Chinese authorities continue to work with their overseas counterpart in a bid to clamp down on illegal casinos that target nationals. A police raid in Cambodia’s capital last week ended up with a brief shootout and 200 people apprehended. Police Raid in Phnom Penh Results in 200 Arrests Illegal activities, including gambling, continue to thrive […]
MaximBet is on a roll. It has quickly added new states to its betting portfolio and doesn’t plan on slowing down anytime soon. Supporting its efforts is a Chinese company, ZK International Group, which just gave the company another injection worth $10 million. Further investments could be coming if MaximBet stays on track with its […]
Beijing has once again sent an unequivocal message to those who think they can flaunt the country’s draconian anti-gambling measures. China’s State Administration of Foreign Exchanges (SAFE) has confirmed that ten individuals have been issued cumulative fines to the tune of $900,000 in a case pertaining to illegally remitted funds for the purposes of gambling. The largest […]
The LPL Summer Playoff Finals are upon us with FunPlus Phoenix and Edward Gaming facing off on Thursday, September 2 in what will be a defining series for them. Whoever wins will claim the first seed in the League of Legends Pro League. While both teams deserve to win, the oddsmakers seem to favor one […]
China’s Ministry of Culture and Tourism has included gambling mentions in its new blacklist that excludes certain songs from the country’s nearly 50,000 karaoke venues. Karaoke Venues Required to Update Lists Before October 1 China’s karaoke venues will be required to update their lists of songs by removing the ones with “illegal content” by October 1, China’s Ministry of Culture […]
Macau could be on the verge of receiving a large and expensive gift. Rumors are circulating that China may be preparing to give the city the island of Hengqin, which, should it happen, would give Macau greater flexibility as a global tourism hotspot. It could also, in theory, provide a boost to the city’s casinos. […]
A leading Chinese cryptocurrency mining enterprise announced today a restructuring of the business to de-consolidate subsidiaries related to its lottery operations. VIE Structure Eliminated Bit Mining Limited is eliminating its variable interest entity (VIE) structure and related Chinese lottery business for nil consideration, the New York Stock Exchange (NYSE)-listed company revealed in a press release. […]
The gambling mecca of Macau is set to face tougher regulations as government authorities look to double the number of casino inspectors. Several departments are tipped to be restructured, as the city looks to ramp up its hold over the casino industry. The move to beef up supervision of the gambling hub comes as the […]
A total of 26 mining farms will shut down by the end of June resulting from an order issued by the municipal government of Ya’an in the Chinese province of Sichuan. China’s Crypto Mining Exodus is Underway Bitcoin mining operators should leave Sichuan, China, by June 25, according to local news outlet PANews, which cited […]
China continues to spearhead efforts to implement a central bank digital currency (CBDC) after its digital yuan experiment expanded with a conversion feature across ATMs in Beijing, news agency Xinhua reported. ATMs Allow Exchange between Digital and Physical Money According to the media report, two major Chinese banks, The Industrial and Commercial Bank of China […]
