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Legal
September 7, 2021
Japanese Lawmaker Accused of Accepting Bribes in IR Scheme Heads to Jail
The idea of bringing integrated resorts (IR) to Japan to allow casino gambling has been tossed around for more than 20 years. However, it wasn’t until a few years ago that the plan gained enough traction for it to be accepted. The entire time, opponents argued that bringing casinos into the country would only lead […]
Blockchain
February 3, 2021
500.com Purchases Additional 15,900 Bitcoin Miners
500.com has acquired an additional 15,900 Bitcoin mining machines with a combined hash rate of around 1,000 petahashes a second. 500.com Acquires Additional 15,900 Bitcoin Mining Machines Chinese online gambling operator 500.com has announced an additional expansion of its Bitcoin mining operations. The announcement comes less than a month after the company’s previous mining ramp-up. […]
Business
January 30, 2021
500.com to Boost Loto Interactive Stake via $13.5 Million Deal
500.com has entered a deal to acquire 169 million shares of Loto Interactive, a Hong-Kong-based lottery services provider, for $13.5 million. From 33.7% to 54.2% Stake Chinese top online lottery provider 500.com will acquire about 169 million shares of Loto Interactive, boosting its current 33.7% stake in the Hong-Kong-based lottery services company to about 54.2%. […]
Casino
January 11, 2020
Miki Shimoji Latest Japanese Official to Face Consequences of IR Influence-Peddling
The latest of a series of events surrounding the ongoing bribery scandal in Japan, that had started in late December around a casino resort opening project, has to do with a relatively small party: Nippon Ishin no Kai. This political minnow has opted to expel their House of Representatives member Mikio Shimoji, instead of accepting […]
Legal
January 7, 2020
500.com’s CEO Pan Zhengming Temporarily Steps Down
The Chinese boss of 500.com, Pan Zhengming, has requested from the company’s board of directors to be temporarily suspended while an investigation determining the alleged involvement of 500.com in Japan’s integrated resorts bribery scandal is concluded. 500.com CEO to Vacate Post While Investigation Continues The chief executive of 500.com Pan Zhengming has stepped down from […]
Casino
January 2, 2020
Five New Lawmakers Named in IR Corruption Scandal in Japan
New information cited by Japanese media outlets has led investigators to suspect five Japanese lawmakers for allegedly accepting bribes from Chinese gaming giant 500.com in order to push the company’s bid for an integrated resort in Hokkaido. Japan’s Future Integrated Resorts Marred in Corruption Scandal The plot thickens in Japan as five new lawmakers have […]