Tag Archives: china

Scott Longley – BRIC’s decay impacts regulatory debate

With the cash strapped governments of the once mighty BRIC nations, seeking to implement new economic policies to boost their dwindling funds. Scott Longley examines how the current BRIC downturn will impact betting’s regulatory debate and progress amongst emerging economies  _______________________ Like a worried bunch of Chicken Little’s, the economic commentaries have been busily scaring the world’s markets with the doleful …

Read More »

China LotSynergy secures Heilongjiang and Guangxi lottery extensions

Lottery provisions operator China LotSynergy has renewed supply contracts to provide machine lottery ticket terminal for the Chinese provinces of Heilongjiang and Guangxi. The firm announced the renewal of the supply contract to the Hong Kong Stock Exchange. To date, China LotSynergy has claimed 30% market share of this year’s total Sports Lottery terminal procurement volume in China and retained its …

Read More »

Red Alert – Devalued ¥uan threatens whole Asian gambling sector

Last week’s unexpected devaluing of the Yuan by the People’s Bank of China’ will likely have negative impacts throughout Asia’s casino and leisure industry, according to numerous Asian business analysts. Aimed at stabilising the national economy and maintaining growth and employment rates, the devaluing of the Yuan is thought to represent China’s largest depreciation its ¥. currency for twenty years …

Read More »

Oisin Lunny: 11 key points from Mary Meeker’s mobile analysis

Oisin Lunny of OpenMarket takes us through some of the key points of the latest Mary Meeker mobile data analysis and looks at where a mobile focused business should be concentrating. For many years Mary Meeker has been a part of my professional life, particularly when I need to add context to conference presentations. Every year since the turn of …

Read More »

500.com founder Man San Law steps down as CEO following dismal Q1 performance

Chinese sports lottery operator 500.com confirmed that Founder Man San Law was stepping down as CEO of the company, following the publication of dismal performance results for Q1 2015 operating period. The operator missed all key performance targets, as it recorded sales of $15.9 million down 32% on 2014 figures. The New York listed lottery operator would record a net …

Read More »

Chris Eaton: Match fixing has dented China & India’s football potential

Addressing the Soccerex Asian Forum in Jordan on the issues of sports corruption and match fixing, Chris Eaton Executive Director of the International Centre for Sports Security (ICSS) urged attending delegates to push for all Asian nations to adopt a “transparent, legalised, regulated and supervised sport betting, so there will be far less money to fix football or any other …

Read More »

Patrick Jay – Global sports betting worth $1 trillion

Patrick Jay, the former Director of Trading for the Hong Kong Jockey Club (HKJC), has told a United Nations Congress on Crime that the global sports betting market is estimated to be worth up to $1 trillion. Addressing the UN conference in Doha on match fixing, Jay noted that the vast majority of sports betting wagers were generated illegally, and …

Read More »

Phil Horne – raising money for problem gambling along the Great Wall

SG Gaming Group Managing Director Phil Horne explains why he and a number of his colleagues are joining the Responsible Gambling Trust‘s latest fund raising effort – a trek along the Great Wall of China. How many of you are going in the trek from SG Gaming and what are your goals? There are four people in total participating in …

Read More »

Investors sue 500.com over misleading IPO representation

New York listed Chinese sports lottery operator 500.com has been hit with multiple US investor class action federal suites over misrepresentation of its business practices and operations in the build up to its December 2013 IPO. A group of US law firms representing 500.com investors have filed a federal securities fraud class action against the operator. They claim that the …

Read More »

Betfred becomes title sponsor of World Snooker Championship again

Snooker’s biggest tournament, the World Championship, will be title-sponsored by Betfred for the next three years. The prestigious event will be known as the Betfred World Snooker Championship until at least 2017. This year’s tournament will run from April 18 to May 4 at the Crucible Theatre in Sheffield, with the top 16 seeds joined by 16 qualifiers to chase …

Read More »