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While Asian countries aim for gaming activity India holds back

While Asian countries aim for gaming activity, India holds back

Although gambling is considered to be illegal in many Asian countries, this is slowly starting to change as these countries now see gaming as a revenue generator and as a tourist attraction.

According to consultacy firm KPMG, $60 billion was wagered in 2010 in India alone. Gambling on cricket, India's most popular sport, has generated billions of dollars. However, the legislation proposed after the cricket scandal made cheating in sports a felony.

Gambling in India is limited to state lotteries, horse races and a wide range of casinos, but most of the gambling activity is done illegaly and doesn't pay taxes.

Encouraged by Singapore's example, hosting some of the most lucrative casinos in the world, countries such as South Korea, Philippines and Sri Lanka are creating similar gambling strategies.

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