Asian online gambling market

It seems the next big thing in online gambling is the Asian market. There have been major moves in development lately including a new deal signed with Playtech. It was announced on Friday that Playtech signed a three-year deal that would provide poker and specialist player-to-player games to an Asian online gambling firm. The name of the company has not yet been released. Playtech will be providing the company with many games throughout the upcoming year and also will give the company many Asian much-loved games such as Cho-Da-Zhu and 13-card poker. It is believed that the deal will see as much as $4 to $5 million in 2008 revenue. Many sections of Asia such as Malaysia, Philippines, Cambodia, Korea, Laos and Singapore already allow some type of online gambling for their residents. Macau is also an Asian market that has been hosting tournaments and has seen an increased in tourism in the past few years. It is believed that China will soon allow some form of online casino games as well in the near future. Payment processors have also noticed the interest in the Asian market. NETeller has begun expanding their business in the area. They are hoping to make up for losses they accrued when the United States banned processing payments for online gambling.

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