harutyunyan, CEO at FeedConstruct, stated: “We are thrilled to secure the exclusive international streaming and data rights for all matches of Korea’s Volleyball Leagues and Cup competitions. Korean volleyball has a rich history and a passionate fan base, and we are committed to providing comprehensive coverage of these elite competitions. This collaboration not only strengthens our global volleyball portfolio but also underscores our dedication to delivering premium sports content.”
KBSN Director Lee Ju Young, added: ‘’We are honored to collaborate with FeedConstruct on this project. We hope that Korean professional volleyball will receive more global attention. We believe that partnerships are significant because they carry weight.’’
KOVO’s Director Lee Young-ho said: “I am pleased that this partnership will enhance the global capabilities of Korean professional volleyball. It seems like a great opportunity to connect with many fans overseas through FeedConstruct. I hope this will be a good opportunity for Korean professional volleyball to grow to the next level.”
The post FeedConstruct Secures Exclusive International Streaming and Data Collection Rights for Korean Volleyball Leagues appeared first on European Gaming Industry News.
Asia
NewCasinoRank Unveils Specifics of Thai New Online Casino Market
NewCasinoRank, a leading website specialising in reviewing new online casinos and covering various aspects of iGaming, has provided an in-depth analysis of the emerging online casino scene in Thailand. As Thailand remains one of the most frequented locations accessing NewCasinoRank, the team is dedicated to delivering precise and relevant information that aligns with the country’s strict gambling regulations.
Gambling in Thailand is heavily regulated under the Gambling Act of 1935, which prohibits most forms of gambling except for the government-run lottery and horse racing. Despite these restrictions, the popularity of online casinos continues to grow, driven by increasing internet accessibility. According to Statista, the online gambling market in Thailand is projected to grow by 5.56% (2024-2028), resulting in a market volume of €628.90m in 2028.
Thai players frequently visit NewCasinoRank to find reliable information on accessible new online casinos that comply with local laws. To meet this demand, NewCasinoRank’s team meticulously curates content that adheres to Thailand’s legal framework, ensuring players have access to safe and trustworthy gaming options.
Chloe O’Sullivan, CasinoRank’s Writer, emphasizes the platform’s commitment: “We highly value our Thai audience and strive to provide up-to-date information on our dedicated Thailand page. This comprehensive resource includes special features of new casino sites in Thailand, the most popular casino game developers in the country, an overview of the average bonus values based on market trends and local currency, and much more.”
Samuel Adeoye, CasinoRank’s Researcher, said: “Speaking of new casinos, sometimes it’s hard to get the most accurate information because the subject is new. Still, we manage to do that by collecting data from reputable open sources and collaborating with trusted casinos that partner with NewCasinoRank. This ensures that our content is both accurate and relevant, providing Thai players with the information they need to make informed decisions.”
The post NewCasinoRank Unveils Specifics of Thai New Online Casino Market appeared first on European Gaming Industry News.
Asia
AFC signs MoU with IBIA to strengthen fight against match-fixing
The Asian Football Confederation (AFC)’s resolve to protect and safeguard the beautiful game in Asia was further underlined today through the signing of a four-year Memorandum of Understanding (MoU) with the International Betting Integrity Association (IBIA).
Moving forward, the AFC and IBIA will work closely to detect irregular betting patterns and suspicious activities in football matches across Asia. IBIA, through its Monitoring and Alert Platform, will share real-time data on suspicious betting activity with the AFC, further enhancing the AFC’s abilities to promptly investigate potential match manipulation.
The AFC General Counsel and Director of Legal Affairs, Mr. Andrew Mercer said: “The AFC’s Vision and Mission has outlined our steadfast ambitions to uphold the highest ethical and sporting standards, and we are committed towards preserving our key tenets of fair play and integrity.
“Leveraging on strong collaborations with the world’s leading organisations is imperative to our fight against match-fixing and this MoU with IBIA further strengthens our ability to ensure football in Asia remains clean for the benefit of our future generation of fans, players and all our valued stakeholders.”
Khalid Ali, CEO of IBIA, said: “Cooperation is a vital part of any effective integrity monitoring and investigatory framework and IBIA is delighted to be able to strengthen its relationship with the AFC through this important information sharing collaboration. For its part, IBIA will seek to safeguard the AFC ecosystem by utilising the monitoring of its members’ global customer account activity, which covers over $300bn in sports betting per annum.”
Mr. Mercer, added: “The AFC is committed to promoting integrity, ethics, and fair play in Asian football and we are pleased to work with IBIA as we strive to enhance our capabilities to monitor and address suspicious activities, ensuring that football in Asia is safeguarded from the threats of match manipulation.”
The MoU between the AFC and IBIA marks a significant step forward in the fight against match-fixing in Asian football with both organisations dedicated to creating a secure environment for the sport, fostering trust amongst fans, players and all stakeholders.
The post AFC signs MoU with IBIA to strengthen fight against match-fixing appeared first on European Gaming Industry News.
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