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Gambling in South Korea – Drivers of Perennial Growth

| January 2, 2023

South Korea’s video games market currently ranks as the 4th largest revenue earner globally, after reporting earnings of Korean Won (KRW) 21.83 trillion for 2022. The figure has broken the highest revenue of KRW 9.75 trillion recorded by the industry in 2012. Inasmuch as 71% of the SoKor population are into video gaming, it denotes that more than 36 million local Koreans are into video gaming. The statistics also explains why despite the country’s prohibition against gambling, online casinos and virtual sportsbooks are operating successfully across the country.

Sokor’s Strong Gamimg and Gambling Culture

South Koreans have strong gaming and gambling culture. Although engaging in video games is first and foremost a popular social activity in the country, local gamers are competitive by nature.

As a matter of fact, SoKor is internationally recognized as a leading player in the global esports arena. The reputation is actually a key factor that’s been driving the continuing growth in the country’s video game industry.

Online gaming and gambling are popular past times in South Korea because first and foremost, the citizens are quite fascinated with the persisten advancements in technology, particularly with smart mobile communication devices. Secondly, the country’s high-speed Internet, which is one of the fastest on a global scale, has contributed greatly to the rapid expansion of esports competitions, sports betting and online casino gambling in South Korea.

Characteristics of South Korean Gamers and Gamblers

Generally, an aspect shared by video gamers and online gamblers in SoKor is the mobile-first gaming arena. While more than half (53%) of the country’s gaming population engage in mobile games, there is a perceived overlap; some locals have been noted as playing simultaneously with both their mobile and PC or laptop devices.

The demographics of the drivers of growth in South Korea’s video gaming and online gambling entertainment, debunks the misconception that the main drivers of growth South Korean males. Given that 57% of the gamers are males, the average age of 20% of adult mobile gamers is between 21 and 35 years old. Moreover, the adult males often have children of their own, in ages ranging from 10 to 20 years old. That increases the possibility that their kids are into video gaming themselves.

Not far behind are female South Korean gamers of which the largest size (17%) of participants are between the ages 21 and 35 years old.

While esports betting is quite popular in the country, research studies show that players of these types of video gamers also dabble in traditional  온라인카지노주소 (online casino) gambling and sports betting.

Still, just like the UK, the South Korean government has established a set of guidelines governing betting on video gaming. It has been established that developers and providers of video games must not use in-game cash offers in motivating players and in enhancing player experience.

Enablers of Online Betting and Gambling in South Korea

Although it’s generally understood that gambling online is prohibited, the absence of laws and guidelines governing online betting and gambling creates a favorable condition for local Korean gamblers. As it is, local authorities crackdown and prosecute only the operators of online betting facilities.

Besides, advanced communication technologies like VPN and cryptocurrency payment modes, are providing local gamblers with means to enjoy betting on video gaming and esports competitions, on real-time sports and in online casinos.

UK No Longer Considers Lockdowns Effective in Preventing Spread of New Variants

| January 19, 2022

When the omicron variant hit the UK, officials were well aware that it could account for most new cases but they resisted against ordering another lockdown. The one imposed in November had proved to be ineffective in preventing the spread of the Delta variant, which all too soon was quickly replaced by the highly contagious Omicron. Still, casinos that were allowed to open in May 2021, remain closed even after the lifting of the month-long November shut down.

Why Many Look to Great Britain’s Response

to New Coronavirus Variants

Many look to Britain as the forecaster of what to expect from the Omicron considering that UK health authorities have been less rigid with social distancing restrictions. Moreover, the UK has the lowest vaccine-hesitancy in the world, which stands at only 6%. To date, as many as 75 doses per capita (per 100 people) has been administered. In addition, UK is home to the facility that has the most robust sequencing system that allows for early identification and tracking of viral genome variants

UKGC Closely Monitoring Developments in the Gambling Industry

 

Meanwhile, the UK Gambling Commission has also been monitoring the efficacy of the mandatory GamStop self-exclusion program that online casinos and betting sites must include in their platform’s terms and conditions, Apparently, there’s a growing number of land-based casino players who couldn’t play in physical casino game rooms .

Analysis of gaming data indicated that while there’s an increase in the number of online casino customers, the additions are regular or casual gamblers who merely play at land-based casinos for recreation. The casino whales or high rollers, on the other hand, make sure they’re playing in Non Gamstop Casinos, since their gambling behaviour could be flagged by GamStop as risky.

