It seems like a pretty safe bet that when President Trump banned a group of Chinese payment apps recently he didn't think much about the impact it would have on US gambling operators. After all, isn't that why big time casino magnates like Sheldon Adelson and Steve Wynn poured hundreds of millions of dollars into…
Lottery ticket sales in China during the month of February amounted to almost nothing and March figures aren't looking much better. The COVID-19 quarantine and lockdown in the country kept the population far away from happy vices like the lottery and it's unclear when ticket sales might reach pre-COVID levels, if they ever do. The…
Any many countries across the world illicit gambling comes in the form of an innocuous looking machine that sits in the back corner of the local bodega, pub, or social club. These devices usually track the credits a player earns, which are then cashed in and paid out of the cash register. The degree to…
When business reporters discuss the ongoing trade war between the US and China they tend to talk about auto and electronics sales, not casinos. The war for worldwide economic supremacy between the two superpowers has had a major impact on the Macau gaming industry,though some relief could be in sight for the mega-casinos that serve…
Philippine President Rodrigo Duterte struck a rare moment of restraint this week when he urged his fellow countrymen to take it easy on Chinese nationals who are in the country working in the online gambling business. His words of caution came on the heels of raid in Pasig City that resulted in the arrest of…
Boyaa Interactive CEO Zhang Wei is languishing in a Chinese prison cell after losing an appeal for charges of bribery. He's facing a year behind bars and that's just one of the indignities that's been visited upon the China-based social gaming company this year. Wei's prison sentence stems from a May 2018 conviction in which…
The gambling is business is known for providing casino games to customers 24 hours a day, 7 days a week, 365 days a year. In general, it takes an act of God or a force of nature to shut the doors of gambling establishments anywhere on the planet. That's why last week's 33-hour closure of…
How long will it be before Donald Trump's tough talk on China has a real impact on the worldwide gambling industry, specifically in areas controlled by China like Macau? It's a fascinating question that was examined in some depth in a recent, and fascinating, editorial titled, Las Vegas Sands in Danger as Trump Threatens War…
Bitcoin prices fell more than 20 percent on Thursday, falling from $1071 (all values USD) to $893 in just a few hours. The big drop was believed to have been mostly triggered by the growing strength of the Chinese Yuan. Trading prices for the digital currency have skyrocketing over the past few months and recently…
Early this week, the Chinese government expressed its concern over the Philippine government's detention of 1,200 Chinese nationals as part of its ongoing crackdown on online gambling. The detention could cause a serious strain in Duterte's efforts to improve relations with his country's massive neighbor. The international incident began last week when Philippines' law enforcement…
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