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Chinese Lottery CLampdown Caused By Operators Not Registering all there Sales
Friday March 13,2015 : IS THIS WHY CHINESE ONLINE LOTTERY SUSPENSIONS WERE ORDERED?
Analyst claims that government clampdown was motivated by some operators not registering all olf their ticket sales.
The Chinese central government's directive to provincial heads to review and clampdown on internet lottery sales earlier this month was motivated by some operators failing to register all their ticket sales, a financial services company surmised this week.
North Square Blue Oak focuses on the Asian markets and issues impacting them, and explains that the directive, and consequent suspensions of the online lotteries, were at least in part caused by certain operators who were not registering all of their sales.
North Square claims that where the odds were strongly against a punter winning (and therefore coming to the notice of the authorities) some operators were keeping the wager for themselves and not registering the ticket sale.
The company takes a positive view of the consequences of suspension and review, saying that it believes the process will be beneficial in uncovering and getting rid of unsuitable and dishonest operators, making for a fairer industry.
Assessing where the Chinese online lottery market may be headed, North Square says it is possible that the government may make sweeping changes that could include higher capital requirements for operators and fairer, more practical and generous provincial commission distributions.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
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Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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