Get subscribed to our newsletter
Get interesting updates to your email inbox.
With the emergence and development of technological devices, almost everything can be done online, including gambling. Online gambling has become prevalent nowadays, and people around the globe are enthusiastically participating in it. Some Asian countries, for example, are legally hosting online gambling because of the demand.
Contrary to what the media shows, online gambling, in reality, has numerous positive impacts and benefits both on the individual and the state. Besides increasing the employment rate, it can also revitalize your country's economy by contributing more significant tax revenue to the state and the local governments. Casinos also pay taxes for regulations and licenses, which is beneficial to the country.
Follow NewsGram on Facebook to stay updated.
Because of these advantages, countries in Asia, including some respective states in India, approved online gambling. With more than 300 million Indians who love participating in online gambling, it is predicted by some analysts that the country's gambling revenue in 2025 could go up to $10.2 billion. That's a considerable amount, and India is not the only Asian country with increasing gambling revenue each year. There are others, including:
The Philippines is one of the Asian countries that offer online gambling platforms and services. There are numerous accessible online gambling sites and casino apps that pay real money in the country. Some online gambling sites include 22bet Casino, 888casino, 20BET Casino, bCasino, King Billy Casino, etc.
Since gambling is legal and regulated in the Philippines, it was reported that the country generated gross gaming revenue of Php2.16 billion (US$44.6 million) in 2020. In 2017, PAGCOR, or the Philippine Amusement and Gaming Corporation, collected a gambling revenue of $1.6 billion from the legal gambling operations in the country.
In 1849, the Portuguese government legalized gambling in Macau to generate revenues for the government. Since then, more than 200 gambling houses in the region were required to pay regulations and gambling rent. A reason why Macau is called the "Gambling capital of the world," "Monte Carlo of the East," and the "Las Vegas of the East."
The gambling and gaming industry in Macau shares 50% of the region's economy. The revenue generated from this industry reaches up to $29 billion in 2019, mostly coming from games of fortune, such as poker, baccarat, roulette, etc. In 2020, $3.4 billion of gambling revenue was generated despite the coronavirus outbreak.
Although gambling is legal in Macau, there are no existing regulations for online gambling and online casinos. But that does not mean that the people in Macau are prohibited from participating in online gambling. They can still bet online, but only with credible foreign-based online casinos and gambling sites.
Online gambling has become prevalent nowadays, and people around the globe are enthusiastically participating in itPixabay
In Japan, only several gambling activities are legal. These gambling activities include horse race betting and motorsports betting. Pachinko, a machine game, is not considered a gambling game, but it generated a market revenue of 3.7 trillion Japanese yen in 2016. Since race betting is legal in Japan, it also generated an annual turnover of approximately 2.8 trillion Japanese yen in 2019.
Hong Kong is one of the particular administrative regions of China that permits gambling, specifically horse race betting, football betting, lottery, and other sports betting that Hong Kong Jockey Club operates. Hong Kong Jockey Club is the most prominent taxpayer of the Hong Kong government, with a revenue of $21.7 billion from 2016 to 2017.
Having complete control of horse race betting in Hong Kong, Hong Kong Jockey Club holds the record of generating the world's most significant horse race gambling turnover. Compared to France, its closest rival, which had a $2 million gambling turnover in 2009, Hong Kong generated $12.7 million in gambling turnover per horse race in the same year.
Singapore is known for its best casinos, such as the Marina Bay Sands, the Resorts World Santosa, and the Aegean Paradise Cruise, in Asia. It is also open for online gambling if only done through gambling operators, namely Singapore Pools or Singapore Turf Club. The Resorts World Santosa, under the casino operator Genting Singapore Ltd, generated $52.1 million net profit in 2020.
Since casino gambling is legal and regulated in Singapore, the country has started taking casino entry tax for Singapore citizens. In 2020, the gaming revenue of Singapore had reached up to SGD700.8 million, while the non-gaming revenue had reached GD299.4 million.
