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12 Oct 2006
Yet another aspiring country is considering giving licenses and providing services to online casinos websites With the Philippines already in the running, Singapore is doing its best to catch up. Already, casinos are being built in Singapore and the Singapore News Today expressed its hope that the state would become a basis for the online casino industry on their race of conquering the lucrative Asian market. Singapore is a technically highly developed country with great infrastructure and will be able to offer all that the online casino industry needs in this exiting and rapidly developing part of the world.
Asia holds huge potential for any online casino, with cultures that are welcoming to games of luck and skill. Should all the legal hurdles be overcome, over 120 million internet users in China alone will turn into potential online casino gamblers. And not only that, the Asian market is practically never ending. Asia is already on its way to further economic success and there is probably no single online casino that would not be dying to offer its services to these new customers.
If Singapore decides to hand out licenses to the online casino industry, it would position itself extremely well for the growth in the market in the years to come. As a pioneer regarding online gambling, Singapore could not only reap the profits and sell its knowledge to the world; it could also set an example in responsible regulation of this new industry.
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