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China Warns on One yuan deals

CHINESE OFFICIALS WARN ON "ONE YUAN DEALS"
 
This is a disguised form of illegal online lottery action says China General Chamber of Commerce special commission.
 
The Chinese news agency ECNS reports that a special commission under the China General Chamber of Commerce has warned that online "one yuan deals"  are a disguised form of online lottery action which is illegal.
 
In a statement Wednesday the commission said that the incentive offer was originally devised by Chinese e-commerce businesses to attract customers and boost sales. However, a random survey conducted recently by the commission on 23 online shopping websites and 17 apps showed such offers were actually a disguised form of gambling. And due to a lack of supervision these offers may turn out to be fraudulent, the commission cautioned.
 
One victim revealed that he won an Apple 6S after investing just a little more than 10 yuan through a previous lottery app, which had resorted to one-yuan deals following a nationwide ban on online lottery sales. Prizes offered by the site ranged from pre-paid phone cards to Apple phones and Audi Q5s vehicles, he said.
 
A law panel present at the commission said sites offering one-yuan deals are suspected of operating in violation of the countrys laws against unfair competition as well as massive tax evasion.
 
In related news, the Xinhua news agency reports that Chinese legal lottery sales increased to 34.88 billion yuan in April, up by 7 percent year-on-year, according to the Ministry of Finance.
 
Welfare lottery sales dropped by 0.8 percent to 17.95 billion yuan, while the sports lottery gained by 16.6 percent to 16.939 billion yuan.
 
From January to April, lottery tickets worth 125.6 billion yuan were sold, a year-on-year drop of 1.4 percent.
 
Aprils lottery sales in Guangdong Province was up by 4.24 billion yuan from a year ago, while Hunan, Yunnan, Henan and Shaanxi provinces also posted large increases, according to the ministry.

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Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

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Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

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Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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