Business research of Market evaluate
Market Value of online gambling in Indonesia
Yim.tiger April 11, 2011
Introduction
Developing our company business of online gambling enter to new market –Indonesia due to more and more competitors share market of China now, otherwise, the Chinese government crackdown illegal online gambling website from end of 2009 to now, so we must be to reduce the business risk and look for other potential new market to do the business and make sure company business stable development. The article will be introduce gambling, online gambling history, business environment and
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Otherwise, we know the only forms of legal gambling in the People’s Republic of China (PRC) are the two government lotteries: the Welfare Lottery and the Sports Lottery. These are is very popular in China. From end of 2009 to now, the Chinese government strengthen promote Chinese lotteries, and crackdown illegal online gambling website and closed around 300 website. Lead China's lottery market has generated RMB69.4 billion in profits around in 2010 alone.
Even so, the revenues generated by illegal gambling operations in mainland PRC are estimated to be 10-20 times larger than the combined revenues from both legal lotteries
Trends of Online gambling in China
These indicators tend to imply that gambling is socially acceptable in China, and that China's enforcement policy extends only to unsanctioned casino operators, not to the citizens actually playing. Recently there have been signs that change is imminent, and that we may soon see the birth of Chinese legislation that governs online casinos in China.
Ultimately the reasons come down to money. The last decade has seen an unprecedented level of economic development in China, such that there are now far more wealthy Chinese than ever before - and these people are clearly gambling, whether they have to travel to Macau or beyond.
Regulating the industry would allow the Chinese government to keep a larger portion of that growth capital inside China through licensing fees and through
Gambling is becoming increasingly popular in today’s society. Major casinos and online gambling sites attract
This is an alarming figure of what is available and easy access to machines, are we over selling gambling without noticing?
The entrepreneurs are opening their companies away from China which means China is losing all that revenue. Other places seem to have less restrictions as well as more
Local legal casino gambling has gained popularity in the United States after a long history of prohibition in many parts of the country. Casino gambling was outlawed in the early 1900’s before being legalized in Nevada and the city of Las Vegas in 1931. In 1978, gambling was legalized in Atlantic City, New Jersey (casino-history.org). Las Vegas continues to dominate as the number one casino destination. Atlantic City and New Jersey have taken a hit as completion in surrounding states increases every year. Pennsylvania surpassed New Jersey as the number two casino destination in the United States in 2015 (Tisdall 2). Today, 43 states have casinos (americancasinosguide.com). Since the birth of the Internet, gambling online has grown into a new industry. Online gambling is continuing to grow to this day and is an industry already worth billions. Many of the issues in today’s society and legislatures have moved away from the issue of if casinos should be legal towards the issue of should sports gambling be legal on websites such as draftkings.com and fanduel.com.
Economic The Australian gambling market is remarkable in the world’s gambling industry. It has already been mature and showed a very strong growing momentum with 2.9% annually over the last five years, and it was predicted that the growth rate would be constant in a medium-term period. (Sudarsanam, 2011)There are four categories of gambling activities. Gaming is the largest type with the annual turnover over $10.2b, and other three types are Casino, wagering and lotteries, and the annual turnover was $3.2b, $2.6b and $2.1b respectively. (Sudarsanam, 2011)
There are many reasons to link financial problems and crime to the large revenues of gambling. Financial losses are one of the extreme threats and costs to the gambler. This is because
People tend to spend their money mostly on the slot machines and multiple poker games taking place in the Casinos around the United States. These revenues go towards the workers of the Casinos and state taxes which benefits the other attractions surrounding the casino. The gambling industry has grown massively in little time, it has grown to make around 40 billion dollars a year. Generating this money contributes largely to make a better city or state for visitors or residents to enjoy. These casinos are usually looked down upon but they offer new horizons for men and women in the United States. The online gambling push is also coming to a close consideration with legality and within the next ten years should be completely legal (Bonesteel 1). Online gambling provides a different dimension of many businesses and also sports clubs. Most of the money from online sports gambling goes towards these sports clubs allowing them to expand their club and the league as one. As gambling begins to grow considerably larger in the United States, it is used as entertainment and recreation. As a whole, gambling allows any given city to grow economically and as whole, it brings in plenty amounts of revenue which also contributes to state taxes.
Gambling has made immense impacts on the everyday lives of a countless amount of people. Somehow this western pastime has integrated and almost taken control of the Asian and American Asian communities. The gambling issue within the Asian culture has affected families, and individuals in such drastic ways. Within the last few years we have seen an immense outburst of gambling in Macau, which is now the gambling capital of the world. Along with the recent outburst of gambling in Macau we find the dark side of gambling. The illegal activities that follow gambling have taken a toll on society as well as the people involved. Also we quickly see the economic impact made by all the money flowing through Macau. Gambling
Gambling is now widely accepted in American culture and in 2013 Americans wagered $119 billion with legal gambling
Gambling is one of the fastest growing industries which are a major entertainment and tourism industry in the United States. It is playing a game of chance and probability for stakes and occurs in many forms such as casinos, lotteries, stock market, bingo parlors and slot machines. It not only takes place on casinos, but nowadays, you can do gambling through the internet. Gambling also includes betting on a horse or car race or can be sports betting. It is also the cause of extensive harm for problematic gamblers alongside with their families, loved ones and especially the community they live in.
Robert Kiyosaki once said, “Successful people take big risks knowing they might fall hard but they might succeed more than they ever dreamed.” This man is a billionaire that hit the jackpot, while gambling. He now owns eleven different businesses and he is worth over eighty million dollars. If someone could learn how to astute, they could live like him too. The articles, The Legalized Gambling Debate, Sports Betting Should be Legal, and Should Sports Gambling be Legal?, all attribute thought to this suggestion. Gambling is a feasible business as it provides revenue, sponsors education, and inspires gamblers.
Being a part of Portuguese colony for so long and out of every Chinese jurisdiction Macau was developed as an independent state with legal gambling. The main developers just follow the foot steps which were taken during the development of Las Vegas. (www.atimes.com). As their were less facilities for patrons, so the frequency of guest were also less, but with the time and the involvement of local Chinese people and no restriction on gambling made the Macau more favorable.
From commercial casinos to lottery tickets to off-track betting, it is easier to gamble today than ever before. While the government promotes the gambling industry to supplement tax revenues, it has not allocated
For thousands of years, mankind has enjoyed spending money on games of chance. Today this has developed into a multi-billion dollar worldwide phenomenon- the gambling industry.
The scheme in the gambling industry is the same everywhere. The main goal is to