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CCTV Accuses Shanda Subsidiary of illegal internet gambling
Posted 3/25/11 : China Central Television exposed what it claimed was illegal online gambling activities on its “Topics in Focus” program last week, claiming that a player had revealed that Shanda Interactive subsidiary Bianfeng Group had facilitated online gambling for real money.
In an episode titled 'Dangerous Game,' the television program reported that a Shanghai-based player referred to as Wang, in seven separate rounds of Bianfeng's leisure game "Hong Kong Poker," lost a total of nearly RMB 767,000 (around US$ 116,854.47).
The CCTV report accused online games provider Bianfeng of running an online gambling operation with "Five Card Hong Kong Poker," noting that online gambling was banned in 2005 by China's General Administration of Press and Publication in its "Notice Pertaining to the Prohibition of Gambling Activities in Online Games."
The program speculated on whether Bianfeng promotes the use of illegal virtual currency, both through its tacit approval of virtual currency in the game being exchanged for real money, as well as profiting from black market virtual currency exchanges.
Bianfeng responded to the report by announcing that the game in question had been taken down, and that an internal enquiry into the allegations had been launched, according to a follow up report on ichinastock.com.
Interviewed by the presenter, the player alleged that advertisements for virtual money changers were widespread, and transactions were made across Bianfeng's platform.
Wang said that players would deliberately lose in order to transfer virtual currency to the money changer, who would then transfer RMB funds via Alipay.
In-game virtual currency could be purchased at RMB 125 for a million points, but conversely a million points could only be exchanged for RMB 70. Transactions can range less than a few million or over 400-500 million, and are easily visible to Bianfeng, he claimed.
"While Bianfeng claims to be against online gambling, they turn a blind eye to the virtual currency black market," said Wang, who also claimed that Bianfeng takes a 1 percent cut from each transaction the virtual money changers make.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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