Chinese state television said today it would not air National Basketball Association (NBA) exhibition games played in the country this week, heaping pressure on the US basketball league after a tweet by a Houston Rockets executive backing protests in Hong Kong.
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China continues to send out signals that its recent efforts to stamp out online gambling in other Southeast Asian nations are no passing fancy.
Chinese and Cambodian authorities have arrested almost 1,000 people suspected of engaging in online gambling, telecommunications fraud and gang crimes this year, according to information released by China’s Ministry of Public Security.
Macau’s Gaming Inspection and Coordination Bureau has restricted Macau gaming operators from transferring to third parties – based in Macau or elsewhere – any information related with their respective “gaming activities or operations, including customer personal data”. The restriction by the casino regulator – a body also known by its Portuguese acronym DICJ – additionally covers the city’s junket operators, reported the Macau News Agency.
Alibaba and rival Tencent Holdings each boast about 1 billion users of their payment platforms, which account for 90% of total mobile transactions. They have spurred a shift away from cash and spawned countless businesses that rely on this new financial infrastructure.
Philippine police have arrested more than 270 Chinese nationals in a raid on a gang wanted over a vast investment fraud that cost victims in China millions of dollars.
Cambodia may walk back its decision to shut down its online gaming industry, risking the ire of closest regional ally China.
The Guangdong Club online gambling platform is humming as a stream of wagers placed in Chinese yuan flows through the portal.
A recent government decision to stop issuing new online gambling licenses in Cambodia has many speculating that inflow of both capital and visitors from China will take a hit in the coming months.
Philippines President Rodrigo Duterte said that while he was not a fan of online gambling he was unwilling to ban the business, as China has called for, because of the harm that would do to the country’s economy.