Tag Archives: china

Chinese Police bust 500 billion yuan online betting syndicate

China’s Federal police force have busted a multinational online gambling syndicate reported to have wagered more than 500 billion yuan (£52 billion) in bets and with a customer base of nearly a million registered members. The arrests were ordered by China’s Ministry of Public Security under fraud investigation Opertion 109. Local news sources report that the investigation into the syndicate …

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DJI Holdings moves for secondary listing on US NASDAQ

Governance of Chinese focused lottery provider DJI Holdings is seeking a secondary listing on the US NASDAQ exchange. The specialist in Chinese sports lotteries views the NASDAQ listing as key to enhancing its market liquidity and developing a stronger investor base for future growth plans. DJI Holdings’ governance outlined that the aimed to complete the listing by first quarter 2016. Chief …

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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 …

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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 …

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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 …

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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 …

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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 …

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