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Lottery
December 6, 2023
Chinese Man Buys Thousands of Lottery Tickets, Wins $30M
Against all reason, a Chinese man put all of his eggs in the same basket, buying over 50,000 lottery tickets and entering the same numbers on all of them. Fortunately for him, his combination turned out to be a winning one, netting him millions of dollars. The player, who preferred to remain anonymous, is a […]
Business
December 6, 2023
Las Vegas Sands Corp Increases Stake in Sands China Ltd Amidst Market Downturn
Las Vegas Sands Corp (LVS) is strategically adjusting its position to boost its holdings in its Macau subsidiary, Sands China Ltd. A Hong Kong Stock Exchange filing revealed that the company’s controlling shareholder, LVS, intends to engage in a share purchase transaction with an undisclosed financial institution. Sands China hopes for enduring success in the […]
Industry
December 4, 2023
Police in Hong Kong Shuts Gambling Dens, Arrests 130 People
Despite the efforts of law enforcement, illegal gambling activities are common across China. Last month alone, law enforcement in Hong Kong busted multiple brothels and gambling dens in operations that resulted in the arrest of more than 300 people allegedly involved in those activities. The combined efforts of Hong Kong police authorities against triad operations […]
Casino
November 30, 2023
China’s CSCEC Secures $1.2B Contract for The Island Project in Dubai
China State Construction Engineering Corporation (CSCEC), based in Beijing, has clinched a significant contract worth AED4.4 billion ($1.2 billion) to construct The Island project, marking the largest deal since 2017. The Island Project Welcomes MGM, Bellagio, and Aria to Its Horizon The Island project, situated on a 10.5-hectare island off the coast of Umm Suqeim, […]
Legal
November 22, 2023
DouYu Confirms CEO Chen Was Arrested Earlier This Month
The Tencent Holdings-backed leading live-streaming platform, DouYu, announced Tuesday that it was informed about the arrest of its chief executive officer (CEO) and chairman of the board of directors, Shaojie Chen. The company was notified about the CEO’s arrest on November 20, 2023, and confirmed that he was taken into custody “on or about November […]
Business
November 15, 2023
Tencent Music Reports Q3 Decline amid China’s Crackdown on Gambling
Tencent Music, a company that develops music streaming services for the Chinese market, has reported satisfactory Q3 results despite the setbacks caused by the country’s crackdown on online gambling and certain gambling-like gamified features. As reported by Reuters, the music streaming company surpassed its initial quarterly estimates thanks to the noticeable increase in paid subscriptions. […]
Industry
November 7, 2023
DouYu Boss under Investigation in China over Gambling, Pornography
Earlier this year, the internet regulator in China, the Cyberspace Administration of China (CAC), announced an unexpected probe into one of the local operations of DouYu, the Tencent Holdings-backed leading live streaming platform. At the time, local media reports confirmed that the watchdog sought to address issues with the platform related to pornography, among other […]
Industry
October 11, 2023
China to Help the Philippines Crack Down on Illegal Offshore Gambling
China has confirmed its readiness to help the Philippines solve its illegal offshore gambling problem. This was announced by the former country’s embassy in Manila earlier today. For reference, the Philippines continues to be targeted by illegal gambling operations operated by Chinese nationals, among others. Having cemented itself as a leading destination for gambling tourism, […]
Casino
October 6, 2023
S&P Global Says Australian Operators Shouldn’t Count on Chinese Tourists for Revenue
Australia’s casino gaming market has long depended on rich Chinese tourists for some extra income. With gambling prohibited in most of China, Australia has long been a preferred destination for gambling tourism. However, China’s recent hurdles with COVID forced this revenue stream to shut down for a while. While the zero-COVID policy is no more […]
Industry
October 2, 2023
Macau Reports Impressive Gaming Revenue Increase for September
The gambling province of Macau has reported an extraordinary surge in gaming revenue for September 2023, showcasing its resilience and rapid recovery. Although the MOP 14.9 billion ($1.85 billion) falls below August’s results, this remarkable recovery indicates a positive trend amidst the challenges of the COVID-19 pandemic and changing government policies. Most Metrics Recorded Substantial […]
