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Legal
May 14, 2021
Chinese Crypto Trader Stands Trial in Online Gambling, AML Case
A prominent crypto trader stands trial in China as the country is prosecuting the “Paofen platform” crew which allegedly laundered over $7 billion. Trial against Paofen Platform Crew Begins China has been determined to crack down on illegal gambling and has pursued various means to do so, from massive raids on its territory to projecting soft power […]
Casino
April 27, 2021
Macau Casinos Expected to See Significant Response for Upcoming Holiday
For virtually all of 2020, casino operators in Macau could only stare at empty or near-empty gaming floors as the COVID-19 pandemic locked the city down. Stress and anxiety were the terms du jour for months on end as it seemed like the situation would never improve. Macau ended the year with almost no positive […]
Blockchain
April 19, 2021
Willy Woo Says Power Outage in China Tanked Bitcoin’s Value
Willy Woo has presented arguments to support the argument that a power outage in Xinjiang, China, is related to the weekend Bitcoin price crash. Power Outage in Xinjiang Potentially Linked to BTC Crash On-chain analyst Willy Woo has pegged the recent Bitcoin crash to power outages in Xinjiang, China, the province that accounts for close to one-quarter of the […]
Industry
April 15, 2021
Macau Could Be Positioning Itself Closer to Use of China’s Digital Currency
Several months ago, a disturbing report surfaced that indicated that Macau might be considering adopting China’s new digital currency, the digital yuan, as the primary currency at the city’s casinos. The rumors were initially refuted by city leaders; however, the revelation had been made by sources involved with the initiative. Now, there’s no denying the […]
Legal
April 12, 2021
China Apprehended 110,000 Suspects of Cross-Border Gambling
The Chinese government continues to ramp up its efforts to curb illegal cross-border gambling with 110,000 apprehended suspects so far. China Has Investigate More Than 17,000 Cross-Border Gambling Cases On Tuesday, the state-owned news agency Xinhua disclosed a report by the Chinese Ministry of Public Security, which stated that the Chinese police investigated more than […]
Casino
April 1, 2021
Macau March GGR Report Showed No Signs of Industry Recovery
The Gaming Inspection and Coordination Bureau in the Special Administrative Region (SAR) of China Macau released revenue figures from games of fortune for March, posting gross gaming revenue (GGR) of MOP8.31 billion ($1.04 billion). Far from Pre-Closure Levels March GGR represented an increase of 13.6% to the MOP7.31 billion the gaming industry in Macau generated […]
Sports
March 25, 2021
Sportradar Inks Multi-Year Deal with Chinese Basketball Association
The Chinese Basketball Association (CBA) and Sportradar have signed a multi-year brand awareness and data deal to reach new global audiences. CBA Looks for Global Awareness Opportunities with Sportradar Sportradar has strengthened its footprint in China through a multi-year partnership with the Chinese Basketball Association (CBA). The company, known for its rigorous integrity standards and actionable sports […]
Casino
February 22, 2021
Japanese House Rep. Asks How Chinese Blacklist Would Impact Integrated Resorts
The Chinese government expands its travel ban on gambling destinations but has not revealed the list publicly. Speculations as to why the list is necessary vary from protecting Chinese citizens to stop spending money abroad, making Japan question whether its upcoming Integrated Resort would fall within the blacklist. Japan Silent on China’s Upcoming Gambling Blacklist […]
Legal
February 8, 2021
Government in China Continues the Crackdown on Illegal Gambling
Only days before the Chinese New Year, the government announced that the efforts against gambling trips and illegal gambling will continue. In a statement, the Ministry of Public Security urged individuals who were guilty of such offenses to surrender in exchange for a lenient punishment. China Ramps Efforts against Illegal Gambling and Gambling Trips In […]
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%. […]