BUSINESS

China gets hostile with offshore gambling firms

TAGs: China, offshore online gambling firms, providers of online games

Ladrbokes, Bet365, 188Bet - tool up

Ladrbokes, Bet365, 188Bet - tool up

Is China’s online gaming bubble about to burst? US-traded shares for the biggest providers of online games have slumped, with Shanda Interactive Entertainment down 14% and shares for Perfect World plunging 13.6%. “There are also concerns about the Chinese government introducing new restrictions,” says Adam Krejcik, an analyst for Roth Capital Partners. No shit, Adam. That wouldn’t be the same Chinese government that has described the likes of Ladbrokes, Bet365 and 188Bet as “overseas hostile forces”, would it? Or the same ‘People’s’ Republic of China which has been in talks with North Korea? The linked article below rightly speaks of an ominous crackdown on gambling in the Land of the Dragon but it erroneously claims that Bodog Asia has stopped taking bets from China, where it is still going strong. Read more.

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