Untapped Indonesia

While Indonesia is not expected to open up its domestic gaming industry in the foreseeable future, the country’s residents still have a role to play and its wealthier citizens are an increasingly important customer segment for Asia’s casinos. The country has a population of 242 million, making it the world’s fourth most populous nation, and a rapidly expanding middle class. Fervently held religious beliefs against gambling among the overwhelmingly Muslim population and a government determined to punish in a very public way anyone caught gambling would seem to rule out gambling at home. However, as in China and India, there is a strong propensity to gamble. The two areas of Indonesia gambling activity are online gaming and overseas visits by wealthier Indonesians to casinos in south-east Asian destinations like Macau and particularly Singapore. “Indonesia is a very interesting market for sure. Many people do not know it but India and Indonesia have some...

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