Tag Archive: China

All gambling in China is illegal as the government wants to ensure social cohesion throughout the population. Nevertheless, a huge amount of gambling still goes on as the Chinese as a whole love to bet on anything. The government does offer a few betting opportunities, mainly horse racing, and football. For casino games, you'll require a special visa to visit either Macau or Hong Kong. Even though gambling is permitted here, there are no internet casinos allowed across the whole of China.

Everyone knows that Asians love to gamble. The history of countries like China and India is full of tales of bets lost and won. Today, it's the same story. Asians can't help themselves when it comes to the chance to bring Lady Luck on their side. As a result, there are a huge number of betting games that are less well-known in the West. But casinos in Europe and the US are now reaching into Asian markets and so beginning to offer these familiar Asian games to their new customers.

Though many Asian countries take a dim view of gambling, they all recognize the tax benefits. So, though many still have laws in place making gambling illegal, there are certain areas where gambling is permitted. This probably makes gambling something daring and more underground. In this manner, gambling has recently become a hot genre for box office takings. Today, you can find many Asian gambling movies that enjoy a massive following, with many sequels cashing in on their initial success.

The casinos of Macau have a heavy dependency on high rollers coming across the border from China. Macau-based junkets offer incentives and even credit to these wealthy Chinese players. They receive a fat commission from the casinos themselves for providing players who will happily spend millions of dollars at a single sitting. It goes without saying, that this creates a massive need for money laundering and wire fraud. As a result, China is cracking down on Macau casinos to stop all junkets.

After falling into gambling debts, a clever punter decided to exploit the time delay between live action in sports and the showing of it on TV. The delay was large enough for his team to place wagers after they had seen the final result, but before this data had reached the sportsbook. Ever the entrepreneur, he recruited a number of players from around China to help him, sending them to Europe in order to place wagers on various sporting events. They managed to amass around $4 million.