Business
September 1, 2020
PokerStars Reportedly Exiting China, Macau, and Taiwan
PokerStars may be exiting the China, Macau, and Taiwan market, suggests an email posted on the Two Plus Two poker forum yesterday. In an earnings call last week, the parent company Flutter Entertainment did note that it switched off a small number of jurisdictions. Is PokerStars Withdrawing from China, Macau, and Taiwan? PokerStars may be […]
Legal
August 21, 2020
Animated Series Aim to Inform Chinese on Dangers of Gambling
In a string of animated anti-gambling videos, Chinese authorities have sought to educate citizens about the dangers of participating in illegal gambling operations, from identity theft to being kidnapped abroad. Anti-Gambling Campaign by Chinese Authorities Features Cartoon Videos Chinese authorities continue with the crackdown on illegal gambling with the most recent bust of a cargo […]
Business
August 19, 2020
Wynn Cautions US-Chinese Tensions Could Affect Macau Gaming
With the US-Chinese relations deteriorating under President Donald Trump, Wynn Resorts has expressed concerns that bad politics could impact business. Wynn Resorts Anticipates Worsening of Business Climate in China With the United States drawing nearer to election date, US President Donald Trump has used his gung-ho rhetoric against China generously. He imposed sanctions on several […]
Business
August 7, 2020
US-China War Edging Towards a Ban of All Tencent Gaming
In the latest volley against China, U.S. President Donald Trump has issued an executive order banning transactions with Tencent and ByteDance the parent companies of WeChat and TikTok respectively. In doing so, there may be implications for popular games such as Valorant, Fortnite, League of Legends, and others that are heavily reliant on in-game transactions. […]
Legal
June 25, 2020
China Starts Online Tool for Citizens to Report Illegal Online Gambling
China has expanded its efforts to clamp down on cross-border gambling with the state now launching an online platform where citizens can report individuals suspected of running online gambling. Chinese Ministry of Public Security Calls on Citizens to Report Gambling Ramping up measures against unauthorized online gambling, the Chinese Ministry of Public Security has created […]
Casino
June 15, 2020
New Beijing COVID-19 Cases Unlikely to Disrupt Recovery
According to Hoffman Ma Ho Man the newly-reported cases of COVID-19 will not disrupt the overall recovery and lifting of border restrictions. Still, lifting those restrictions cannot be predicted with accuracy, Ma cautions. COVID-19 Cases in Beijing Not Very likely to Disrupt Overall Recovery GGRAsia, the leading casino business journal covering Asia’s gambling industry, has […]
Legal
June 14, 2020
China’s Central Bank Calls for Stemming Cross-Border Gambling Flows
The central bank of China made an announcement Thursday regarding talks held with other Chinese government departments concerning measures for combatting cross-border flow of funds for gambling purposes, GGRAsia news outlet reports. The announcement raised fears the discussed reinforced efforts, among which new anti-money laundering (AML) measures, would be directly affecting Macau gambling, concerns even […]
Legal
June 6, 2020
China Continues to Fight Against Gambling, $183M Illegal Ring Busted
China might have cracked on the biggest illegal organized gambling ring so far, halting operations to the extent of $183 million, some part of which directed towards high-stakes play in Macau, a recent report by the Asian newsletter GGRAsia suggests. Police in mainland China’s Nantong city in Jiangsu province announced 18 people, led by a […]
Business
March 2, 2020
H2: Global Gambling Market Braces For Coronavirus Negative Impact
The global outbreak of the novel coronavirus /Covid-19/ is expected to bring the gambling revenue to 2018 levels in the optimistic, or worse, to 2017 levels in the pessimistic scenario, H2 Gambling Capital, the gambling industry data specialist company suggests. Global Decline Forecast A decline of up to 8% in gross global gambling revenue in […]
Legal
February 24, 2020
China Government Cancels Passports Of Its Citizens Involved In Illegal Gambling
Passports of Chinese citizens working for online gambling companies in the Philippines have been cancelled by the Chinese government in its latest attempt to clamp down on illegal gambling that affects the country. Chinese Officials Step Up After the news that China has acquired a list of Chinese nationals that work for online gaming operators […]