The gambling market of Bangladesh is still underdeveloped, and there are a couple of reasons for that. The main issue that has caused the lack of a properly developed gambling industry in the country is the fact that many Bangladeshi people have a strong religious view about the subject. The country does not allow gambling in any of its mosques, and many people consider gambling a sinful activity.
In addition, the majority of the Bangladeshi population is very conservative. The main reason behind the gambling taboo in the country is the fact that gambling has been associated with superstitions and black magic. According to Bangladeshi culture, gambling is considered a negative phenomenon. Most of the population of Bangladesh lives in poverty, and they are unable to provide financial support for their families. Therefore, gambling is not a popular idea in the country. There are also no official statistics about the gambling market in Bangladesh, but it is expected that the number of gamblers will reach 3,000 in the near future.
Despite the fact that the gambling industry in Bangladesh is very limited, some major online gambling companies still operate in the country. In 2012, more than 20 online gambling operators were licensed in the country, and more than 250,000 people signed up for Internet gambling. By 2017, there were around 50 online gambling companies operating in the country, and more than four million people played online gambling games.
As of today, online gambling has not been officially regulated in Bangladesh, and the government does not officially endorse any online gaming, as well as other online activities, such as buying and selling shares. In 2012, the national Lotteries and Gambling Board of Bangladesh issued licenses to three companies to operate gambling businesses. The three entities that received licenses were Dhaka Gambling City, Capital Club Ltd., and CineStar Limited.
In 2016, a legal framework for online gaming was adopted, but the legality of online gambling is still not clear, and Bangladesh is currently negotiating with the neighboring countries to legally regulate online gambling. However, you can still find international safe and trusted casinos like Labha7 that Bangladesh gamblers can play at; some of them are featured in Casinority ratings. There is no need to research the market yourself – Bangladesh online casinos are featured on Casinority Bangladesh.