IS CHINA ABOUT TO ACCEPT ONLINE GAMBLING?
7 March 2008
At least one exec at the AiG thinks so....
Last week's Asian Interactive Gaming conference in Macau
has again raised the possibility of regulated online
gambling on the Chinese mainland, according to the Macau
Daily Times.
The newspaper quotes Francis Lui, deputy chairman of the
Galaxy Entertainment Group, who is reportedly "very
excited by this business opportunity" and is making sure
his company is positioned to best advantage when it
happens.
"Galaxy Entertainment Group is making moves to
capitalise on an eventual legalising of internet gaming
in the Mainland," said Lui, whose company is a Macau
gaming concession holder. "Galaxy is very excited by
this business opportunity [online gaming in the
Mainland] and we have established a foundation through
an agreement with an internet cafe operator in China,"
he said.
"Online betters in Asia are used to paying in person
rather than through the internet. Internet cafes provide
a convenient location for gaming sites to sell online
credits.
"Most forms of gaming continue to remain outlawed in the
Mainland, including online betting, although the Chinese
propensity for gaming could eventually see a change in
position from the government," suggested the company
executive.
"There is undoubtedly a latent demand for online
gambling and in time the market could open up to a
limited number of operators located in China," he added.
Online Casino News courtesy of
InfoPowa
More news here.
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