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China Issues Warning to 26 online gaming operators
Tuesday August 30,2016: CHINA TO CLAMP DOWN ON ONLINE OPERATORS
26 gaming operators identified
China’s Ministry of Culture (MOC) has issued a warning to 26 online gaming operators ordering them to “clean up their act” following an investigation into illegal online cultural activities.
The Ministry warns of an increase in penalties if online gaming operators do not rectify identified violations which range from running banned games to failing to use real-name registrations, Xinhua reports.
Among the 26 under the spotlight, 16 have reportedly been identified as offering gambling and content “against social ethics”.
Other violations identified include a lack of responsible gambling measures in terms of age restriction and length of playing time.
"Businesses must learn their lessons, fulfil their responsibilities, improve their own self-censorship and operate their businesses in line with the law," the MOC said in a statement on its website.
The MOC, who took on the direct supervision of online games earlier this year, said it intended regulating and cleaning up online gaming behaviour and its environment along with enforcing measures that protect consumers.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
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Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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