For previous years, gambling communities in general are aware that the gambling industry is growing and growing ever since it was introduced. The industry gained $200 billion net income in an annual basis. However, the global online gambling and betting market shows this year, eventually revealed that the gambling industry expansion is currently becoming pretty much slower since the governments are regulating restrictions. Now, they are considering simulating regulations instead of restriction.
Regulations
The regulations of gambling in all parts of the world have been around for quite some time now. As more governments these days realized the impact in the economy when it comes with enabling gambling, not all countries were convinced. In fact, gambling was banned in Singapore this year, even though the fact that the success of Marina Bay Sands Resorts Casino was a success.
Online
Because of restrictions, avid and aspiring gamblers all over the world are opting to switch with mobile gambling sites. As people get used of using their smartphones, iPhones and Androids as necessities, why not use them with leisure? Because of the worldwide development of the internet and continues progression of mobile devices and technology, expect that the online gambling industry will boom in this platform. (If you are interested to play online pokies games view this blog about pokies at the weekend.)
Traditional land-based or contemporary internet-based?
Land-based casinos has been around for centuries which means that the regulations is established ever since the internet was fully developed. Therefore, some countries allows land-based gambling but not with online-based casinos. In fact, some countries block the access of online casinos platform in order to encourage their citizens to stick with land-based rather than online. On the other side of the story, there are about over 50 countries in the globe banned land-based casinos, while you can stay connected with online casinos.
Access Restrictions
There are 132 countries where online gambling was restricted. You can’t access your online casino account whenever you are in these areas. The only way to get an access is to have a VPN server or probably a Proxy. However, some online gambling sites won’t accept players who are using these services in order to avoid multiple account at the same time. Fortunately, crime does not pay when you play, there are no laws but rather restriction when you play at Pokies and Slots.
Countries where online and land-based gambling is legal
Australians are legally permitted by their government to gamble whether online or with pubs and clubs. Online gambling Australia established an Interactive gambling act back in 2001 which makes everyone in their country can access online gambling sites. the Act does not prohibit and provide laws placing bets via internet. Many foreign online gambling operators offer their services to Aussies. Moreover, the act does not withhold sports betting sites and lotteries.
Winnings are not taxed since the government consider gambling not an income but rather winnings were earned because of luck.
In conclusion
Restriction enables the gambling industry not to expand but it comes with a cost. While regulations allows the industry to set their limit.
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