The Rank Group, which owns as many as 54 Grosvenor casino properties, now operates its own online gambling website; offering online casino games, sports betting, esports betting and bingo, specifically Mecca Bingo.

According to John Dyson, the Director of National Operations at Mecca Bingo, customers are expecting to derive more from their gambling recreation due to the long pent-up desire to socialise in their favourite local bingo hall. Bingo halls have in fact, been noted as the most patronised offline sites. Mecca Bingo Director Dyson said that as soon as bingo halls were permitted to open in May 2021, they ramped up plans to make the bingo experience happen in fun, safe and spacious halls and with a welcoming ambience that new customers will find appealing.

A Quick Look at Dragon Tiger, a Top Favorite in Malaysian Online Live Casinos

| January 28, 2021

Online live casinos are quite popular in Malaysia, presumably because the only legal land-based casino in the country is situated at the top of Mount Ulu Kali. The great thing about online live casinos is that they practically offer all types of table games found in land-based casinos, including the fast-paced Dragon Tiger betting game.

Although there are daily shuttle buses that take visitors on a 45-minute drive to Resorts World Genting Highlands, average gamblers do not always have the luxury of time and money to engage in live casino gaming at the high-end gambling destination. Beside, it’s more fun to play a live casino game in the relaxed gaming environment of one’s home; without having to worry about missing the last bus trip back to KL Sentral.

Anyway, most westerners are not familiar with the Dragon Tiger game since this gambling entertainment originated in Cambodia. Its popularity later spread throughout the global gambling world by way of a video game version in online casinos. Evolution Gaming and Playtech later developed live versions for both online and mobile casino gambling.

About Dragon Tiger Game

The reason why this betting game is a huge favorite among Asians is because it’s fast-paced, as it takes only about 25 seconds to settle a bet. Basically it’s a first person player game to which a live casino dealer places a card face down; one for each of the two spots labeled as Dragon and Tiger.

All that a player has to do is to predict which spot will reveal a higher card and place a bet based on his prediction. After clicking on the bet button, the live dealer turns the cards up to reveal their values and to determine whether a player won or lost his bet.

Let’s suppose that a player placed a bet on the Dragon spot. The player wins if the Dragon card has a higher value than the Tiger card.  He gets his wager back plus the corresponding payout. On the other hand, if the Tiger card reveals a higher value, the player loses the bet he staked on the Dragon card. Most players strategize by staying on the winning spot for a while, whilst making mental estimations on when to shift to the opposite spot as betting choice.

However, similar to slot games, the outcomes of a live casino table game like Dragon Tiger depend on the random numbers generated by a Random Number Generator. Unlike in table games played in offline or land-based casinos, the cards are shuffled, which is the traditional method of ensuring the randomness of outcomes. .

Take note that the live casino dealer has a separate deck of cards for the Dragon and for the Tiger spots. So it’s possible for both spots to reveal the same suit and the same value for each deal. Players can win additionally from this card guessing game by placing additional wagers on the Suited Tie Side Bet or on a simple Tie Side Bet (card values are equal but with different suits.)

Now you probably get the drift why Dragon Tiger became an instant hit worldwide not only in land-based casinos but in live online casinos as well.

Southeast Asians looking to access live casino games using their smartphone need only to register with mega888 so they can download  the mobile gambling app, either for Android or IOS devices, whichever is applicable. Through the mega888 app, one can gain access to several online casino brands including Live22, the gaming site that offers all-time favorite live table games like poker, baccarat, blackjack and Dragon Tiger.

Dice Game in Crypto Gambling Sites : A Fair and Unique Betting Game

| January 7, 2021

Playing at Crypto Gambling casinos is just the same as playing at conventional online casinos since players stake fiat money as wagers on games and not crypto. One of the most popular betting games played in online crypto casinos is Dice, which is actually a favorite game played by crypto casino customers of Stake Bitcoin Casino.

A Quick Look at Stake’s Dice Betting Game

Stake bitcoin casino is one of the earliest online casinos to accept cryptocurrencies as a mode of placing deposits on a playing account. Take note that the digital money will still be converted into an equivalent fiat money, using the prevailing exchange rate at the time the deposit was made.

