On the search for "Chinese" we found the following results:
The shares of Chinese online lottery sales companies received a boost this week on news that the Chinese central government has allowed provincial authorities to approve lottery sales and pay-outs without waiting for central government approval. The Bloomberg business news service reports that shares in Hong Kong-based 500.com advanced 6.2 percent to $20.20 on Thursday, …
DJI Holdings, a London-based firm that has penetrated the Chinese lottery market (see previous reports), has announced a new achievement, reporting that it has been given official approval to conduct a mobile sports lottery app field trial in the Shandong provincial city of Qingdao. DJI’s joint venture Qingdao Taifa Network Science Technology Service will conduct …
Macau’s struggling gambling industry could receive a boost from the Chinese government before the end of the year, although details of what this could include have not yet been made public. The new was enough to lift Macau gambling company share prices significantly, Bloomberg business news reported Friday. Li Gang, director of the China’s local …
UK-listed Chinese lottery sports and welfare lottery promoter DJI Holdings plc has announced a cooperation agreement with Heilongjiang Sports Bureau in the Heilongjiang province of China to establish a joint venture and a placing of new ordinary shares to raise GBP 5.6 million. Earlier this month the company signed up Arsenal FC to become the …
The Manila Times reported over the weekend that the Philippines Bureau of Immigration has apprehended and deported large numbers of Chinese for illegally working, many at online gambling companies, this year…and many more have mysteriously been released after being arrested, possibly due to official corruption. Our readers will recall the high profile case of alleged …
The passion of Asian fans for high-profile English Premier League football has led to an unusual business partnership which this week saw Arsenal FC ink a three-year agreement with DJI Holdings, a UK-based Chinese lottery supplier. The deal designates Arsenal as an official lottery partner of DJI in China, enabling DJI to offer its Asian …
Thailand police in the Chiang Mai province reported Tuesday that in partnership with immigration officials they had broken up an illegal online lottery ring and arrested 17 Chinese nationals. A large combined police-immigration raiding party of 50 officials carried out the raid on a three-storey house on a private estate, catching 14 men and 3 …
Police in eastern China have busted a gambling ring that exploited the Chinese tradition of hongbao (red envelope) to organise gambling on social networking site Wechat. Following complaints by losing players, the police in Taizhou mounted a sting operation which resulted in the break-up of the gambling enterprise, according to Li Kangcheng, vice director of …
Alleged illegal Chinese gambling ring head man Wang Bo has lost his running battle with the Philippines Bureau of Immigration to stay in Manila and was deported back to China Thursday to face charges in that country. Our readers may recall that Ho’s well-funded attempts to stay in the Philippines resulted in the investigation of …
The Chinese government’s suspension of online lottery activity (see previous reports) has had a telling effect on the commercial performance of Hong King-based 500.com, which posted its second quarter results Wednesday, noting that net revenues were nil, compared with RMB98.8 million (US$15.9 million) in Q1-2015, and RMB156.1 million in Q2-2014. The online lottery company’s operating …
Philippines Bureau of Immigration raids on an online gambling support centre in Pasay City last week resulted in the detention of 191 Chinese subjects suspected of illegal immigration offences, but 22 of them were released under suspicious circumstances before the group reached the immigration offices. The unauthorised release of the 22 suspects has prompted Immigration …
The British newspaper The Guardian has published a report that presents information from a confidential private investigation claiming Chinese officials suspect that Sheldon Adelson’s Las Vegas Sands casino in Macau is used by CIA and FBI agents to entrap and blackmail Chinese officials who visit Macau to gamble. The report, commissioned in 2010 by Las …
Last month’s announcement that China’s National Audit Office had discovered that 16.9 billion yuan raised through China’s lotteries in November and December last year had been embezzled or misused (see previous report) has been followed by the launch of a five-month improvement campaign by the Welfare Lottery – the nation’s biggest. Launching the campaign, China’s …
Panel speakers at the G2E Asia conference this week said that the suspension of Chinese online lottery activity by the Chinese authorities was an understandable move on the government’s part to bring more order and control to a rapidly expanding sector. The success of the booming online lottery business had been beyond expectations, with lottery …
The Hong Kong-based Chinese online lottery operator 500.com felt the pain of the Chinese government’s suspension of online ticket sales activity in its last quarter, but enjoyed increases in sales and revenue. Despite this, the company posted a net loss of RMB 52 million in its Q1-2015, blaming share-based compensation expenses and a RMB 30 …
The Chinese Ministry of Public Security reported the detention of over 140 people since a crackdown began in March on illegal gambling. 1980 cases were opened along with raids on 120 gangs, Xinhua News Agency reported. Among those were cross-border gambling websites “run by overseas casinos”. Three online gambling gangs from the Hainan, Jiangxi and …
Chinese lottery operators hit by February’s suspension orders from local authorities following a central government directive (see previous reports) will be relieved by the news Thursday that the suspensions may be lifted within the next 8 weeks. The news that the suspension may be lifted soon was broken by Tencent’s technology news website, which quoted …
The Chinese central government’s directive to provincial heads to review and clampdown on internet lottery sales earlier this month (see previous reports) was motivated by some operators failing to register all their ticket sales, a financial services company surmised this week. North Square Blue Oak focuses on the Asian markets and issues impacting them, and …
The news earlier this week that 500.com had temporarily suspended online lottery operations at the request of regulating authorities (see previous report) has been followed by reports of similar suspensions on other companies in the lucrative market. Alibaba Group Holding Ltd announced Saturday that it had suspended online lottery sales due to pressure from industry …
The Hong Kong-based and China-focused online lottery provider 500.com suffered a 15 percent decline in its share price this week amid rumours that the Chinese government could revoke its the licence. It was the biggest hammering the shares have taken in the past year, and took place despite, or perhaps as a result of, an …
The Chinese online sports lottery operator 500.com has warned that ticket sales may decline by as much as 3.3 percent this quarter after posting a 44 percent y-o-y decline in operating profits and noting that costs have doubled. The Shenzhen-based company’s stock pitched sharply down 6.1 percent to $18.01 following the warning, made necessary by …
Coinciding with Chinese premier Xi Jingpin’s warnings to Macau to tighten up its regulation of gambling (see previous reports), the Xinhua official news agency has published the latest figures in the government’s two-month-long intensified crackdown on gambling. The agency reports that over 30,000 people have so far been arrested during the anti-gambling drive, with the …
Perhaps motivated by a widespread drive against corruption in China, the vast country’s president, Xi Jinping, called for tighter controls over gambling as he ended a brief visit to the Macau special region this week. The Chinese leader called on regional authorities to strengthen supervision and improve the regulation of gambling on the island, which …
Online gambling software provider Microgaming has given internet punters something to look forward to early in 2015 with the preview publication on Youtube of a new 5 reel, 243 Ways-to-Win multi-featured video slot branded Gung Pow. The game has plenty of fireworks, both visually and within the features, which include free spins and the possibility …