Despite Covid-mandated travel restrictions, the number of new hotels will continue to expand in 2021 with 820 hotel projects and 190,332 rooms due to go live in the Asia Pacific region.
China Ecotourism Group, formerly known as China LotSynergy is seeking to raise as much as HK$220.7 million through an offer of shares to existing investors to raise capital for the group, whose lottery business has been hit hard by the Covid crisis.
Any hopes that China’s anti-cross border gambling campaign may fade into the background have been dashed by Beijing’s latest pronouncements vowing a crackdown will be a key priority this year.
Chinese police have broken up more than 3,400 gambling platforms, and over 2,800 illegal payment platforms and underground banks since the crackdown on cross border gambling began in 2020, said the Ministry of Public Security on Thursday.
500.com, which has been transforming from a Chinese online lottery company into a cryptocurrency mining enterprise, says it has completed the acquisition of a stake in Loto Interactive for HK$105 million ($13.5 million).
Sportradar has signed a multi-year global partnership with China's CBA League, which begins from the current 2020/21 season.