Mainland China
500 com buys bitcoin mining machines
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.
500.com says CTO resigns, no plans to appoint successor
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.
China passes law criminalizing targeting Chinese nationals to gamble
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 appoints new top executives and enters share subscription agreement
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.
China’s racing industry faces high hurdles
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.
Landing International chairman under Chinese regulators’ investigation
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.
Gambling and travel in crosshairs as China “cleans up” its internet
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 to restart cruise industry without international participants
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.
Covid-19 vaccines: What it really means [Infographic]
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.
Sichuan police bust Cambodia-based online gambling operation
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.