![]() ![]() -2017 NBA Finals MVP Kevin Durant |
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13th June 2017 | SHARE THIS
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The Story | |||
Chinese authorities have indicted 18 Crown Resorts staffers, including three Australians, almost eight months after they were arrested for alleged gambling crimes. |
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Walk me through what happened. |
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According to a disclosure of Crown to the Australian Stock Exchange, the detained employees “have now been charged with offences related to the promotion of gambling and their cases have been referred to the Baoshan District Court.” The 18 staffers were rounded up in October 2016 in a “Duanlian” operation. |
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What is a “Duanlian” operation? |
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Duanlian is a sting operation against gambling-related activities. It reportedly aims to uncover personal and financial links of Chinese high rollers from foreign casinos. |
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How did Crown became a target of Chinese authorities? |
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With gaming and its explicit advertising being illegal in China, authorities have become strict in monitoring casino operators who have been attracting high rollers from the mainland to gamble overseas. However, despite previous warnings, Crown allegedly attempted to circumvent Chinese rules by simply packaging tour activities as resort instead of casinos. Thus, resulting to the arrests. |
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Takeaway |
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Crown is now facing the consequences of spitting on the faces of Chinese authorities. |
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Product Profile – Betsoft Gaming | |||
In this interview with Stephanie Raquel, Betsoft’s VP for Sales and Marketing Mark McKeown shares the latest in online casino and the security measures they put in place to protect patrons and operators. |
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Tang Hao-led firm picks up another 2M shares of Amaya Gaming | |||
Hong Kong-based investor Tang Hao went on a buying spree as it purchased more than two million shares of Amaya Gaming’s stocks this month. |
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VLT rollout costs drag OPAP Q1 net profit down by 8.7% | |||
Expenses for rolling out new video lottery terminals (VLTs) and other games have hurt OPAP’s net profit for the first three months of the year which came in at €39 million ($42.8 million). |
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AGA bets big on coalition fighting US sports betting ban | |||
AGA has linked arms with law enforcement agencies, government officials and pro-sports betting proponents to pressure the national government to repeal the 25-year-old Professional and Amateur Sports Protection Act (PASPA). |
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Go to Venice, Italy to visit Casinò di Venezia, believed to be the first brick and mortar casino ever built. It was built in 1638. |
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In introducing a new product, familiarity is key. People tend to choose products which they know. |
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Playtech agrees Caesars Entertainment EMEA casino management deal |
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Playtech has signed a large-scale casino management system deal with Caesars Entertainment EMEA that will give the casino group complete control of the operation of eight properties, 178 gaming tables and 427 electronic terminals. |
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Congratulations to the Golden State Warriors for their almost perfect sweep to win the NBA Finals 2017 Championship trophy! The Warriors vanquished the Cavaliers in Game 5, 129-120. |
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Want to be a guest contributor? Email bill@calvinayre.com |
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