The legalization of gambling has always been debatable in most parts of the world, especially in Asia. Some Asian countries, including Macau, Malaysia, and Singapore, do not have regulations on online gambling. Still, residents from these countries can participate in online betting on online casinos and gambling sites from foreign countries, such as India.
With this, India can expect an increase in revenue, especially if the country legalizes and regulates online betting. The legalization is still debatable in the country despite the numerous benefits it can bring to India's economy.
Disclaimer: ( This article is sponsored and include some commercial links)
During COVID-19 pandemic time the world has experienced huge losses in the financial sector. Lots of people have lost their jobs and business due to long and strict lockdowns. Their savings ended up and they had to live from hand to mouth. In this situation, people started to search for money-making ways other than the traditional and regular jobs.
This hard time gave a burst out to online services which can help in money-making. Forex trading or trading in the currency market is highly adopted in South Africa as a medium of money-making in pandemic time. Although it includes high-risk factors the tough time pushes to take risk of forex trading which may bring huge profit to the trader.
Follow NewsGram on Twitter to stay updated about the World news.
How Much Forex Traders are in South Africa?
Africa is a huge continent and according to an estimate above one million forex traders are in Africa. It is difficult to tell the exact number of Forex traders in South Africa. It is a trading hub so, definitely, a few hundred thousand forex traders would be in South Africa. And the pandemic time has increased this number as it pushed people to find new ways of earning. The brokers who took the initiative at the early stages definitely have ridden the wave in South Africa. Numerous platforms are available for online forex trading such as http://www.tradeforexinsa.co.za/ the users can sign up here to take a good start.
Why People prefer forex?
Everyone knows that there are lots of ways of money-making as a second source. Nowadays people prefer forex the most, the reason behind is the ease of the process and huge profits in case of a successful trade. It does not include buying any product, share, or commodity. You just have to choose the most favorable currency pair and trade for it. The difference in prices generates your profit. Social lockdowns restricted people to stay all the time at home, so they can keenly observe the market all the time and can make better decisions.
Follow NewsGram on Instagram to keep yourself updated.
Simple Steps for Forex Trading
Forex trading is a little bit tricky and can be difficult for newbies if they do not have complete information or are misguided. Its risk factor is increases with inexperienced traders. The whole process of trading can be divided into the following steps for a successful trade.
1. Choose a currency pair
The selection of the currency pairs is significant as the entire forex trading revolves around the exchanging value of the currencies. All forex trading platforms enlist the currency pairs available for trading and users to select their favorite one.
Want to read more in Hindi? Checkout: दो हजार के चालान पर लोगों का अपना अपना मत- कोई सन्तुष्ट तो कोई असंतुष्ट
2. Fully Analyze the Market
In the second step, a complete and deep analysis of the market regarding your chosen currency pair gives the opportunity to make good fortune. All platforms provide suitable guidance about it, so make the best use of it.
3. Consider the available quotes
Seriously consider the available quotes. Currency quotes include the base and quote currency and their buying and selling prices are mentioned along with. The difference between selling and buying prices is the broker fee that facilitates the trade.
4. Select a safe point
One of the most significant steps in forex trading is choosing a safe point. This setting point saves you from complete loss of trade. So, don’t forget to set this point.
ALSO READ: India Contributes Food Aid To South Sudan
5. Place your trade
Following all the above steps, now you are ready to place your order and initiate your trade. This is what you have to do. Now, wait for the results of your trade.
(Disclaimer: The article is sponsored, and hence promotes some commercial links.)
By Jamie Cartwright
Intelligence might help you score well on a math test or enable success in academia, but it’s not necessarily a determining factor when it comes to acquiring and handling money well. Why? When it comes to gifts, humans are broadly and distinctively equipped—if you’re lacking in one realm, it’s likely because you excel in another.
