Tuesday, July 23, 2019
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China police crackdown on cross border online gaming

China’s Public Security Minister Zhao Kezhi reportedly pledged to crack down on cross-border online gambling in a meeting last Friday, just days after state media singled out Suncity Group with allegations of illegal online gambling. 

China LotSynergy gets Chongqing lottery contract

Hong Kong-listed China LotSynergy Holdings said one of its units has won a procurement contract for computer ticket game betting terminals and technical services for the Chongqing Welfare Lottery Issuance Centre.

Suncity Group denies online gaming, proxy betting in China

Junket and casino operator Suncity Group has denied accusations that it is running online gaming and proxy betting in China through offshore online casinos. The...

Apple removes gambling apps in China/Vietnam

Apple said the majority of requests to remove apps from its store in the period from July to December last year came from China and related to gambling or pornography.

Trade war may slow global growth to 2.7 percent in 2019: Fitch

The imposition of 25 percent U.S. tariffs on the remaining $300 billion of imports from China will reduce global gross domestic product growth to 2.7 percent this year and 2.4 percent next, compared with earlier forecasts for growth of 2.8 percent and 2.7 percent respectively, Fitch Ratings said.

China investors eye online gaming startups

India’s booming online gaming market is attracting a flood of investment from mainland China as Beijing steps up efforts to regulate video games at home.

AGTech gets China Sports Lottery AR contract

AGTech Holdings says one of its units have been awarded a contract for a research, development and operation project for augmented reality products for the China Sports Lottery.

500.com net loss widens in 19Q1 on Europe woes

China lottery service provider 500.com posted a widened net loss in the first quarter of 2019, reaching RMB93.2 million (US$13.9 million), due mainly to...

AGTech swings to Q1 loss, though revenue gains

AGTech Holdings, which provides lottery hardware, games, systems and services in Mainland China, swung to a loss for Q1 due to non-operating items relating to the fair value changes in convertible bonds and other items.

AGTech unit gets Guangxi lottery contract

Hong Kong-listed AGTech Holdings said its Beijing AGTech GOT Technology unit has won the tender to supply lottery terminal to the Sports Lottery Administration Center in the Guangxi Zhuang Autonomous Region of China.

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