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No Online Casinos for China

The international internet gambling industry is heavily speculating that China and other Asian governments are softening toward online casino gambling in the countries – but that might just be a bit of wishful thinking really. Although there are indications that some Asian regions may open in the next few years to forms of internet gambling rather than just online gaming, a recent raid clearly shows that Chinese police are still very concerned with underground and illegal online casino gambling and betting rings.

The latest raid has yielded eight arrests as well as the confiscation of betting slips and electronics and computers that were allegedly used to facilitate the online casino gambling and betting on the Euro 2008 Championships. The gambling bust comes right at a time when online gaming companies are announcing huge surges in Chinese gamers. Gaming portals are now looking at the Chinese market with renewed interest. And although many online gaming companies are entering the market in the hopes that the Chinese and Asian market will legalize online casinos in the near future, soft and casual gaming is becoming much more popular.

As for the current gambling bust though, online casino gambling is still very illegal in most of Asia – the governments highly restrict internet content and are against the spread of internet betting and gambling activities for fear of increases in addiction and the other societal ills that are often associated with increasing the presence of gambling in a nation. And though it looks like it is a long-way off, there is certainly a market for betting – the raided gambling ring allegedly took in nearly a million dollars in bets just on the Championship.