World

An Overview of the Asian Gambling Market

Published

5 years ago

March 13, 2020

Asia is establishing itself as one of the leading gambling regions in the world, producing a substantial amount of global gambling revenue. Specifically, the Asia-Pacific region is presently the fastest-growing gambling market in the world. Asia’s rise in the gambling sphere is partially due to the continued improvement of many countries’ economies, new legislation allowing gambling in certain places, and Asian people’s access to online gambling since smartphones started to become widespread in their home countries.

However, only some Asian countries allow gambling activities. Gambling is often illegal in Muslim-majority countries. And in many Asian countries, regulatory authorities strictly control gambling. The most prominent gambling resorts throughout Asia, which see millions of visitors from around the world each year, are Wynn Macau and Galaxy Macau in Macau, Resorts World Sentosa and Marina Bay Sands in Singapore, and Casino Pride and Casino Royale in Goa.

Find out more about the three Asian countries that are leading the gambling market in the following overview.

India

In India, gambling is only officially legal in the states of Sikkim and Goa and the district of Daman. Although in Nagaland state, it is possible to obtain a license to play online skill-based games. Indians in Nagaland can play a variety of online games, as long as the games involve a substantial amount of intellect and skill. A wide range of skill-based casino games can be played on this online casino website. Other than Nagaland, the online gambling situation is somewhat ambiguous. Most local governments do not license online gambling, but there is also no legal framework that prohibits online gambling. In practice, the confusion over the legality of online gambling means a large proportion of people in India do play games at online casinos. It is estimated that in 2017, the online gambling market in India was worth approximately $125 million.

Excluding online gambling, the latest statistics estimate the Indian gambling market was worth $75.7 million in 2015. But it is expected to be valued at around $10.2 billion by the year 2021. So, it is clear just how much the gambling market is rapidly increasing in India.

China

Apart from state-run lotteries, gambling is only legal in China in the Macau and Hong Kong regions. Known as the Vegas of the East, Macau’s 49 casinos currently bring in annual revenue of around $28 billion. That is more than three times as much as the 135 casinos in Las Vegas. In 2017, Macau’s gross gaming revenue from casinos rose by almost 20%, and in 2018, it grew by 35%. All types of gambling are permitted in Macau, but the legal status of online gambling is in limbo. At present, Macau authorities do not issue online gambling licenses. But they do not prohibit online gambling either. So, it is difficult to know how much revenue China receives from online gambling.

In Hong Kong, gambling is legal in several regulated outlets, including casinos. As for sports betting, the Hong Kong Jockey Club has a monopoly. It has the highest level of profits from horse racing in the world.

Singapore

A law on partial gambling legalization was adopted in Singapore in 2006, allowing two casinos to open in the country. However, while foreign visitors can enter the casinos for free, local Singaporeans must pay a fee or buy an annual membership. But that has not deterred as many Singaporeans as the government had intended. Gambling revenues for Singapore surged quickly after the two casinos opened in 2010. In the first year of opening, the casinos had an estimated gross revenue of $6 billion. So, it looked like they would be joining the Macau casinos as the most popular and profitable in Asia. However, in 2019, the revenue of Singapore’s two casinos had dropped slightly to $5.9 billion. The reason for that seems to be primarily due to the emergence of competitive gambling markets in nearby countries.

As for online gambling, it is officially prohibited in Singapore. However, in 2016, two operators did manage to gain permission to run an online gambling business. The two operators do not have slots and table games, though. Their online gambling activities are limited to the lottery and sports betting.

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

13 mins ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.