Stake offers a unique, in-house developed dice game that simply requires a player to wager a bet on the outcome of two betting options: Roll Over (high) or Roll Under (low), which denotes the two sides of a selector bar. Rather than limit players’ chances of winning to the number of pips indicated on a conventional dice, the two bar sides give players a greater number of possibilities of winning on a random roll outcome, ranging between 0.01 and 100.00 roll numbers. .

https://youtu.be/PUgoiAuhUPo

Once a bet has been placed, hitting the BET button initiates the virtual roll that will produce a number roll. If the Green indicator lights up it denotes that the number rolled by a player was successful. The player instantly receives a corresponding credit or increment in his playing account based on the amount he wagered for that specific roll.

If the opposite transpires, wherein the Red indicator lights up, it denotes that the number rolled by the player did not make it to the side of the winning outcome randomly generated by the game’s RNG. The wagered amount is lost and is automatically deducted from the player’s bankroll balance.

Verifying if the Outcomes of a Game is Truly Fair

The outcomes of Stake’s dice game is generated by a Random Number Generator (RNG), which Stake customers can test if produced arbitrarily, and in accordance with the provably fair gambling system.

One of the reasons why Stake Bitcoin casino is very popular among crypto gamblers is that it also gives players the ability to verify the fairness of the outcome generated by the game, whether pertaining to the roll of a dice or or a card dealt as hands. Part of Stake’s service features is the provably fair algorithm technology that players can use in verifying the results of games from whence they lost wagers. .

Actually, the Provably Fair Gaming technology is an open source algorithm that enables a game to produce random seed and hashing toward the generation of a random number.

How to Increase Chances of Winning in Video Slot Games

| June 14, 2020

Slot machine games are games of chance, yet by strategizing, it is possible to increase the probability of winning, or of reaping greater amounts of payouts.

However, the first rule must be strictly followed, which is that of playing only at licensed and regulated online casinos. Mainly because no matter how well one strategizes, playing online casino games with real money, in unregistered and unregulated online gaming platforms, is not backed by assurances of playing in a safe and fair digitall environment.

 

In Western countries, online casino operators usually secure their license from their own country or in other licensing countries like Gibraltar, Malta or Isle of Man. In addition, licensed online gambling platforms are required to offer only games that have been vetted for accuracy, fairness and at the same time with responsible gaming features designed to prevent gambling addiction. The most reputable Western igaming sites are those that are independently audited and certified by the eCommerce and Online Gaming Regulation and Assurance or eCOGRA.

In Asia, most online casino providers operate in the economic zone of the Philippines, and are vetted, as well as licensed by the Cagayan Economic Zone Authority (CEZA). The regulatory body tasked to oversee and check the online gaming software used, and games provided by CEZA online casino operators, is the Philippine Amusement and Gaming Corporation or PAGCOR.

 

Many players located in Western countries prefer playing in Asian online casinos. Actually this is also a gaming strategy since their gambling money has greater buying power if used to purchase credits at an Asian online casino. If one (1) Euro is equivalent to 4 (+) Malaysian Ringgits, this denotes that with just 1 EURO, a Western gambler can buy as many as 4 credits at the least.

One of the most popular online gaming platforms operating in Asia is 918Kiss, which carries the Mega888 brand of online casino games. Mega888 slot machine games include those with mega-jackpot features, and other slot titles that make winning more often possible. New players must first download the 918Kiss app so they can register before they can proceed with a mega888 download.

Strategies for Increasing Chances of Winning with Mega888 Slot Games

First off, have awareness that when playing with slot machine games, placing bets on every spin involves wagering money on a specific number of paylines. Let us say there are 25 paylines, and you placed bets of one (1) ringgit for each payline, the total money staked per spin is 25 ringgits. Now even if the outcome yielded a 3-payline win, its equivalent payout is not enough to recover the 25 ringgits you staked on the winning spin.

Although betting on all paylines is one way of increasing the possibility of hitting a 3, 4 or 5-symbol win on every spin, it is important not to bet the maximum amount. Keep in mind that there is no guarantee that all spins will return with a winning outcome, nor produce multiple payline wins with every spin.

When playing with Mega888 slots, choose the games that tend to produce Wild Symbols as frequently and numerously as possible. Wild Symbols allow you to achieve multiple payline combinations with a single spin, because they can represent any symbol as long as they appear in a winning payline position. Mega888 games that have been reviewed as capable of frequently producing Wild Symbols are the “Robin Hood,” “Lucky Panda” and the “Cookie Pop” video slots.

When trying out a video slot for the first time, try to stay on it and make an estimate of how many wins are achieved with every 100 spins you make. Mega888 games like “Highway King” has been reviewed to yield wins by as many as 60-70 times, and the “Lucky Panda” at 70-80 times with every 100 spins.

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