Gambling is the betting of money or bets on an event with an uncertain outcome with the intention of winning additional money. This activity is characterized by a balance between winning and losing. The result is governed by a mixture of skill and chance. In most Western societies, gambling is perceived as a harmless or low-risk social activity. Although money is used as a medium for gambling activities, most people do not gamble just for money. The fun and excitement that the game experiences helps many to escape and forget about their problems.
Gambling has grown at an unprecedented rate over the past decade and is an increasingly popular recreational activity in many countries around the world. In recent years it has spread outside the United States UFA and developed European nations to conservative countries like Malaysia, the Philippines and Latvia etc., the game is gaining popularity. Malaysia offers all kinds of gambling. Although gambling is legal in Malaysia, it is only allowed for non-Muslims. The games encompass casino games, horse racing, slot machines, and lottery. Few leaders even consider gambling in Malaysia as a strategy to make Malaysia a developed nation.
In recent decades, the Philippines has become a paradise for lords of the game. The Philippines has aimed to become Asia’s next big gambling center with casinos and entertainment complexes to be built in tourist spots across the country. It has enormous potential in terms of income. Also, the first gambling games were organized in the early nineties. There has been a rapid development in the early nineties due to the recovery of independence. This growing acceptance of the game in less modern markets such as Malaysia, the Philippines and Latvia has transformed the gaming market into one of the main international business activities.