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.
In late September, the Chinese Ministry of Agriculture and Rural Affairs, together with the General Administration of Sports (GAD) revealed a five-year blueprint that would aim to expand and promote the country’s already mammoth horse-racing industry.
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 another company in which Yang is involved.
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.
China plans to permit cruise ships to set sail from December, but only between Chinese ports and with no international cruise operators allowed to resume operations.
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.
Police in southwest China's Sichuan Province have busted a cross-border online gambling ring involving RMB1 billion (US$152 million), which featured a Cambodia-based operation recruiting gamblers in mainland China.