#Zhejiang

chinadaily.com.cn

Zhejiang police crack major online gambling ring using WeChat groups, arrest over 40

Police in Taizhou, East China's Zhejiang province, have cracked a major cross-provincial online gambling operation organized through WeChat groups, arresting over 40 suspects. The case involved an estimated 1 billion yuan ($139 million) and nearly 1000 participants from across the country, authorities said. A large number of computers, mobile…
Incidents
Zhejiang police crack major online gambling ring using WeChat groups, arrest over 40
bnnbreaking.com

Major Online Gambling Ring Busted in Taizhou, China: Over 40 Arrests and $139M Seized

In a significant crackdown on illegal online activities, Taizhou police in Zhejiang province have dismantled a substantial cross-provincial online gambling operation. The raid, which led to the arrest of over 40 individuals and the seizure of an estimated 1 billion yuan ($139 million), marks a major victory against online gambling networks in…
Incidents
Major Online Gambling Ring Busted in Taizhou, China: Over 40 Arrests and $139M Seized
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Macau Business

Chinese punters placed RMB300 bln in bets linked to Suncity online gambling

Mainland Chinese gamblers had contributed over RMB300 billion (MOP339 billion/USD42 billion) to online gaming activities led by former Suncity Group boss Alvin Chau, China Central Television has reported. According to a CCTV report on Monday, a court in Wenzhou, Zhejiang province, believes that the junket operator could have pocketed around RMB8.7…
Incidents
Chinese punters placed RMB300 bln in bets linked to Suncity online gambling
AGB - Asia Gaming Brief

Suncity's online gambling wagering exceeded $42.2 billion, reported the State-owned TV

The report from CCTV has unveiled details of the cross-border gambling operations, including the scale of the online gambling business, affiliates' requirements, and how the online gambling group received and settled gambling funds. CCTV noted that Alvin Chau started an online gambling business in the Philippines targeting Chinese nationals in…
Incidents
Suncity's online gambling wagering exceeded $42.2 billion, reported the State-owned TV
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Shanghai police cracking down on online gambling gangs

Shanghai police have arrested more than 800 people so far this year for gathering people to take part in online overseas gambling, local police said on Wednesday.Zhu Yuting 16:54 UTC+8, 2022-09-28 Shanghai police have arrested more than 800 people so far this year for gathering people to take part in online overseas gambling, local police said on…
Incidents
Shanghai police cracking down on online gambling gangs
Business Live

Casino stocks jump as Macau gets ready to welcome back Chinese tour groups

Macau casino stocks surged the most in six months on Monday after the city announced plans to welcome back tour groups from mainland China as soon as November, a breakthrough for the gaming hub's Covid-19-hammered, tourism-dependent economy. Wynn Resorts soared as much 15% on Monday to $68.89 in New York, the biggest intraday gain since November.…
Finance
Asia Financial

Macau Casino Shares Soar as China Allows Tour Groups to Return

Macau casino operators shot up to 13% on Monday after the city's leader gave some long overdue good news. Macau chief executive Ho Iat Seng said on Saturday that China would resume an internet visa scheme for travellers from the mainland and permit group tours. This was music to the ears of casino operators, who have suffered nearly three years of…
Covid
Macau Casino Shares Soar as China Allows Tour Groups to Return
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Investor Place

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

Casino stocks are rising higher on Monday and they have China's easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Macau, the world's gambling hub, starting in November. This will allow tour groups from Mainland China to visit the casinos in the area for the first time in almost three years. That will…
Finance
The Street

Las Vegas Sands Stock Leaps As Macau Eases Covid-Era Gaming Rules

Las Vegas Sands (LVS) shares lead U.S. casino operators sharply higher Monday after officials in the city of Macau, the world's largest gaming hub, agreed to allow tour groups from mainland China for the first time in nearly three years. Macau, a Special Administrative Region of the People's Republic of China, said group visits - heavily restricted…
Covid
Vegas Slots Online

Macau Casino Shares Soar as China Tour Groups to Return

On the back of news Macau will welcome back tour groups from mainland China in November, shares in the Special Administrative Region's casinos have soared, including Sands China. [Image: Shutterstock.com] Sands China's shares have risen 13% after Macau CEO Ho Iat Seng announced mainland China tour groups can return to the gambling hub in November.…
Covid
Macau Casino Shares Soar as China Tour Groups to Return
Gambling News

Macau Casino Stocks Surge After Macau Announces It Will Relax COVID Measures

Macau casino shares experienced a positive boost after the chief executive of Macau, Ho Lat-Seng, announced that Macau is going to accept tourist groups from mainland China again starting in November. Bloomberg reported that its Intelligence gauge tracking Macau's six casino operators that have casino concessions in the former Portuguese colony has…
Covid
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Barron's

Macau Casino Stocks Surge On Mainland Travel Hopes

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the Chinese mainland, the demographic that makes up the vast majority of punters. Macau is the only place in China where casinos are legal and the former Portuguese colony used to dwarf Las Vegas for the scale of bets placed each…
Travel
Macau Casino Stocks Surge On Mainland Travel Hopes
Radio Free Asia

China arrests Macau casino chief in crackdown on cross-border gambling

Macau's Suncity casino operator has shut down its VIP rooms following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering, Reuters reported on Wednesday, as the ruling Chinese Communist Party (CCP) seeks to curb what it sees as a dangerous outflow of capital from mainland China. The move will slash the number of…
Incidents
China arrests Macau casino chief in crackdown on cross-border gambling
Spectrum News

China issues warrant for Suncity boss over illegal gambling

BEIJING (AP) - Macao police on Saturday detained the head of Macao's biggest junket organizer and others after Chinese authorities issued an arrest warrant for them over accusations that they ran an illegal cross-border gambling syndicate. The arrests in the gambling enclave came after prosecutors in Wenzhou, in the eastern province of Zhejiang, on…
Law
China issues warrant for Suncity boss over illegal gambling
iGaming Business

China announces illegal gambling 'amnesty'

China's Ministry of Public Security has announced an amnesty in which individuals that come forward to confess their involvement in illegal gambling operations will avoid serious punishment, provided they do so by 30 April. The'Notice on the surrender of cross-border gambling-related criminal suspects' was jointly issued by the Ministry, the…
Law
China announces illegal gambling 'amnesty'
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Nikkei Asia

How China's e-commerce giants enable illegal online gambling -Nikkei Asia

A dark corner of the cyber world benefited from increasingly convenient internet-based payment and logistics services as e-commerce soars amid the pandemic: illegal online gambling. And the shadowy, often offshore operators of illicit gambling sites found witting or unwitting enablers in some of China's leading tech giants according to police, who…
Law
How China's e-commerce giants enable illegal online gambling -Nikkei Asia