Monday, June 27, 2022

China strikes down horse-racing, gambling on Hainan Island

China’s Hainan island will not allow any form of horse racing, casinos or gambling, according to comments from Hainan's communist party chief Li Cigui on Wednesday.

On Tuesday, China granted Hainan free trade zone status, vowing to ease restrictions on foreign investment in the island for sectors ranging from agriculture to medical services.

Cited in a report from Hainan Daily, Cigui said that horse-racing, casinos and gambling would not be allowed on the island.

“Some online comments about opening casinos, allowing gambling and horse-racing, or copy from capitalism and adopt overall private ownership, are divorced from China's reality and (they are) resolutely not allowed," Cigui was quoted as saying.

In February, Bloomberg reported that China was considering sports betting or lottery in Hainan, a move which could open the door to casinos.

It was also reported later in the year that at least five Chinese-owned resorts in Hainan had been laying down plans to convert their ballrooms into pseudo gaming floors.

The gaming floors would allow players play with real money, but receive their winnings in the form of points which can be redeemed at shops, restaurants and hotels.

While, it is still unclear whether the regional and state authorities would allow such entertainment bars, or “cashless casinos” to exist, recent comments from Cigui may have extinguished all enthusiasm for the idea.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief