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Preparing for China Opening to Online GamblingMon, Mar 3rd, 2008 @ 12:00am Companies are already jockeying for starting positions in anticipation of China regulating online gambling on the Chinese mainland, with the Galaxy Entertainment Group saying that they too are making preparations, joining Bodog in their recent online poker campaign to target Chinese players. Speaking at the Asian Interactive Gaming conference in Macau, Francis Lui, deputy chairman of the Galaxy Entertainment Group, was quoted in the Macau Daily Times as saying that "Galaxy Entertainment Group is making moves to capitalise on an eventual legalising of internet gaming in the Mainland." "Galaxy is very excited by this business opportunity [online gaming in the Mainland] and we have established a foundation through an agreement with an internet cafe operator in China," said Lui, whose company is a Macau gaming concession holder.
"Online betters in Asia are used to paying in person rather than through the internet. Internet cafes provide a convenient location for gaming sites to sell online credits," the executive added. "Most forms of gaming continue to remain outlawed in the Mainland, including online betting, although the Chinese propensity for gaming could eventually see a change in position from the government," he suggested.
"There is undoubtedly a latent demand for online gambling and in time the market could open up to a limited number of operators located in China," he opined. Read Related Article:
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Fabrice Soulier Joins Everest Poker's Pro Roster To further strengthen its support for French poker in anticipation of the opening of that market, Everest Poker has signed renowned French poker pro Fabrice Soulier as its latest ambassador.
HHPT Co-Sponsors Bayou Poker Challenge Ladies Event Dec. 20 The HighHeelsPokerTour (HHPT), the first all women's poker tour launched on the East coast, will wrap up their 2009 schedule at Harrah's New Orleans on December 20th where they will co-sponsor the Ladies Event #14 no-limit Hold'em at 12 pm.
OPPAGA Reports on Florida's Online Poker Options Given that UIGEA permits individual states to regulate online poker, the Florida Legislature's Office of Program Policy Analysis and Government Accountability (OPPAGA) published a report this week presenting three options available to Florida State lawmakers in order to protect consumers from unlawful internet poker: regulate it, prohibit it, or carry on with the status quo pending federal legislation.
BC Poker Champion Arrested, Charged with Manslaughter Just two days after taking down the BC Poker Championships Main Event, Sophon Sek of Cloverdale, BC, was arrested in connection with one of the most storied crimes in the Province's history.
Local Businessman Bags European Poker Tour Vilamoura Bling The European Poker Tour rolled into the Casino Vilamoura last week, instantly generating the richest poker prize pool in the nation of Portugal's history.
Keikoan Captures Harvey's Lake Tahoe WSOPC Championship This week marked the finale of the biggest annual tournament series in Northern Nevada, the WSOP Circuit championship at Harvey's Lake Tahoe. While the Main Event saw only a modest turnout, it did boast of a tough final table, and a WSOP bracelet owner as the eventual champion.
WSOP Main Event Champ Joe Cada to Appear on Letterman The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP.
Durrrr Signs as Team Full Tilt's Youngest Member Tom "durrrr" Dwan is the newest member of Team Full Tilt, the online site's highest level of affiliation. At 23, Dwan is the youngest of the now 14-person team. The high stakes cash phenomenon was nominated for induction this year into the Poker Hall of Fame until the Hall of Fame Governing Council decided he was too young to meet the "has stood the test of time" qualification. |
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