Tag Archives China

China considering new penalties against foreign casino solicitation

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In China and federal legislators are reportedly considering a number of measures that would bring in stiffer penalties for any firms or individuals found guilty of soliciting citizens into gambling overseas. According to a story from Inside Asian Gaming citing an earlier report from the state-run China News Service, the amendments to the country’s ...

PokerStars announces iGaming exit from China, Macau and Taiwan

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As part of an ongoing effort to improve its compliance standards, giant online casino and sportsbetting operator Flutter Entertainment has reportedly announced the exit of its PokerStars iGaming brand from China, Macau and Taiwan. According to a Monday report from CalvinAyre.com, the London-listed firm declared that the move is part of a company-wide campaign ...

China creates new cross-border gambling tourist destination blacklist system affecting southeast Asian nations

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The Ministry of Culture and Tourism in China has created a blacklist of destinations for overseas tourists that they feel are disrupting the outbound tourism of the nation. Such destinations are opening casinos that target individuals from mainland China. A statement issued this week revealed that the new system was created in conjunction with ...

China to begin issuing Macau travel visas from August 26

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Government officials in mainland China have reportedly announced that they are to once again begin allowing residents of Guangdong Province to visit Macau utilizing Individual Visit Scheme (IVS) and group travel visas from August 26. According to a report from Inside Asian Gaming, China’s National Immigration Administration additionally revealed that both of these facilities ...

MGM China Holdings Limited details dire second-quarter financials

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The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its second-quarter financial results showing that its net revenues tumbled by 95% year-on-year to just $33.2 million. According to a report from Inside Asian Gaming, business at the operator’s two venues in Macau has been severely damaged by ...

China records disappointing 2019 lottery sales figures

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In China and 2019 reportedly saw aggregated nationwide sales for the country’s only pair of state-run lotteries drop by some 17.5% year-on-year to approximately ¥422.05 billion ($60.26 billion). According to a report from GGRAsia citing official data from the giant nation’s Ministry of Finance, the China Welfare Lottery recorded a comparable 14.8% decline in ...

Sands China Limited launches innovative management training scheme

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In Macau, the Sands China Limited subsidiary of American casino giant Las Vegas Sands Corporation has reportedly launched a new initiative that has been designed to help local professionals to better develop and utilize their management skills. According to a Wednesday report from Inside Asian Gaming, the Hong Kong-listed operator detailed that its Sands ...

Xixiang Luo of China wins Asian Poker Tour Championships Event while APT signs new deal with Resorts World Manila

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The Asian Poker Tour (APT) has been quite busy as of late, finishing up tournament events and signing new contract deals. The APT Philippines II 2019 Championships Event has finished up with Xixiang Luo of China earning the first-place win. The win marked the first time Lou even earned a major APT title. At ...

United States and China trade dispute negatively impacting Asian economies

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Global credit ratings firm Fitch Ratings Incorporated has reportedly declared that the economies of several Asian nations with casino gambling are being weakened due to the ‘softening global demand and uncertainty’ created as a consequence of the ongoing trade dispute between the United States and China. According to a report from GGRAsia, the American ...

China lottery sales figures continued their decline in July

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July reportedly saw aggregated ticket sales in China for the nation’s pair of state-sponsored lottery games deteriorate by some 40.1% year-on-year to stand at slightly above ¥32.73 billion ($4.56 billion). According to a report from GGRAsia citing official data from the giant country’s Ministry of Finance, the July result represented the sixth consecutive month ...

China calls on the Philippines to ‘ban all online gambling’

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Ahead of a planned meeting between the leaders of the two nations later this month and China has reportedly urged the Philippines to ‘ban all online gambling’ including those licensed operations that are being marketed towards Chinese players. According to a report, the appeal was made by Chinese foreign ministry spokesperson Geng Shuang during ...

China to intensify crackdown on illegal online gambling activities

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Chinese law enforcement authorities are reportedly set to step up efforts at combating illegal cross-border online gambling as well as the underground banks and payment platforms that allow aficionados in the giant nation to illicitly fund their games. Definitive declaration: According to a report, the revelation came as part of an official statement released ...