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China Lottery $2.72 billion widespread misuse

Saturday June 27,2015 : CHINA LOTTERY MISAPPROPRIATION REPORTED
 
Corrupt officials blamed for US$2.72 billion widespread misuse.
 
At least some of the RMB 64 billion in funds that China's Academy of Social Sciences claimed earlier this week was unaccounted for  has been found; according to a Reuters report released Thursday RMB 16.9 billion (about US$2.72 billion) was misused or misappropriated.
 
The government's National Audit Office claims that it has uncovered widespread misappropriation of the funds from its state lottery programme, illustrating the extent of official corruption as the government ramps up its efforts to combat official graft.
 
Auditors found that funds were misappropriated through ruses such as the buying and building of office buildings and hotels, or were just plain embezzled, according to a report on the NAO website.
 
The report claims that irregularities accounted for a quarter of the total of lottery funds received in its 2012-2014 investigation that spanned 18 Chinese provinces.
 
It is alleged that 17 provinces had flouted the law in engaging in lottery sales through the Internet without approval from the Ministry of Finance....a practice the central government cracked down on earlier this year by requiring provinces to suspend internet sales until a proper audit and review has been completed
 
The review order comes as President Xi Jinping's government fights corruption, and has warned that the problem is so critical that it could affect the ruling Communist Party's future.
 
Reuters reports that in one case, 32 lottery shops had used 3.1 billion yuan to construct office buildings, training centres and hotels.
 
China's lottery market has boomed in recent years, with experts predicting that it will overtake the United States as the world's biggest lottery market in 2015.
 
Lottery proceeds after prizes are supposed to be used for social, sports and community development.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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