Gambling business is growing year by year and countries across Asia are leaping into band carts to capitalize on the growing number of gamblers especially in Asia.

The gambling business leader is still Macau with his luxury hotels and casinos and the ability to pull high rollers from around the world. This high roller came to Macau to gamble in a private VIP room known as Junkets.

Business has returned to tough times after the Chinese government took a crackdown on corruption but there are two emerging trends that could make the industry curve stop. First, tightening regulations by the Chinese government and secondly, ignoring the junket system by new casinos in Asia.

Tighter Regulations by the Chinese Government
Junket business is a high growth, high margin business and in Macau alone, there are 197 licensed junket operators, whose numbers are listed on the Hong Kong Stock Exchange.

Business junket is a legitimate business but there are dozens of junket operators who have been involved in extra-law practices, have a relationship with triads and use violence to collect debts.

This is frowned by the Chinese government and while junket operators are still legal in Macau, junket operators who are considered to have a criminal relationship and are also uncooperative with the Chinese government, have been expelled.

The Chinese government is concerned about capital outflow and wants to be able to trace the funds that left China. This is where Dragon Inc can provide transparency for the entire industry. Funds coming out of China can be tracked through blockchain and criminal activities such as money laundering can be tracked. What Dragon Inc provides is the ability of the Chinese government to monitor and regulate the industry.

When the Chinese government tightens the rules in the junket industry, we will see that the use of Dragon coins will be the only option for junket operators if they want to keep doing business in Macau.

Ignorance of Junket System by New Casinos in Asia.
The second trend is more worrying for junket operators. The countries, which open the casino for the first time, leave the junket system for "system player agents", as they want to get away from some of the less desirable aspects of the junket system.

Singapore does not allow junket systems and use "player agent systems" where licensed agents can attract VIP players to casinos but these agents can not reward players; effectively eliminating the credit / loan system and requiring players to be at stake with their own funds.

Japanese lawmakers have been advised to ban junket systems and they have indicated that the country's casino rules framework will be based largely on Nevada and Singapore, which could mean that the latest player agency system form can be introduced in Japan.

With the new system, junket operators must adjust and facilitate the transfer of funds from VIP gamblers. The nature of cross crypto is becoming increasingly important because fiat transfers are too expensive and dealing with agents may be undesirable. Dragon coins will be the solution because transferring crypto currency is lower in cost and Dragon coins will also allow direct exchange to gambling chips at the dragon casino or affiliated.

As more junket operators open more junkets outside Macau, they have to play with new rules and become more transparent. Dragon Coins will provide a means for junket operators to be able to meet this new trend and for the industry to be saved.

Thanks for reading, let me know if you have any further questions about Dragon.

Have checked the Dragon ICO as follows:

Website: https://drgtoken.io

WhitePaper: https://s3.amazonaws.com/drg-token/Whitepaper-Dragon.pdf

Telegram: https://t.me/joinchat/GY3XhVI7kKluHoOIKZIVHA

Twitter: https://twitter.com/DragonCoin

Author: adifariz

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