The Chinese government earlier this month said it had cracked 3,500 cases of illegal cross-border gambling in 2020, arresting 75,000 suspects. It also shut down 1,960 illegal payment platforms.
Trips related to health and welfare, as well as those linked to children's education, are likely to see strong growth over the next few years as China's population ages, or as parents seek to provide overseas exposure for their offspring, the China Outbound Tourism Research Institute predicts.
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.