China and Macau to consider online casinos following an outbreak of the novel coronavirus. The said virus also widely spread worldwide, which originates in Wuhan, China. Currently, it became a threat as the number of death cases rises.
Also, tourism in mainland China, Hong Kong, and Macau has been significant drops. As a result, the Macau casinos are down roughly 70% versus last year. It paves the way to Asian markets, especially in China, and Macau to consider online gambling casinos.
Why Macau to Consider Online Casinos?
Macau casino business has hit hard by the coronavirus during the peak holiday season of the Lunar New Year. Numbers of visitors collapsed plummeting -69% in the first days of the festive period. Also, it leads Macau to the suspension of the Individual Visitor Scheme.
A gaming industry expert advises that its high time for the Chinese government and casino interests around Asia to legalize online gambling. It is due to the ripple effect of the virus and pandemic fears. Furthermore, it includes quarantines, travel warnings, and restrictions.
Observations with the coronavirus situation lead to players engaged in illegal online casinos. Also, there is only one market in Asia that online gambling is legal. It is in the Philippines. A significant daily online gambling is up to 90% over the holiday period compared to last year.
According to global gambling, it raises the issue of should land-based operators converge around the world with online operators. Also, it is recently a growing trend in the casino gambling industry. Besides, the online operators are getting a Philippine license and picking up most of the players.
One of the issues that Macau to consider online casinos is that of not becoming a worldwide tourist destination. Online gaming includes online casinos, sports wagering, and live casinos are mostly unregulated in Asia and illegal in China.
