Monday, September 18, 2006

The People's Republic of China have been considering legalizing online
casino gambling, according to Tony Tong, CEO of Pacific Net, a company that
sells Baccarat machines. Macau is already a casino capital, and that is
where the government would more then likely license companies there.
Currently, the government takes around 40 percent of the house winnings in
Macau, which means that spreading gambling online would be a huge benefit to
government revenues. GigaMedia sells software for poker and other games are
hoping to expand in China as well. The company's FunTown website is one of
the largest Mahjong sites in the world where members play for points and
prizes. Over 50 percent of GigaMedia's subscribers spend over 100 hours a
week on the site. GigaMedia is also backing up EverestPoker, which is a
rapidly growing poker site in Europe, and they run an online casino gambling
blog in Taiwan called Wretch. "The U.K. will likely become a center for
online casino gaming," a GigaMedia representative said. Looks like online
casino gambling firms will get a new HUGE HUGE marked in Asia soon.