Gambling in Asia dates back to several centuries ago when bettors didn’t know the word ‘casino’; users just played some specific games for real money profit. Over the years, wagering within the continent has evolved into a more advanced and simplified form—internet gambling.
Casino gambling in the Asia-Pacific region ranks as the second-largest market in online gaming after Europe. This ever-growing sector displays an increasing market and ROI (return on investment). It offers advanced innovations that set the industry several steps ahead of many predictions from pundits and analysts.
That is why casino expert and tipster Wang Mi-Sun, says, “한국의 도박 사이트들은 아시아와 세계 경제를 더 나은 수준으로 나아가게 해 줄 좋은 기회를 제공하고 있습니다. 인터넷카지노 사이트들을 통해 들어오는 고수익들로, 정부가 세계적인 물가 상승시대에 맞춰 어떻게 하면 그 자금을 현명하게 쓸 수 있을지 알게된다면 이는 현재 정세를 바꿀 중요한 기회가 될 것입니다.’’
This article elaborates on everything you must know about the legality of the online internet casinos gambling industry in Japan and Korea. With the facts outlined in this article, you’ll be able to ascertain whether it’s legal to gamble at any online casino in Korea or Japan. Read on for more information.
The Legality of Online Casino Gambling in Asia-Pacific
Research from expert reports shows that the Asia-Pacific region holds the fastest-growing gambling market worldwide. Typically, there’s a high likelihood of gambling returns booming within this region and even an increase in the industry’s legalization. While countries that legalize iGaming record massive revenues, those that don’t have a very active market for foreign casinos.
Is Casino Gambling Legal in Japan?
A majority of gambling types are banned within Japan, except a few. These include sports betting, horse racing, motorsports, and casino gaming. Internet casino gambling in Japan is a renowned pastime for both men and women. While sports betting is the most favored online game of chance, casino gambling ranks high on their list. Interestingly, the Land of the Rising Sun has a welcoming culture for this kind of gambling—offline and online.
Japanese pay so much attention to the welfare of their internet Japanese iGaming platforms, such that there are even sites that allow you to review the wealth of these Japanese iGaming platforms. Furthermore, mobile casino gambling has also been on the rise recently. In addition, the industrial island of Japan doesn’t only support internet bookmakers, but there’s also a native gambling game that has its origin and fame in the country. You might have heard of the game called Pachinko. Let’s talk a bit about it.
Pachinko, Japan’s most popular internet casino game, has many similarities with the typical slot machine. The game provides low-wager/low-stake odds as one of its money management solutions in some challenging levels. However, rather than providing you with more spins, Pachinko offers additional free balls. Plus, you can convert every one of your winnings to extra balls or bonuses the game provides.
Thus, Japan should be at the top of your list if you’re looking for an Asia-Pacific country to bet on different internet play-to-earn real money games. Let’s consider the legality of the iGaming industry in North and South Korea.
Is Casino Gambling Legal in South Korea?
iGaming in South Korea is legal, though the industry faces very tough challenges. Though there are 23 offline casino establishments in South Korea, only one of those casinos allows Koreans to wager legally. Since South Korea is a renowned tourist country, millions of foreigners troop in monthly and demands various services, one of which is online gaming. Therefore, the country provides tourist brick-and-mortar bookmakers but restricts citizens from playing on most platforms.
South Korea has strict policies against gambling and regulates it with very rigid regulations. The rules against Korean gambling are so rigid that citizens even risk being locked up for three years if caught wagering in casinos outside South Korea. Moreover, some state-owned bookmakers enable residents to wager freely. Also, some renowned internet casinos in South Korea provide high-end gambling for outsiders.
Is Casino Gambling Legal in North Korea?
Similarly to the regulations in South Korea, internet gambling is illegal to citizens but available to foreign visitors on guided tours. Organized gambling in North Korea began in the 1990s when investors trooped in from Macau and Hong King. This opened doors for Chinese players to gamble in the country. There’s only one brick-and-mortar bookmaker in the country, situated in Pyongyang, the country’s capital. Therefore, if you want to gamble online in North Korea, you will have to be a guided tourist in the country. The country establishes this to prevent all forms of gambling-related problems.
The Asia-Pacific region holds a massive share of the overall gaming market. Being the second-largest in the world, we can expect the adoption of bookmakers in countries within this region to be impressively high. That’s partly the truth, and partly, there’s some more to understand.
Two interesting regions that pioneer some of the continent’s advancements are Japan and Korea. Moreover, while Japan widely adopts internet bookmakers for both citizens and outsiders, Korean countries prohibit their citizens from wagering on these platforms but allow guided foreigners to play.