Mainland China

The investigation of the 17 Crown Resorts staff in China is looking to last for at least another year, dashing earlier hopes for a speedy trial.

China’s online lottery market is expected to grow at a CAGR of 4.53 percent between 2016 to 2020, according to a report from research firm Technavio.

It may be another two to three years before Bitcoin is regulated in China, says Bobby Lee, head of major bitcoin exchange BTCC. Bitcoin has for a long time, been perceived to be an enabler for capital outflow in China given its soaring value and anonymity.

The continuous political climate in China could curb many casino resorts’ marketing efforts and focus on the VIP segment, especially the direct VIP channel.

Looking forward to 2017, the picture is less than clear. With the recent detention and arrests of Crown’s staff in China, all but one of the operators in Macau have ceased their direct marketing efforts across the border.

Casino operators have been slowly ramping back up marketing activity in China after pulling out last year in fear of further repercussions from Crown’s crackdown.

Payment systems provider Paysafe saw its shares tumble on Tuesday after a short-selling firm Spotlight Research claimed it was enabling illegal gambling and Chinese capital control evasion.

A prominent Chinese law firm has urged Crown Resorts to issue a confession to Chinese authorities in order to improve the situation for its detained employees.

Authorities in central China have rounded up 94 members of a $72 billion gambling ring, which was known for bringing Chinese gamblers across to parts of Southeast Asia.

China’s lottery sales rose 8.3 percent year-on-year to CNY 33.8 billion (US$4.9 billion) in October, according to the Ministry of Finance.

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