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A Bit of Light for Online Casinos

There may be good news on the horizon for the global online casino gambling industry if China follows through with its talks about liberalizing gambling laws. The Chinese market has been fabelized by the internet gambling industry and is viewed a bit as the Holy Grail of gambling markets. With a downturning economy, the online casinos are looking for new markets. But beyond that, the Chinese government has been hit hard by the recession and might just turn to the betting and gambling market as a way to stave off a serious recession. There is a lot of money to be made in the land and online gambling industries and it seems as though the recession has prompted new consideration from the Chinese government.

Now, this doesn’t mean that the Chinese officials are envisioning a UK-style liberalized online casino gambling market – baby steps. What is on the table right now are discussion about liberalizing the lottery and betting on horseraces. According to a Hebei delegate, the “present lottery games are monotonous.” The delegate, Yang Jingzhi, proposes the deregulation of this market and that the Chinese government embrace a more Western-style legislation process over horserace betting and lottery games.

Land and online casino gambling have been banned fore more than fifty years in mainland China, land gambling banned after the Communist takeover of the country. It seems that all of the rumors that the Chinese market could be opening may just prove true although it’s unfortunate that a recession had to take place to prompt these changes.