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Esports
September 1, 2021
LPL Summer Playoffs FunPlus Phoenix vs Edward Gaming Odds, Picks, Preview
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 […]
Legal
August 17, 2021
Beijing Targets Karaoke Songs to Protect National Unity
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 […]
Industry
July 30, 2021
The Chinese Island of Hengqin Could Soon Belong to Macau
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. […]
Blockchain
July 26, 2021
Bit Mining to Divest Lottery Operations, Focus on Crypto Mining
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. […]
Industry
June 21, 2021
Macau Authorities Expect to Double Casino Regulators
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 […]
Blockchain
June 18, 2021
Sichuan Government Kicks Out Bitcoin Miners
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 […]
Blockchain
June 18, 2021
China’s CBDC Available for Exchange via 3,000 ATMs in Beijing
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 […]
Industry
June 11, 2021
CAC Outlines 4 Measures to Combat Cross-Border Gambling
China authorities have no intention of easing the pressure on offshore gambling groups and activities which continue to solicit its residents to gambling via websites and mobile applications. Cross-Gambling Still an Issue The Cyberspace Administration of China (CAC), the central internet regulatory, oversight and control agency of the country, presented at a meeting of the […]
Legal
June 9, 2021
Las Vegas Sands Brought to Macau Court over $12B in Damages
A lawsuit filed in Macau against Las Vegas Sands (LVS) nearly a decade ago by a former casino license partner is seeking a mammoth compensation from the casino giant, Reuters reports. Claims for 70% of LVS’s Profits Asian American Entertainment Corporation, a company LVS submitted a joint bid for a Macau gaming concession in 2001 […]
Casino
June 9, 2021
MGM Resorts-backed Venture to Launch the MGM Name in China
The Diaoyutai State Guesthouse in China has played host to foreign dignitaries like Vladimir Putin, Kim Jong-un, Theresa May, Richard Nixon and others since it opened in the 1950s. It is also the former home of China’s Cultural Revolution, which lasted from 1966 to 1976. While that cultural revolution had a completely different goal in […]