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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.
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 -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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