Tag Archives: Hainan
- Asian sports lotteries cash in on World Cup betting boom
June 15, 2014
China’s sports lottery business is enjoying the expected boom from the kickoff of the 2014 FIFA World Cup. On Friday, the National Sports Lottery Management Center reported that the first day of World Cup wagering had brought in over RMB 150m (US $24.1m) in sales. That’s a nearly five-fold bump...
- Communist Party officials insist there will be no casinos on Hainan
March 7, 2014
Chinese Premier Li Keqiang has reassured Macau that China will continue to uphold the ‘One Country, Two Systems’ principle that has allowed Macau to become the globe’s top casino hub. Li made the remarks on Wednesday at the opening session of the annual meeting of the National People’s Congress (NPC),...
- Chinese authorities shut down Mangrove Tree Resort World ‘cashless’ casino… again
January 26, 2014
Police in China’s southwestern province of Guizhou haven’t yet caught the lead suspect in the bombing of an illegal gambling den that killed 15 people earlier this month, but they have continued their crackdown on similar establishments. Last week saw local authorities destroy over 1k pieces of gambling equipment seized...
- Panda virus authors sentenced; Chinese VIP brings machine gun to Philippine casino
January 9, 2014
The Chinese tech-savvy miscreants responsible for the ‘Panda Burns Incense’ virus have been given stiff jail sentences for their involvement in an illegal online gambling operation. On Wednesday, Li Jun and Zhang Shun were sentenced to three and five years respectively for their roles in facilitating the Gold Ingot Chess...
- Japan casino tax likely to max out at 20%; Hainan’s ‘cashless’ casinos return
September 11, 2013
Casino operators looking to set up shop in Japan will likely face a maximum 20% tax on gross revenue, according to Union Gaming Research. Half of that slice will go to the national government, while local governments in whose jurisdictions the casinos are built will take the same or less....
- Beijing growing impatient with Macau economic diversification efforts?
April 3, 2013
Last week, as Galaxy Entertainment Group (GEG) reported the doubling of its annual profit in 2012, GEG vice chairman Francis Lui remarked on the increasing importance of the rapidly expanding Chinese middle class to Macau casinos’ bottom line. “In 2010, there were 50m in the middle class. In 10 years...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017
Huobi wants Chinese bitcoin users to explain source of funds
March 22, 2017