On the search for "Chinese" we found the following results:
Macau is too dependent on gambling and needs to diversify, the chairman of China’s Basic Law Committee, Li Fei, told Hong Kong media reporters this week, expressing opinions that are unlikely to boost the morale of operators in a market that has been declining for the past six months and shows little sign of immediate …
Malaysia is to turn to the human rights-challenged Chinese government for assistance in tackling illegal online gambling, corruption and prostitution, Minister of Home Affairs Datuk Seri Ahmad Zahid Hamidi told reporters Saturday after visiting an exhibition held in conjunction with the 60th anniversary of the Film Censorship Board. The Minister said there are plans to …
The publication China.org reports that police in China’s central Hunan province have broken up an internet gambling ring involving over 20 million yuan in wagers (US$3.2 million), arresting seven people and searching for a further 20 individuals believed to be involved. Over 200 officers were deployed in breaking up the ring, a police spokesman in …
China’s two main official lotteries, the Welfare Lottery and the Sports Lottery are garnering billions for local and national government and soared during 2013, reports the publication China.org. Total sales reached $49 billion in 2013 and are set to exceed that in 2014, China.org reports, observing that last year the Sports Lottery delivered sales worth …
A mobile internet application development and marketing firm based in Palo Alto, California has been awarded a sports lottery licence by the Chinese provincial body, the Fujian Administration of Sport and Gaming. XcelMobility Inc., says the licence it has received permits it to supply sportys lottery services using mobile devices. Ronald Strauss, executive chairman of …
Thousands of Chinese ruling party and provincial government officials have been shamed and punished for gambling since mid-2013, according to a report in the Shanghai Daily newspaper this week. A report published by the central government reveals that 7,162 officials were punished, based in more than 30 cities and provinces, with east China’s Zhejiang and …
Affiliate reports this week suggest that Bet365 is turning away new business from Chinese punters following an in-depth report in UK newspaper, The Guardian (see previous report). Bet365 responded at the time by saying: “In the view of bet365, and its lawyers, Chinese law does not extend to the provision of services into China by …
Leading British newspaper The Guardian has published an extensive report suggesting that gambling firm Bet365 is knowingly flouting Chinese law in offering online gambling to Chinese punters. The Guardian bases its report on documents it says it has in its possession, interviews with former and current bet365 employees, Freedom of information requests made to the …
Chinese high rolling gamblers are setting their sights on gambling destinations other than Macau as Chinese authorities clamp down on extravagance and corruption, Bloomberg reports. According to Morgan Stanley Hong Kong analyst Praveen Choudhary, Chinese gamblers are boosting growth in casinos from Manila to Las Vegas as they fly under the Chinese authorities’ radar, an …
Rumour and speculation arising from an investment conference followed by an online article that questioned to legality of licensing and other aspects of the successful and fast-growing Chinese sports lottery provider 500.com have prompted the company to issue a rebuttal as share prices declined. 500.com emphasised that: * Full disclosure on its business and operations …
The unrelenting pressure on both land and online gambling during the football World Cup – especially in Asia – has continued this week, with the Shanghai police reporting the arrest of 32 persons and the seizure of 2.4 million yuan ($386,400) in illegal wager funds. 11 main suspects among the 32 arrested were detained, with …
The massive amount of Asian – and particularly Chinese – betting on the current football World Cup has again underlined the huge potential of this deeply restricted market…and companies not directly involved in the wagering process are benefiting handsomely, reports the Agence France Presse news agency. The report centres on giant Internet technology companies like …
A conclusion was reached Thursday in what has been described as one of China’s biggest online gambling ring busts – and there have been a few – when a court Guangzhou, Guangdong province sentenced 68 defendants to terms of imprisonment ranging from 17 months to 9 years, depending on how deeply involved they were in …
Chinese television network CNTV reports that sales of sports lottery tickets are booming as a result of the World Cup football currently unfolding in Brazil. Statistics from China’s General Administration of Sport show that lottery sales related to the World Cup hit a new high by midday on June 21st… just 9 days into the …
The commercial clout of the business media was again illustrated last week when companies with an interest in online lottery activities in China found their share prices under siege following a misinterpreted report from a news agency that the government regarded all online lottery operations as illegal. So serious was the fall-out, China’s Ministry of …
Spurred on by complaints from microlenders and pawn shops who see as much as 40 percent erosion of their business through luckless gamblers resorting to bank cards rather than selling property to cover land gambling debts, the Chinese government has embarked on a crackdown at UnionPay, the only legal domestic bank-card organisation available to Chinese …
The Chinese online sports lottery operator 500.com has SEC-filed a follow-on trade and convertible bond offering that could raise $480 million. The New York-listed firm’s proposed American Depository Shares transaction is expected to contain a mix of primary and existing shares made available by two major shareholders – Brothers Union International and Clear Treasure Group. …
The government-approved Chinese sports lottery 500.com continues to present staggering statistics on its performance, and is hoping for even bigger revenues through its mobile operations and the addition of more social networking features to its lottery sales platform ahead of the FIFA World Cup. Last year 500.com sold more than 3 billion yuan (US$ 488 …
A court in Guangzhou district, in China’s Guangdong province, has started hearing the country’s largest illegal online gambling case, involving 484 billion yuan ($78.79 billion) in wagers, reports the Xinhua news service. The ring mainly attracted betting on international football matches via offshore gambling websites, but was also involved in illegal casino activity. Nineteen defendants …
The chief of forestry police in China’s Guangdong province has been removed from his post following revelations that he had wagered 1.05 million yuan ($170,000) in borrowed money on international football matches, using un-named online gambling websites. Police chief Ling Ziqun borrowed the money to bet from a man named only as Deng, with the …
The two former “Panda” hackers arrested late last year for running an online gambling operation in China have been sentenced to stiff jail terms in the Liandu People’s Court sitting in Lishui, Zhejiang province. The Chinese news agency Xinhua reports that Zhang Shun and Li Jun were sentenced to five and three years Wednesday as …
The virtual football joint venture of Ladbrokes and Hong Kong-registered AGTech has announced the launch Thursday of a virtual sports lottery game in Jiangsu province – China’s largest lottery market – under the brand name Electronic Ball Lottery. The JV has entered into a long-term agreement with Jiangsu SLAC to provide it with the Virtual …
Chinese lottery statistics released this week by the Ministry of Finance again illustrate the staggering potential of the Chinese gambling market, reporting sales that reached 251.64 billion yuan (41.29 billion U.S. dollars) in the first 10 months of 2013, up 19.2 percent year on year. The news agency Xinhua reports that during this period, welfare …
One of China’s top social gaming development companies, Rekoo, has announced its intention open offices in London”s Tech City, reports the publication News Techworld. Rekoo is a Beijing headquartered firm that has a staff of over 500 deployed across Asia, and the new London venture will be geared toward development and marketing, initially with a …