A Brief Insight into Whether the Online Casinos Are Fake or Not
At this present moment, Asia holds one of the largest online casino Malaysia markets in the world. The huge population in Southeast Asian countries is one of the main reasons behind the immense popularity of online gambling here. Moreover, the latest technological innovations are influencing the recent online gambling market to some great extent. However, no matter how popular these online casinos are, you cannot just deny the fact that a lot of risks are associated with this online gambling industry.
Online Casino Scenario
If you vividly look into the matter, you can find ample amount of information on the scams related to online fake casinos in the Southeast Asian countries. Nowadays, apart from various types of corporate theft or direct financial scams, several betting websites and fake online casinos have become easy targets for online hackers for making a great amount of money. As a result, such fake online casinos have become a major threat to the market.
Recently, a report has been submitted by the Korean Institute of Liberal Democracy on this fraud online gambling industry. According to this report, hackers, who are regime-funded have made huge revenue of more than $800 million last year. Most of this revenue has come from fake gambling activities over the Internet! So, you can easily understand how alarming this issue has become.
Quirky and Easy Tips to Identify Sham Online Casinos
Well, obviously there are plenty of online casinos available that are completely trustworthy and legitimate. Some of these casinos have track records of more than 10 years! However, it is quite unfortunate that there are several online casinos out there where the payment records are quite dodgy, have pirated games or in the worst case scenario, they are completely sham! Here are a few persuasive tips that may help you to identify whether a particular online casino is a fraud or not:
- Check whether the online casino is licensed or not. Every online casino must have a license to operate. Although having just a license is not enough to prove that the casino is trustworthy, but having no license signifies a big ‘RED ALERT’!
- Before getting involved, you should go through the ways you can get in touch with the owners of the casino. Generally, the fraud ones do not share much contact details like phone numbers, addresses, ownership information, etc.
- Well, if you are digging into the details of any particular online casino, surf the Internet a little bit more. You can definitely find some valuable information then. If any casino has a bad record or fraud history, the news circulates quite rapidly on the Internet. Not that every time such news is genuine, but definitely such news can help you to finalize your decision.
Diminishing Your Risks of Fake Online Casinos
Well, the gambling industry is expanding its market and upcoming and new casinos are quite important to keep the industry innovator in a way. But obviously, safety and diminishing the risk factors should be your main priorities. Considering the risk factors, going with the popular and established brands is always preferable. More importantly, if you are new to this gambling industry, it is always advisable to consult an experienced casino or you may go with the big names!