500 com has announced that it has entered into a definitive purchase agreement for 5,900 bitcoin additional mining machines for a total consideration of approximately RMB55.2 million US$8.5 million). All of the bitcoin mining machines are expected to...
This week, we explore the findings of the recently released Pacific Asia Travel Association (PATA)'s Asia Pacific Visitor Forecast 2021-2023 report, which identifies three scenarios of growth and recovery for international visitor arrivals (IVAs) to...
500 com has announced that it has entered into a share subscription agreement in which it has conditionally agreed to subscribe for 169,354,839 shares of Loto Interactive Limited for a total of approximately HK$105 million (US$13.5 million) in cash.
China’s embassy in Cambodia has issued a warning to China passport holders not to take part in gambling activities in the country after multiple cases of violence aimed at Chinese.
China is showing no sign of letting up its campaign against overseas gambling, announcing it’s expanding its blacklist of countries that target Mainland Chinese for gambling purposes.
China plans to add more destinations to its blacklist of those targeting its nationals for gambling, state-run Xinhua reports, without giving any names.
Chinese spending on luxury goods, which has driven some stocks to record highs, is likely to subside once the pandemic eases in favour of spending on travel, dining and outdoor leisure, a publication tracking the Mainland market reports.
The Chinese government earlier this month said it had cracked 3,500 cases of illegal cross-border gambling in 2020, arresting 75,000 suspects. It also shut down 1,960 illegal payment platforms.
Trips related to health and welfare, as well as those linked to children's education, are likely to see strong growth over the next few years as China's population ages, or as parents seek to provide overseas exposure for their offspring, the China Outbound...
500 com has announced that it has entered into a purchase agreement for approximately US$14.4 million worth of its Class A ordinary shares in order to acquire bitcoin mining machines from an unnamed seller.
China lottery company 500.com said Zhaofu Tian has resigned as Chief Technology Officer due to personal reasons, effective December 31. The company has no plan to appoint a successor at this point.
The Standing Committee of China's National People's Congress wound up its session in Beijing on Saturday, passing Amendment XI to its criminal law, which brings into effect stiff penalties for gambling.
500 Com’s board of directors has proposed to explore business opportunities in the blockchain and cryptocurrency industries based on some success experience of its associate, Loto Interactive Limited.
Yang Zhihui, chairman of Hong Kong-listed casino operator Landing International Development, is under investigation from the China Securities Regulatory Commission, according to a company filing. The investigation does not relate to Landing, but rather...
The Cyberspace Administration of China has removed 105 mobile apps that it considers to be illegal, including a surprise crackdown on US travel giant Tripadvisor.
This week's "By The Numb3rs" by Asia Gaming Brief comes just after the announcement of Pfizer and Moderna's covid-19 vaccine, which is now nearing the end of its stage 3 clinical trials - complete with promising results.
Martin Williams, Vixio Gambling Compliance journalist and Asia editor, talks with AGB managing editor, Sharon Singleton, about whether the election of Joe Biden as president of the United States may help to reset rock-bottom Sino-U.S. relations. He says...
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