The Latest in china
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Legal

China Seeks to Stem $146bn Annual Outflow to Foreign Gambling Operators

China continues to clamp down in a bid to stem the outflow of $146 billion annually to foreign gambling operators. Ministry of Public Security Rolls Sleeves Up to Clamp Down on Gambling A new report by the Ministry of Public Security claims that Chinese gamblers remit $146 billion a year to cross-border operators. Liao Jinrong, […]
China Seeks to Stem $146bn Annual Outflow to Foreign Gambling Operators
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Cryptocurrency

China Busts a USDT Gambling Ring Facilitating Payments Abroad

Chinese authorities have cracked down on an illegal gambling facilitator, arresting 76 suspects and cutting access to over 120 online gambling websites based outside of the country. China Hunts Down an Illegal USDT Gambling Operation China continues with its crackdown on unauthorized gambling operations. In the latest bust, the Public Security Bureau in Huizhou City […]
China Busts a USDT Gambling Ring Facilitating Payments Abroad
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Business

AC Milan and Yabo Sports Strike 3-Year Digital Partnership

AC Milan will capitalize on a new gambling partnership with Yabo Sports and tap into its large fan base in places like China and all across Asia. Yabo Sports to Spearhead AC Milan’s Digital Expansion in Asia AC Milan has teamed up with Yabo Sports as part of the team’s efforts to continue pivoting towards […]
AC Milan and Yabo Sports Strike 3-Year Digital Partnership
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Business

AGTech Expands in China, Wins Five Sports Lottery Tenders

AGTech’s subsidiary, AGTech GOT Technology won five tenders in China, allowing the company to supply sports lottery terminals for four provinces and one municipality. AGTech GOT Won Five Tenders in China The integrated technology and services company AGTech Holdings’ Beijing subsidiary AGTech GOT Technology has won five tenders. With that move, the company clearly continues […]
AGTech Expands in China, Wins Five Sports Lottery Tenders
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Business

PokerStars Reportedly Exiting China, Macau, and Taiwan

PokerStars may be exiting the China, Macau, and Taiwan market, suggests an email posted on the Two Plus Two poker forum yesterday. In an earnings call last week, the parent company Flutter Entertainment did note that it switched off a small number of jurisdictions. Is PokerStars Withdrawing from China, Macau, and Taiwan? PokerStars may be […]
PokerStars Reportedly Exiting China, Macau, and Taiwan
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Legal

Animated Series Aim to Inform Chinese on Dangers of Gambling

In a string of animated anti-gambling videos, Chinese authorities have sought to educate citizens about the dangers of participating in illegal gambling operations, from identity theft to being kidnapped abroad. Anti-Gambling Campaign by Chinese Authorities Features Cartoon Videos Chinese authorities continue with the crackdown on illegal gambling with the most recent bust of a cargo […]
Animated Series Aim to Inform Chinese on Dangers of Gambling
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Business

Wynn Cautions US-Chinese Tensions Could Affect Macau Gaming

With the US-Chinese relations deteriorating under President Donald Trump, Wynn Resorts has expressed concerns that bad politics could impact business. Wynn Resorts Anticipates Worsening of Business Climate in China With the United States drawing nearer to election date, US President Donald Trump has used his gung-ho rhetoric against China generously. He imposed sanctions on several […]
Wynn Cautions US-Chinese Tensions Could Affect Macau Gaming
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Business

US-China War Edging Towards a Ban of All Tencent Gaming

In the latest volley against China, U.S. President Donald Trump has issued an executive order banning transactions with Tencent and ByteDance the parent companies of WeChat and TikTok respectively. In doing so, there may be implications for popular games such as Valorant, Fortnite, League of Legends, and others that are heavily reliant on in-game transactions. […]
US-China War Edging Towards a Ban of All Tencent Gaming
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Legal

China Starts Online Tool for Citizens to Report Illegal Online Gambling

China has expanded its efforts to clamp down on cross-border gambling with the state now launching an online platform where citizens can report individuals suspected of running online gambling. Chinese Ministry of Public Security Calls on Citizens to Report Gambling Ramping up measures against unauthorized online gambling, the Chinese Ministry of Public Security has created […]
China Starts Online Tool for Citizens to Report Illegal Online Gambling
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Legal

China’s Central Bank Calls for Stemming Cross-Border Gambling Flows

The central bank of China made an announcement Thursday regarding talks held with other Chinese government departments concerning measures for combatting cross-border flow of funds for gambling purposes, GGRAsia news outlet reports. The announcement raised fears the discussed reinforced efforts, among which new anti-money laundering (AML) measures, would be directly affecting Macau gambling, concerns even […]
China’s Central Bank Calls for Stemming Cross-Border Gambling Flows