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China cryptocurrency to combat illegal online gambling

The People’s Bank of China is reportedly nearing launch of the world’s first state-backed cryptocurrency, called Digital Currency Electronic Payment (DCEP), and combating illegal online gambling is one of its purposes.

AGTech swings to loss in Jan-Sept period

Lottery service provider AGTech Holdings posted a loss of HK$73.1 million (US$9.3 million) for the first nine months of 2019, due mainly to several...

500.com Q3 net loss narrows on lower expenses

Lottery service provider 500.com saw its net loss narrow in 19Q3, due mainly to a year-on-year reduction in operating expenses. Net revenues decreased 67.4 percent...

Asia remains first choice for mass, but VIPs venturing further

It’s difficult to enter a tourist hotspot in Asia without observing signs written in Chinese, or a street vendor shouting greetings in Mandarin - a testament to the influence of Chinese outbound tourism.

Suncity works with Chengdu to promote food culture

Suncity Group said its working with the Chinese province of Chengdu to help promote the region’s food culture.
China tourists

China to account for 20% of global tourism market by 2030

China is likely to account for 20 percent of the global tourism market by 2030, with the market splitting into three distinct segments, the China Outbound Tourism Institute (Cotri) estimates.

Trade war causes slump in Chinese outbound travel

Southeast Asia’s tourism hotspots are feeling the effects of the U.S.-China trade war, which has caused a slump in tourism arrivals and spending, Bloomberg...

Philippines and China to work together on illegal kidnapping

Police from the Philippines and China are planning to work together to tackle the illegal kidnapping of Chinese nationals, which has been on the...

China cracks online gambling ring

Chinese police have busted an online gambling ring in Guangdong, Shandong and Fujian, with initial estimates putting the capital involved at 60 million yuan ($1.4 million), state-run news agency Xinhua reports.
AGTech lottery tickets

AGTech swings to H1 loss, revenue declines

AGTech Holdings posted a loss for the first half of 2019 and said revenue declined by 22.7 percent due to lower lottery hardware sales.

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Caesars Q3 results driven by Las Vegas ops

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Macau Sept. tourist arrivals gain, overnight guests decline

Tourism arrivals showed strong growth into Macau in September, though government data shows the biggest gains were in the lower spending day tripper category.

Paulo Martins Chan possible replacement for Leong Vai Tac

Gaming Inspection and Coordination Bureau director Paulo Martins Chan has been speculated as one of the possible candidates for the next Secretary of Economy...