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Anticipated Asian-Pacific Growth

Industry analysts predict that the Asian-Pacific region is the next major hub for the internet gambling industry. With the U.S. out of the industry for the foreseeable future, and Europe is rapidly reaching a plateau in growth over the next decade, the future of the online casinos industry may just rest in Asian gamblers. At this point, the Asian-Pacific region is specifically accepting a growth in land and internet poker gambling – European companies are now forming strategic Asian partnerships in the hopes of establishing a realm of brand recognition and brand identity even before online casino gambling is legal in the region.

Chris Parker, the CEO at Asian Logic (a prominent Asian facing land and online casinos gambling company with ties to Playtech) commented on the regional growth. He notes, “Poker continues to grow across the region at a very fast rate.” Asian Logic is specifically developing the poker gambling industry in Asia due to the fact that many Asian nations do not allow online casinos style gambling at this point.

Parker quoted statistics from the Global Betting and Gaming Consultants that “predict that the Asian poker market will grow at a compound annual growth rate of 23 percent for the next four years compared to a total global poker growth rate of 7.6 percent.” Parker notes that Asian Logic “believes that forecast to be conservative.”

With new concessions in Macau and China, the land and online casinos gambling industry will certainly expand – but the specific growth of the industry remains to be seen.