At Greatway Financial, we’ve found that intelligence isn’t a determining factor in wealth acquisition. While a quick wit and high IQ will certainly help you excel in other areas, it doesn’t guarantee you’ll be gifted at making or handling money. In fact, it seems to have no real bearing at all. According to our research and experience, here are six factors that really do play into how much money you make and how well you’re able to manage it.
Follow NewsGram on Instagram to keep yourself updated.
Patience and the ability to listen
Money is the result of noticing opportunities and capitalizing on them. It doesn’t matter how smart you are; if you’re not able to see the unique opportunities around you because you’re not looking for them, you’ll never reach your full potential (financially or otherwise).
The best opportunities in the world are missed because many fail to see them. The good news is that showing up to each day with optimism and a listening ear doesn’t require intelligence or a sky-high IQ—it just takes mindfulness and a dash of patience. The opportunities are already there, financial success follows if you notice them.
Discipline and persistence
If mindful living is what unveils opportunities to us, discipline and persistence are what allow us to follow through. At the end of the day, even the best opportunities are useless if you don’t have the drive to buckle down and see them through to the end. Interestingly, neither discipline nor persistence is impacted by an individual’s intelligence—each is determined entirely by the work ethic and core practices. In other words, you don’t have to be smart to make money and succeed; you just must consistently show up.
Knowing your strengths
Making money isn’t just about acquiring an intelligence you don’t have. It’s about knowing your own strengths and using them to your advantage. At Greatway Financial, we believe firmly that everyone has unique gifts that, when valued and used, lead to both personal fulfillment and financial success.
Rather than becoming critical of yourself for not being “intelligent enough” or “smart enough,” consciously focus on the skills and talents, you do have. The beautiful thing about gifts is that they grow wildly when nurtured. If you take time to consciously catalog and value what you bring to the table, you’ll likely find you have more to offer than you ever previously imagined.
Some business leaders have gone as far as to suggest that smart people make the worst entrepreneurs. Why? Intelligent individuals are usually well-aware of their own intellect. This can inflate their ego to hindering proportions and, interestingly, lead to chronic procrastination and a poor work ethic.
While the intelligent individual has spent his or her own life relying on their intellect as a fast-track to perceived success, the rest of us are accustomed to putting in the work, staying persistent, overcoming barriers, and preparing for whatever comes our way. At Greatway Financial, we believe it’s this preparedness that is key—a valuable trait that requires a strong work ethic.
Willingness to lean on resources
No matter how gifted or intelligent you are, you’ll never have all the abilities you need to reach your full potential–at least, not on your own. In a large part, making money and managing wealth includes finding resources and using them effectively. More importantly, finding those resources requires acknowledging and accepting your limitations—something that many highly intelligent individuals seem to struggle with.
At Greatway Financial, we know there’s so much power in asking for help when you need it. Learning how to delegate tasks and enlist in collaborative efforts to solve problems and succeed doesn’t mean your own gifts aren’t good enough—it means you understand your own limitations and you’ve discovered how to dynamically overcome them.
Want to read more in Hindi? Checkout: जानिए क्या है आरोग्य वन, एकता मॉल और पोषक पार्क की खासियत
It costs no money and requires no genius to simply be kind. Outside of the interpersonal benefits, choosing kindness may also boost financial success. Why? When you’re the sort of person who makes others feel cared for and valued, they’re more likely to open doors for you. Those doors will lead to a multitude of rich benefits—new relationships, engaging opportunities, and more—but they will also likely present you opportunities for success in the realms of business and wealth acquisition.
Capitalizing on your own personability, intelligence and kindness contribute to profitable in this digital era. In the next 10 years alone, experts project that AI will fully automate many warehouses, manufacturing, research, pharmaceutical, and advertising jobs.
In a job landscape that is evolving quickly towards automation, personability and the ability to connect with becomes more valuable than ever.
The bottom line? If you learn how to deliver value and engage meaningfully with the individuals in your social circles and beyond and strive to fill their needs, you’ll find the money follows regardless of how you performed in school or how smart you are.
(Disclaimer: The article is sponsored, and hence promotes some commercial links.)