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Euro 2016 Causing Major Betting Spike in China

Sunday July 3,2016 : EURO 2016 FOOTBALL CAUSES MAJOR ONLINE BETTING SPIKE IN CHINA
 
Despite multi-million dollar busts by the polkice, Chinese punters continue to find a way to wager.
 
The Euro 2016 football championship in Europe continued to generate intense Chinese betting interest this week as the quarter finals approached, creating a spike in illegal online gambling despite major police gambling ring busts and crackdowns on suspected gambling activity by technology and ecommerce giants Alibaba and Ten Cent.
 
The Reuters news agency reports that groups of friends have been using Wechat for friendly wagers, paid out through Alibaba-linked Alipay, WeChat or red packets… digital versions of traditional envelopes stuffed with cash.
 
Chinese police say they have seen a surge in illegal gambling online. In a single bust last week, police in southern Guangdong province arrested 147 people and froze funds worth nearly 100 million yuan ($15 million).
 
Tech giants Alibaba and Ten Cent say they have specific tiered systems designed using behavioural patterns to identify and halt suspected gambling, and that these are backed by human monitoring. A spokesman said that more staff are being added to counteract gambling.
 
Tencent said it is doing more to stamp out gambling on its platforms like WeChat, including restricting groups suspected of gambling behaviour and punishing individual account holders. It said it has put limits on more than 8,000 WeChat groups, and has limited the payment and red packet capabilities on more than 6,000 accounts.
 
Reuters notes that a soccer investment boom in China has helped propel interest in the game. Chinese firms have invested in overseas clubs, player agencies and media rights firms, and global soccer stars have moved to China in multi-million dollar deals.
 
"With the European Cup everyones betting on soccer, but also over the last couple of years Chinas soccer market has developed rapidly. Big investments and star names create a real lure," Hu Naijun, an assistant professor at the University of Science and Technology Beijing, told Reuters.
 
The anonymous organiser of an online gambling group told the news agency that he and four other organisers had a pot of 5 million yuan ($750,706) and that dozens of people would join for each game.
 
"In one night there will be millions placed in bets," he said, adding it had become a lucrative business. "For the final, well probably go to Macau or Hong Kong and spend the whole week in the presidential suite."



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NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

NBA Odds: Hawks-Pacers in Regular-Season Finale - Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.

Microgaming April 2017 new games - Cool Buck and Mega Money Multiplier go live on Wednesday 5 April 2017. Both are available to Microgaming and Quickfire operators on desktop and mobile and come with in-game achievements and free games.

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