Dota 2, a multiplayer online battle arena (MOBA) has been identified as the most lucrative game in China, with nearly $70 million in prize money won as of March 2021.
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.
AGTech Holdings said its operating loss narrowed by 32.7 percent in 2020, even though revenue dropped by about 7.7 percent to HK$161.6 million.
500 .com, the troubled sports lottery company that is transforming into a bitcoin firm, announced its decision to relocate its headquarters from Shenzhen to Singapore.
500 .com Limited, now describing itself as “a cryptocurrency mining enterprise in China,” has announced that it has completed its acquisition of bitcoin mining machines originally announced on January 11. The bitcoin mining machines acquired in this...
China President Xi Jinping is personally raising concerns about online gaming addiction. Addiction to online games, along with “other dirty and messy things online,” could have a bad influence on Chinese juveniles because they are not psychologically...
China tourism watchers are becoming tentatively optimistic that outbound travel will resume in the next few months and increase further in the second half of the year.
500.com, formerly a Chinese online lottery company, has approved a change of name to Bit Mining Ltd. to reflect the new focus of its business.
For the first time since March last year, the China Online Visa Application system will open to foreign residents in Macau from next Monday.
500.com closed its previously announced private placement transaction with Good Luck Information Technology and has received 356.04342 Bitcoins and US$11.5 million in cash. The company has issued 85,572,963 newly issued Class A ordinary shares to Good...
The Lunar New Year period, which is known as the largest annual migration in the world, was a shadow of its former self, with strict rules in place to restrict the flow of Chinese outbound (and domestic) travel this year.
Suncity Group has revealed that it has sold off some non-gaming properties that it owned in Shenzhen, notably Hong Long Plaza, a commercial and residential complex, and Le Paysage, a property development project.
China sports lottery company 500.com has continued its transformation into the bitcoin space with the all-stock acquisition of bitcoin mining company BTC.com and investors appear to approve.
Chinese lottery company 500.com said it agreed to buy bitcoin mining company BTC.com in a all-stock transaction.
Suncity Group has announced that it was named as one of the “2020 China’s Top 500 Listed Companies” by Asiabrand.
500 com has announced its fourth quarter and full year financial results. As for the full year 2020, net revenues were RMB21.8 million (US$3.3 million) and operating losses were RMB190.8 million (US$29.2 million).
China’s ongoing crackdown on casinos and junkets targeting its nationals may have long-term implications for the industry in Asia and force changes in the business models of many of the region’s integrated resorts.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264