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Losers and Winners of Online Gambling in China

Niji Narayan

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Photo source: aljazeera.com
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Countless ordinary Chinese people, driven by greed and ignorance, have fallen into online gambling like the moths flying towards the fire.

In 2018, Chinese handset maker Gionee was forced into bankruptcy liquidation. The reason was that Liu Lirong, the owner of Gionee, gambled and lost more than 1 billion Chinese yuan in Saipan Island, leading to a shortage of operating capital and final bankruptcy.

Traditional Confucianism holds that gambling means greed and depravity. Many Chinese literary works and academic studies have portrayed Chinese gamblers and many people think that Chinese people are fond of gambling.

Before the rise of online gambling in many countries, China’s neighbouring countries once set up casinos in border areas with China to attract Chinese tourists and gamblers. Gambling-related criminal cases caused a lot of trouble for the Chinese government. Under pressure from the Chinese government, casinos in many border areas had been shut down.

The rise of online gambling has changed the story. Gaming companies have been able to spread their tentacles into every corner of China with the help of internet.

The reason why the gaming companies in the Philippines employ a large number of Chinese employees is that all of the Chinese employees can speak Chinese and most of the customers they serve are Chinese citizens.

Asia

FBM Looks Back on G2E Asia @ the Philippines

Niji Narayan

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FBM Looks Back on G2E Asia @ the Philippines
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FBM has attended the first edition of G2E Asia @ the Philippines as the title sponsor.

As a leader in video bingo, the brand came to the show to present its amazing new video bingo machine Galaxy. The machine offers high-class components with a fine design and outstanding performances that have been hailed by the public. The machine was showcased with the new generation of FBM famous games such as Bingo-Go and Rubingo, composing the new Progressive Series.

The new Galaxy Machine was nominated for the G2E Asia @ the Philippines Product Awards as the Best Bingo Solution of the year, a prize that FBM won with great pleasure.

“We would like to thank everyone who has voted on the FBM product. It was a great satisfaction for all of us. I extend our thanks to all the associations involved in this award: G2E, AGA, and PAGCOR, as well as to all the excellent professionals who were part of the new Galaxy project. The new Galaxy is a breakthrough in the bingo industry and will surely have a prosperous future in the market,” Renato Almeida, FBM executive said.

A new version of the famous PHANTOM machine was also presented. A redesigned model of the most popular bingo machine in the Philippines that incorporates one more monitor, bringing extra interaction and dynamism to players.

Easy$Link, the first linked spin reel games of the brand has been a hit ever since its release earlier this year. “FBM’s Spin Reel line was one of the biggest news for FBM in 2019, and even more is about to come,” Almeida said.

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Asia

Philippine Police Reports 42 Casino or POGO Related Kidnappings This Year

Niji Narayan

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Philippine Police Reports 42 Casino or POGO Related Kidnappings This Year
Photo Source: canadianinquirer.net
Reading Time: < 1 minute

 

Anti-Kidnapping Group of the Philippine National Police has reported 42 cases of kidnapping related either to casinos or POGOs in the first 11 months of 2019.

The kidnappings, which primarily involved Chinese nationals, included 36 casino-related crimes and six linked with POGOs. Of those, 21 cases have been solved with 21 people rescued, while 58 suspects have been arrested. Instances of casino-related kidnappings appear to have slowed in the two months.

Tourism Secretary Bernadette Romulo-Puyat issued a statement that aimed at reassuring tourists that the Philippines is safe to visit.

“It’s very much (safe). We will not promote a place where we know it’s not safe. Why? If something happens to even a single tourist, it destroys the whole Philippines. We’re not only in touch with the PNP but also the Armed Forces of the Philippines and the local government units. It is to our advantage to make sure that the tourists are safe so that when they come to a particular destination, they’re assured nothing bad will happen to them, that they are safe and secure,” she said.

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Asia

AGTech Entered into Cooperation Framework Agreement with Alibaba Group

George Miller

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AGTech Entered into Cooperation Framework Agreement with Alibaba Group
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AGTech Holdings Limited announced that its wholly-owned subsidiary, Beijing GOT Technology Co., Ltd entered into the Alibaba Cooperation Framework Agreement with Alibaba China.

According to the agreement, AGTech may provide equipment and maintenance services to Alibaba through open bidding and commercial negotiations. Such equipment include, but not limited to, point-of-sales (POS) terminals and face recognition payment equipment, which may be applied to offline retail sales and lottery sales.

The Group’s lottery hardware business has been a critical component of the Group’s business. The Group supplies the Sports Lottery and the Welfare Lottery and has lottery hardware deployed in multiple provinces, cities and municipalities across the PRC, making the Group one of the leading manufacturers and suppliers of lottery terminals and other hardware in the PRC. In 2018, the Group won 19 lottery hardware tenders, accounting for over 41% of the overall Sports Lottery terminal tenders in the PRC during the same period, calculated by the number of terminals tendered. The Group did especially well in new Android sports lottery terminals tenders in the PRC, winning over 67% of such tenders in 2018, calculated by the number of terminals in such tenders.

The Group believes that Alibaba Group’s new retail initiatives present a great opportunity for the further development of the Group’s lottery hardware business. New retail represents the convergence of online and offline retail by leveraging digitalised operating systems, in-store technology, supply chain systems, consumer insights and the mobile ecosystem to provide a seamless shopping experience for consumers.. In particular, new retail initiatives require the supply of an enormous amount of hardware supplies, such as POS terminals, and payment and settlement devices. Many of these hardware supplies share similar designs, technologies and components that underlie the lottery hardware products supplied by the Group throughout the years.

The Group has been collaborating with Alibaba Group’s retail ecosystem including Lingshoutong to enhance on lottery distribution models. Through Alibaba Group’s physical new retail distribution channel and networks, supplying the relevant hardware products in relation to Alibaba Group’s new retail initiatives is able to bring lottery opportunities and resources to more customers, therefore presents direct opportunities for the further development of the Group’s domain expertise of lottery technology and services.

 

Source: AGTech Holdings Limited

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