Mainland China

Recent anticorruption activity in China may have implications on premium spend, but the signs still point to positivity for now, analysts from Bernstein said.

Overseas spending by mainland Chinese travellers is expected to increase by US$411 billion between now and 2025, with the total number of travellers leaving China to roughly double over the next decade.

LiNiu Technology Group has announced it has signed a three-year strategic cooperation agreement with The Peoples Insurance Company of China Limited's Guangzhou branch.

Hong Kong-listed Success Universe Group Ltd has disposed all of its shares in Honour Rich, a lottery technology service provider in Mainland China.

The Beijing 2022 Winter Games will prove to be an important point of growth for Malaysia-based Genting Group, says Lim Chee Wah, the former managing director of Genting in an interview with Nikkei Asian Review.

Bitcoin has regularly made the headlines in recent months, its price surging towards the $5,000 mark - four to five times its value at the start of 2017 - predominantly driven by interest in Asia.

 

Bitcoin has regularly made the headlines in recent months, its price surging towards the $5,000 mark - four to five times its value at the start of 2017 - predominantly driven by interest in Asia. It has also emerged as a viable gaming currency, with online operators discovering that users, particularly in Asia’s grey markets, are keen to embrace a currency that is secure and easily deposited and withdrawn.



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China’s central bank has placed a halt on all initial coin offerings (ICO), and has deemed them as illegal fundraising, according to reports.

Two officials previously in charge of China’s state lottery have been stripped of their positions under suspicion of bribery and corruption, reports Reuters.

The Mainland Chinese government has formally laid down new rules on overseas investments, restricting investment in property, hotels, entertainment, sports clubs and film industries.

Lottery service provider AGTech Holdings Ltd, saw a 29.4 percent decline in revenue for the first half of 2017, mainly due to the reduced sales of lottery hardware products.

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