Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Asia

Tencent closes poker platform in China

Published

on

poker platform in China
Photo Credit: Reuters
Reading Time: 2 minutes

 

Tencent Holdings, the Chinese technology leader, has decided to shut down a popular Texas Hold’Em poker video game. This is seen as a step for compliance with government scrutiny and directions on the country’s gaming industry.

Tencent said it would formally begin to shutter “Everyday Texas Hold’Em” from Monday and would closer the game’s server from Sept 25. Tencent would compensate users in accordance with regulations of Ministry of Culture.

The Shenzhen-based company, which draws a huge amount of its profit from gaming, is facing mounting challenges this year from stringent regulation and government censorship. It has had to pull one blockbuster game and seen others censured.

The company’s market value slumped by around $20 billion in one day last month over concerns that China would limit gaming after a crackdown on online games citing rising levels of myopia.

A Tencent spokesman said the plan to shutter the game was a “business adjustment” but declined to comment further.

Tencent logged its first quarterly profit decline in nearly 13 years in August, citing issues about getting popular games approved.

Founded in 1998, the firm’s main business is video games but it also runs China’s dominant social network, WeChat, with more than 1 billion users.

A person in Tencent’s gaming division, who did not want to be named because they were not authorised to speak publicly, told Reuters it was not a surprise that chess and card games were falling victim first as they were more closely associated with gambling, which is illegal in mainland China.

Texas Hold’Em is one of the most popular forms of poker, where multiple players use mind games, bluff and predict their opponents’ behaviour to win money in the pot. The game originated in Texas in the early 1900s.

Last year, Tencent had to amend a gory, battle royale-style game, “Playerunknown’s Battleground”, because it “severely deviated from socialist core values.”

 

Source: Reuters

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Advertisement

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.