The Jockey Club’s HK$3.7 million facility in Conghua – and its expertise in betting – could become key planks in China’s bold new plan to establish a standardised national horse racing industry.
Racing in China has received government backing following the unveiling of a five-year blueprint for the country’s equine sector in which the promotion of the sport and a related lottery form a key part of the strategy.
Tabcorp digital turnover outstripped retail turnover for the first time in a full year after Covid-19 forced the closure of its outlets and tipped the group to an $870 million ($631.8 million) loss.
Lotto NZ said it’s suspending retail sales and will carry out all its operations online during the lockdown due to Covid-19.
New Zealanders spent 5.7 percent more in FY 2016/17 on gambling activities, with lotteries claiming a large increase at the expense of pokies, racing,...
In just under two decades, virtual sports have gone from being a niche vertical dismissed by many as cartoon betting, to one of the fastest growing areas in gaming, with operators in Asia increasingly taking notice. Interest is undoubtedly strong amongst Asia's sports mad punters, however, slow turning wheels of regulation, or lack of rules, is holding back progress.
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that users, particularly in Asia’s grey markets, are keen to embrace a currency that is secure and easily deposited and withdrawn.
Jumbo Interactive says it expects net profit after tax to be around A$2 million ($1.45 million), in line with the same period in 2015,...
Regulation in Asia is failing to keep pace with technological advances in the lottery industry and is weighing on the region’s potential, insiders say. That creates a hurdle as most industry experts agree that growth in the sector will be lead by online and mobile innovation.
The challenges presented by Asia’s grey markets and consumer demands for quick-fix gambling solutions were among the key issues addressed at the iGaming Asia Congress in Macau last week. Experts provided views on topics ranging from the perennial lure of China, to the “sleeping giant” that is India, as well as outlining opportunities in fledgling markets such as Vietnam.
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