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Chinese President Wants Stricter Control on Macau Gambling
Sunday December 21,2014 : CHINESE PRES WANTS STRICTER CONTROLS ON MACAU GAMBLING
Xi Jinping spurred by national anyi-corruption drive.
Perhaps motivated by a widespread drive against corruption in China, the vast country's president, Xi Jinping, called for tighter controls over gambling as he ended a brief visit to the Macau special region this week.
The Chinese leader called on regional authorities to strengthen supervision and improve the regulation of gambling on the island, which is visited by millions of Chinese gamblers every year.
Macau, where the local government derives more than 85 percent of its revenues from the gambling industry, this week celebrated the fifteenth anniversary of its return to China following colonial rule.
Chinese media said the island now faces the challenge of finding other income streams to diversify its economy, reporting that the Macau's chief executive, Fernando Chui Sai-on, said the government would "undertake a review" of the casino industry in spring.
Media reports last week revealed that China is set to launch a major crackdown on the multibillion-dollar flow of illegal funds through the former colony’s casinos, led by the Ministry of Public Security.
The initiative will see the ministry's Economic Crimes Investigation Bureau given access to all records of transfers through the UnionPay bank payment system to identify suspicious transactions.
The bureau is leading Operation Fox Hunt, aimed at extraditing corrupt officials who have allegedly fled overseas and funnelled millions of dollars in illicit funds out of China.
The Chinese news agency Xinhua reported that Xi Jinping spoke Saturday about China’s resolve to strengthen the “one country, two systems” policy that applies to China's relationships with former Western dominated colonies Macau and Hong Kong, state news agency Xinhua said, quoting the president as saying:
"No matter what difficulties or challenges we may encounter, they could never shake our confidence and resolve to uphold the principle and advance the practice of 'one country, two systems.
"Never in history have we been closer to the goal of the great renewal of the Chinese nation and never in history have we had greater confidence and capability to realise this goal.”
Pro-democracy "umbrella" demonstrations in Hong Kong, which ended a week ago after two-and-a-half months, have called into question China’s control over the territory, Chinese media have speculated.
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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