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China social media platforms heed gambling crackdown call

Chinese social media giants are set to crack down harder on illegal online gambling in 2020 following a directive from their government earlier in...

Police bust fraud group using Wynn Macau name

Mainland police have cracked down on an online fraud group who was found running an investment scam using the name of one of Macau’s...

AGTech deepens cooperation with Alibaba Group

AGTech Holdings has announced that its wholly-owned subsidiary, Beijing GOT Technology, has entered into an agreement with Alibaba China to provide equipment and maintenance services including POS terminals and face recognition payment equipment, which may be applied to offline retail sales as well as lottery sales.

AGTech to supply lottery terminals in Zhejiang and Henan

AGTech Holdings Limited reported to the Hong Kong Stock Exchange on Thursday that one of its wholly-owned subsidiaries had won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centers in Zhejiang province and Henan province.
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S&P cuts China growth forecasts, sees Asia 2020 as disappointing

S&P Global Ratings has cut its forecast for China’s economic growth next year and said overall expansion in Asia Pacific will be disappointing at about 4.7 percent.

China bans gambling content from gaming machines

The Ministry of Culture and Tourism has issued a regulation to eliminate gambling content from gaming machines and devices, according to a report from Xinhua.

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.

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MGM announces early retirement of CEO

MGM China has announced its CEO Grant Bowie will retire with effect from May 31, which was earlier than analysts had been expecting.

Aristocrat prices new US$500 million loan facility

Australia-listed Aristocrat Leisure on Monday announced the pricing of a new US$500 million term loan, with the aim of strengthening the group’s liquidity and...

At least 200 to lose racing jobs as country eases restrictions

At least two hundred staff in New Zealand’s off-track betting agency the TAB will lose their jobs due to a sharp downturn in racing...

IPI staff suffer electricity cut as another lawsuit hits the firm

The existential woes of Imperial Pacific International deepened even further this week as Saipan’s utility cut electricity services to its staff housing units over...