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China drive to eliminate online gambling will only intensify

2/28/10 - Commenting on the recent slew of arrests in raids on Internet gambling operations in China , a director of the government's cyber security bureau warned this week that there was more of the same in the pipeline.
 
Vice director in the Ministry of Public Security, Gu Jian, reiterated the government's vow to increase the pressure on what he referred to as illegal Internet gambling entities, noting that there were over 2 000 such websites, mostly controlled by persons outside China.
 
Gu told the Xinghua news agency that online gambling exists in all Chinese provinces, municipalities and autonomous regions to "varying degrees."
 
He singled out the Pearl and Yangtze river deltas - China's export-oriented industrial heartland - and the border areas of Guangxi Zhuang Autonomous Region and Yunnan Province as areas of particular concern.
 
Police investigations had shown that nearly all major international gambling groups have Chinese-language websites to target Chinese gamblers, and some even send operatives into China to recruit agents, he revealed, adding that conservative estimates were that tens of billions of yuan flow out of China via online gambling annually.
 
Chinese police cracked 210 online gambling cases and arrested 918 suspects in the 13 days ending February 20, after eight Party departments, government ministries and financial regulatory bodies launched a seven-month nationwide campaign to curb online gambling earlier that month.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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