Tag Archives: xi jinping
- Macau casino stocks in highest level since 2015
April 10, 2017
Macau casino stocks are making a comeback since President Xi Jinping launched his anti-corruption campaign. Bloomberg reported that Macau casino stocks have clawed their way back to the highest level since August 2015 as worries over Beijing’s anti-corruption campaign wanes. Hong Kong-based financial institution Sun Hung Kai Financial noted that...
- GPL China reveals eight franchise names
December 13, 2016
The Global Poker League China announced the names of the eight teams that will compete in the debut season. The names of the team managers and players will follow in the coming months. You won't find Chinese President, Xi Jinping, playing roulette or craps. Jinping believes gambling is bad news...
- Philippine casinos to benefit from China tourism deal
October 20, 2016
China and the Philippines have struck a deal to boost tourist travel between the two Asian nations. On Thursday, Philippine news outlet Business Mirror reported that China and the Philippines had reached agreement on implementing a 2002 memorandum of understanding signed by both countries. The goal of the MOU is...
- Gaming, junket jobs in Macau drops in Q2
July 30, 2015
The number of Macau’s gaming and junket jobs dropped to 83,800 in the second quarter of 2015. Jobs in the gaming industry accounts for 20.6 percent of the city’s total labor force, which currently stands at 405,400. The total number of gaming and junket jobs in Macau shrunk by 800...
- Shanghai entrepreneur owes $160 million in gambling
February 24, 2015
The Chinese government is investigating Shao Dongming—CEO of Chinese property development company Dongding Investment—for corruption, specifically his $160 million worth of gambling debts in Macau. Shao Dongming, known as one of the richest men in Shanghai, has been gambling in Macau since 2011 and has been nicknamed “The Red King...
- China executes billionaire business tycoon with gambling ties
February 10, 2015
China’s fight against corruption is no joke. Take the case of billionaire tycoon Liu Han, who was just executed after being found guilty of running a "mafia-style" gang responsible for multiple murders, assaults, gun-running, theft and embezzlement. Multiple reports also indicated that Liu's crimes included running illegal underground casinos. According...
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