Tag Archives: China
- China’s lottery firms still waiting for Beijing to resume online sales
November 14, 2017
Online sports lottery technology provider 500.com has lost its chairman nearly three years after China suspended online lottery sales. On Tuesday, the Nasdaq-listed 500.com published its Q3 earnings report, which showed revenue of RMB 43.2m (US $6.5m) in the three months ending September 30, a significant improvement on the nil...
- Philippine authorities nab 81 Chinese for illegal online gambling
November 8, 2017
A tip from the Chinese embassy has led Philippine immigration officers to a Makati-based online gambling operation where four Chinese fugitives and 77 other undocumented foreigners were illegally working. The Philippine Bureau of Immigration identified the four Chinese fugitives as Cheng Sheng Feng, 40; Tu Kangte, 30; Liu Yinan, 27;...
- Tigre de Cristal casino facing possible tax hikes, curbs in China’s mass market gamblers
November 7, 2017
The operator of the Tigre de Cristal casino in Russia’s far east is warning investors of the potential fallout of that country’s plans to dramatically hike gambling taxes. On Friday (10), Russia’s parliament will hold its second reading of draft law No. 1037957-6, which could lead to Russian-licensed gambling operators’...
- China’s new restrictions on package tours to gambling hubs
November 3, 2017
Casino markets around the world could face declines in the number of Chinese mass market gamblers entering their casino venues due to Beijing’s new rules on package tour operations. On Friday, Chinese media outlet Caixin reported that the China National Tourism Administration had announced new rules for domestic organizers of...
- Robust sports betting lifts Chinese lottery figures in September
October 30, 2017
The popularity of sports betting in China is driving Chinese lottery sales upward, according to the latest official data from the country’s Ministry of Finance. Data showed that sales of official lottery products in mainland China grew 15.1 percent to an estimated CNY36.93 billion (US$5.56 billion) in September. The positive...
- Crown Resorts says China staff arrests forced hand on Macau exit
October 26, 2017
Australian casino operator Crown Resorts’ decision to scrap its international ambitions was largely forced by China’s detention of Crown staffers for promoting illegal gambling, according to the company's largest shareholder. Crown held its annual general meeting in Melbourne on Thursday, at which company chairman James Packer said the October 2016...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017