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China's Missing Out

China boasts one of the largest population groups on the planet and yet the government is incredibly restrictive on the amount of information coming into this enormous population from the rest of the world and also attempts to keep out some of the most pervasive international industries on the planet. The online casino gambling industry is illegal throughout China and always has been but only in the past two years has the government so clearly concerned itself with the industry and attempted various controversial manners of blocks. There are more than 420 million Chinese citizens with access to the internet, that means 420 individuals and households that are potentially spending money via the internet and also many of whom are attempting to access online casinos via their computers.

The Chinese looks at these 420 million computer users and instead of finding a way to legislate and mitigate the bad and illegal on the internet the Chinese government has long favored censorship and bans – actions that are simply not effective considering the skill of hackers at finding a way around just about any block and ban. The Chinese government has a new plan in place of restricting all internet game play through these new policies and systems as way to thus block out the online casinos. But what the government is missing is the fact that the Chinese internet gambling market represents a $3.8 billion industry that is going to occur no matter what blocks are in place.

That means that the government is expending huge energy and money attempting to block and ban online casinos from the market and missing out of the $3.8 billion that is leaving the country without any additional taxes. The US market has shown that bans don’t work. No Chinese ban has yet been effective and no other powerful nation on the planet has managed to effectively block internet gambling – so why are Chinese officials still fighting it?!