Sports
November 12, 2021
Chinese Gambler Apprehended after Defrauding Overseas Sportsbooks
Chinese police continue to put the crackdown on illegal gambling operations in the country. The latest news comes from Wenzhou Evening News, a local media outlet in the city of Wenzhou in the Zhejiang Province, home of nine million people and, apparently, one criminal organization that has been exploring a legal loophole to run sports […]
Casino
November 8, 2021
China Busts $250M Illegal Gambling Junket Operator
Chinese authorities continue to pursue action against illegal gambling. With China prohibiting all forms of games of chance and pursuing wrongdoers overseas, anything but the National Lottery is illegal. In the latest move, authorities in the Heilongjiang and Jilin provinces have busted a criminal operation that offered junket services and flew Chinese high rollers to […]
Industry
September 22, 2021
Cambodian-Chinese Operation Ends with Gambling and Crypto Busts
Chinese authorities continue to work with their overseas counterpart in a bid to clamp down on illegal casinos that target nationals. A police raid in Cambodia’s capital last week ended up with a brief shootout and 200 people apprehended. Police Raid in Phnom Penh Results in 200 Arrests Illegal activities, including gambling, continue to thrive […]
Business
September 17, 2021
Chinese Firm Eyeing the US Gaming Market Adds to MaximBet Investment
MaximBet is on a roll. It has quickly added new states to its betting portfolio and doesn’t plan on slowing down anytime soon. Supporting its efforts is a Chinese company, ZK International Group, which just gave the company another injection worth $10 million. Further investments could be coming if MaximBet stays on track with its […]
Industry
September 15, 2021
China Hits 10 Individuals with $900K Penalties for Illegal Gambling
Beijing has once again sent an unequivocal message to those who think they can flaunt the country’s draconian anti-gambling measures. China’s State Administration of Foreign Exchanges (SAFE) has confirmed that ten individuals have been issued cumulative fines to the tune of $900,000 in a case pertaining to illegally remitted funds for the purposes of gambling. The largest […]
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 […]