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Industry
April 26, 2023
Chinese Man Kidnaps Grandchild, Wants Ransom to Pay Gambling Debt
Gambling addiction can have dire consequences for the life of the person that is addicted. In addition to affecting their own life, many gambling addicts ruin the life of their families and loved ones. This is because, in severe cases of gambling addiction, people may steal or get involved in other crimes. Given that addiction […]
Industry
April 13, 2023
Chinese Table Tennis Pro Rejects Paying Gambling Debt with Ex-lover Videos
Zhang Jike is a former table tennis star from China that is globally recognized. He was the fourth male player in the history of the sport to hit a career Grand Slam, after winning gold in the men’s singles during the Olympic games in London in 2012. And that’s not Jike’s only recognition within table […]
Legal
February 24, 2023
Hong Kong Police Cracks Down on Triad Members in Operation Levington
Last October, a criminal gang from Hong Kong was arrested after it was discovered that it had collected HK$40 million ($510,000) using an illegal gambling platform run by the members of the organization. Now, further proving its ongoing efforts to crack down on the triads that are usually connected to illegal gambling, sex and drug […]
Blockchain
February 22, 2023
Hong Kong Considers Crypto Trading, Launches Consultation on Rules
Currently, China has tough regulations when it comes to crypto trading. In fact, the country has cracked down on the activity and banned such transactions in an effort to protect its population from speculative transactions and fraud attempts. This crackdown resulted in many Chinese crypto-focused web3 businesses giving up on the opportunity to operate within […]
Casino
February 21, 2023
Morgan Stanley: Macau 2023 GGR and EBITDA Revised Upwards
Gambling industry analysts at Morgan Stanley believe that gambling in Macau is on the way to recovering, raising its gross gambling revenue (GGR) estimate for 2023 by 42% and 2023 EBITDA estimate by 70%. Better Product Mix, Higher Margins According to the note released by Morgan Stanley on Monday, the gambling industry in the Special […]
Casino
February 17, 2023
China Wants to Help Cambodia Eliminate Illegal Gambling in All Forms
China in particular has been very keen to eliminate cross-border gambling, expending a considerable effort to this end over the past years, arresting thousands of suspects, shuttering gambling sites, operations, and more. All the while, the country has been trying to elicit the same level of commitment from neighbors such as the Philippines and Cambodia […]
Legal
January 18, 2023
Former Suncity Group CEO Alvin Chau Gets 18 Years in Prison
GGR Asia reported that Chau, who was arrested back in November 2021, was found guilty on charges of illegal gambling, including running illegal gambling activities in licensed venues and fraud. Chau was not found guilty of charges of money laundering. Suncity Group’s Side-Betting Scheme Confirmed Macau Court of First Instance’s judge Lou Ieng Ha pronounced […]
Casino
January 3, 2023
Spam Bots on Twitter Promote Gambling in China, Says Study
One of the main challenges social media faces nowadays are spam bots. Despite algorithms and integrity measures, automated bots that promote ads continue to be a thing that’s part of major social media platforms, and getting rid of them requires a lot of scrutiny and resources. Spam Bots Continue to Be a Part of Social […]
Casino
January 3, 2023
Wanted Illegal Gambling Boss Arrested in the Philippines
Zhanhong is wanted in China over his alleged participation in illegal gambling operating out of Shandong province in the country. He was arrested on Monday by the Philippines Bureau of Immigration which was tipped by homologs in China. Zeng was apprehended on board one of Air China’s aircraft as he was leaving Ninoy Aquino International […]
Legal
January 2, 2023
Gambling Concessionaires in Macau to Pay New Casino Floor Fee
The taxation of gambling plays an important part in the regulation of the activity and raises invaluable revenue for local and country-wide initiatives. Currently, gambling operators in Macau pay a 35% tax on their gross gaming revenue. The operators are due to pay another 5% of their gross gaming revenue in the form of tax […]
