The Latest in china
Casino
May 13, 2022
China Strengthens Anti-gambling Measures with Selective Travel Restrictions
Gamblers in China were dealt yet another blow by COVID-19-related government measures. Along with restricting all outbound travel, the Chinese National Immigration Administration (NIA) requests the same stringent rules apply to all “gambling-related persons”. The cited reasons all revolve around the new severe waves of COVID-19 cases in Beijing and Shanghai. A few policies about […]
Industry
May 12, 2022
Suncity Group Starts Unwinding Subsidiaries to Lenders
Troubled junket operator Suncity Group filed with the Hong Kong Stock Exchange (HKSE) Tuesday to inform the exchange that the company had reached an agreement to sell Goal Explore Investment Limited and Boshing Investments Limited Selling Indebted Businesses for Nominal Value Suncity Group, which recently had its junket license suspended by the Philippine Amusement and […]
Casino
May 10, 2022
China: 42,000 Illegal Cross-Border Gambling Cases Between 2020-2022
In spite of continuing its intense efforts to clamp down on illegal gambling in the country while affiliating with other Asian countries to put an end to cross-border gaming, China still catches tens of thousands of individuals under the radar each year. At the end of March, the Chinese authorities announced they discovered an outlawed […]
Industry
March 29, 2022
China Busts $1.6B Illegal Gambling Wring, Arrests 14 People
China has a monopoly on gambling in the sense there is no gambling allowed in bar lotteries and the occasional trip across the border with Macau. However, China’s lack of established gambling laws doesn’t mean that there is a lack of control, and even if some organizations manage to stay under the radar for a […]
Business
March 22, 2022
Stats Perform Extended Its Agreement with the Chinese Super League
AI-powered sports data and analytics company Stats Perform has reiterated its commitment to the Chinese Super League by inking a multi-year extension to its data agreement with the federation. Stats Perform Extends Its Agreement with the CSL As per the deal, Stats Perform will continue working as the official event and tracking data provider for […]
Legal
February 21, 2022
Fraudsters Use Metaverse Scams, Authorities in China Warn
Last week, the Banking and Insurance Regulatory Commission in China released a reminder urging the public to beware of illegal fundraising in the name of the metaverse. China Warns of Illegal Metaverse Fundraising Dangers Metaverse is a 3D virtual reality space that users can access via virtual reality (VR) goggles to connect, play, learn and […]
Industry
February 17, 2022
China Promises to Continue Crackdown on Chinese Gamblers
China continues to believe that oppression is the best form of government expression. According to China’s Ministry of Public Security, the authorities in China had achieved success in halting cross-border gambling activities in 2021 and will continue this policy this year. The country will do this by continuing its practice of blacklisting overseas institutions or […]
Industry
January 10, 2022
China Tackles 17,000 Cases of Cross-Border Gambling in 2021
China’s Ministry of Public Security has revealed the numbers of illegal cross-border gambling in 2021, arguing that enforcement officers have detected and addressed 17,000 instances of such breaches. China has been a hardliner against cross-border gambling, focusing on junket operators in the special administrative region of Macau and issuing a stern warning to foreign governments to clamp […]
Business
November 30, 2021
Suncity Denies iGaming Involvement as Alvin Chau Investigation Expands
The saga involving Alvin Chau and Suncity Group, the company that he turned into the largest junket operator in the world, is only getting started. As investigations continue in China and Macau, and possibly elsewhere, there’s no telling how deep the impact will be. For its part, Suncity denies all of the allegations, although convincing […]
Business
November 29, 2021
Suncity Boss Alvin Chau Arrested; Fallout Could Hit All Junkets
Alvin Chau, Suncity’s boss, has been detained in Macau, the world’s richest gambling market. The Wenzhou government has requested Chau’s extradition in order to face a string of criminal charges in Zhejiang. The government claims that Chau orchestrated a cross-border illegal gambling syndicate and warranted issuing an order for his arrest this week. Alvin Chau […]