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China Clamping Down on Online Lotteries
Sunday March 1,2015 : CHINESE REGULATORS CLAMPING DOWN ON ONLINE LOTTERIES
Government's drive against corruption permeates down to provincial level.
The news earlier this week that 500.com had temporarily suspended online lottery operations at the request of regulating authorities has been followed by reports of similar suspensions on other companies in the lucrative market.
Alibaba Group Holding Ltd announced Saturday that it had suspended online lottery sales due to pressure from industry regulators, cancelling Tabao.com sales to comply with an order from welfare and sports lottery authorities, who operate separately under the umbrella of the government's Ministry of Civil Affairs.
Tabao's Weibo account advised interested parties: "We will redeem winning tickets already sold and clients who have pre-paid later rounds will get a refund in, at most, 5 working days."
A spokesman for the General Administration of Sport approached by the publication China Daily said that the organisation was cracking down on illegal online sports lottery sales, pointing to a directive from the Ministries of Finance and Civil Affairs instructing lottery administrators to review their operations and licensees and correct any irregularities in online lottery activity under their supervision.
The publication Sina.com reports that several provinces suspended online lottery activity after receiving the central government directive, believed to be part of the massive government drive against corruption and waste which is currently in progress and has battered Macau gambling revenues.
China Daily notes that online lottery sales have rocketed in China, at least in part due to the wide availability of smartphones and the convenience these bring to financial transactions.
Sports lottery turnover grew almost 33 percent and came close to 175 billion yuan (US$28 billion) last year, easily outstripping industry estimates of 100 billion yuan, according to official figures. Sports lottery wagering accounts for nearly half of total lottery sales in China.
The sports lottery was introduced to raise funds for the 1990 Asian Games in Beijing, with net proceeds channeled into public welfare projects.
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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