Location: Hong-Kong

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Hong Kong influencers face jail for gambling promotion

Seven influencers in Hong Kong were detained on suspicion of promoting foreign websites that took bets on World Cup games. One of them is Chantale Belle, an actress with over 220,000 Instagram followers. The other six are self-employed businesswomen with tens of thousands of followers in the cosmetics industry. They were released on bail. A conviction for encouraging gambling on social media in HK carries a maximum sentence of seven years in prison and a fine of HK5 million.
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Hong Kong influencers face jail for gambling promotion
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7 HK influencers arrested for allegedly promoting illegal online gambling

7 influencers were arrested for promoting illegal online gambling. The police conducted a week-long anti-illegal gambling operation last Monday. They seized seven mobile phones, a tablet computer and a laptop. Two of the suspects were reported to be entertainers and beauticians, and the rest were unemployed. One of them is 28-year-old local actress Bui Yee Lam, who has over 223K followers on Instagram. She was arrested in February this year for gambling illegally at an online casino and promoting bookmaking. If convicted, she could be fined up to HK$5 million and imprisoned for 7 years.
Law
7 HK influencers arrested for allegedly promoting illegal online gambling
The Standard

Seven influencers arrested for promoting illegal online gambling

Seven influencers were arrested by police for promoting illegal online gambling on social media within the week. One of the suspects is 28-year-old actress Bui Yee-lam, also known as Chantale Belle. She previously starred in now-emigrated Hong Kong actor Chapman To Man-chak’s podcast.
Law
Seven influencers arrested for promoting illegal online gambling
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EXPANDS PARTNERSHIP WITH HONG KONG'S PONG GROUP, OFFERS PLAYERS ALL-NEW DINING REWARDS

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Casino at Grand Emperor Hotel to halt operations June 26

Grand Emperor Hotel will not renew the service agreement with gaming concessionaire SJM. The group will retain its hotel business at the Grand Emperor. The business environment is difficult due to the Covid-19 pandemic. At least seven satellite casinos in ZAPE and Taipa will shut this year. Babylon Casino is next to announce its halt of operations. New law proposes that satellite casino should operate under the premises of the concessionary. It is possible additional financial pressure amid the gaming revenue downturn recorded in March.
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1400 Arrests, $8M Seized in Illegal Gambling at Euro: Interpol

More than 1400 people were arrested in Interpol's operation targeting illegal gambling during Euro 2020. Hong Kong police detained more than 800 suspects, including the alleged kingpin of a triad-controlled bookmaking syndicate. In Italy, 280 betting shops were inspected and 1.3 million euros were delivered for illegal betting schemes.
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Hong Kong shares drop over 1.5% as tech, casino stocks weigh

Hong Kong shares ended lower on Wednesday. Tech and casino gaming stocks were the biggest losers. Beijing will promote the development of a "civilized" internet. Macau kicked off public gaming consultation ahead of casino rebidding. Evergrande Group won't be able to pay loan interest due on September 20. The Hang Seng Property Index went down 2.2%, with Country Garden slumping 8.8%. The Hang seng Finance Index declined 1.1%. Insurance giant AIA Group shed 3.9%.
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Hong Kong shares drop over 1.5% as tech, casino stocks weigh
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Netmarble offloads KakaoBank shares ahead of casino game buy

Netmarble sold 133 billion won worth of shares in KakaoBank to secure liquidity. It sold 6 million shares for 430 billion on August 10. Netmarle will use the proceeds to complete the acquisition of SpinX, a social casino game company. It plans to pay 80 percent of the 2.5 trillion won by Sept. 17 and the remaining 20 percent over four years.
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Netmarble offloads KakaoBank shares ahead of casino game buy
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Korean Gaming Giant Netmarble Buys Hong Kong Casino App To Further Global Expansion

Korean Gaming Giant Netmarble Buys Hong Kong Casino App SpinX Games for $2.19 billion. The deal will expand the South Korean gaming giant's business outside its home market. SpinX's games include Cash Frenzy, Lotsa Slots and Jackpot World. Analysts expect more gaming sector tie-ups as the world’s top brands try to capture an internationalized market that is growing because of pandemic-era play. Global gaming market is expected to grow to $250 billion by 2025 from $150 billion last year.
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Korean Gaming Giant Netmarble Buys Hong Kong Casino App To Further Global Expansion
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SJM H1 net gaming revenue rises 19.4%

SJM H1 net gaming revenue rises 19.4% year-on-year to HK$5.22bn in the first half of 2021. The group’s net revenue increased by 18.8% to $5,076m compared to the same period a year earlier. Mass market gross table gaming revenues increased 33.2% and VIP gross gaming Revenue decreased 37.5%.
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Netmarble buying global No. 3 social casino game SpinX for $2.19 bn

Netmarble Corp. is buying a full stake in Hong Kong-based casino app SpinX Games for $2.19 billion. The company is one of the fastest growing players in the social casino game industry. It raised 162.2 billion won in sales in first quarter of this year and 328.9 billion in six months. Online gambling is banned in Korea. Netmarle plans to expand its overseas business through the acquisition.
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Netmarble buying global No. 3 social casino game SpinX for $2.19 bn
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Netmarble to Take over World's Third-largest Social Casino for 2.5 Tril. Won

Netmarble will buy SpinX, the world's third-largest social casino company, for 2.5 trillion won in cash. It will be the largest deal in the game industry. Spin X owns Cash Frenzy, Lotsa Slots and Jackpot World. In the first half of this year, Spinx's sales climbed 46 percent from a year earlier. Netmarle acquired Kabam in 2017. The Korean game giant is planning to borrow about 1.8 trillion Won to finance the deal. Social casinos refer to casinos online based on social network services (SNS) such as Facebook.
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Yggdrasil Launch Third Entry In Gigablox Slot Entry

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