China Online Gambling Companies
Playtech plc supplies online gambling and gaming software. The Company and its subsidiaries develop software platforms for the online and land-based gambling industry. Its gaming applications include online casino, poker, and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games. China added it hoped the Manila and Beijing could 'jointly tackle criminal activities including online gambling and cyber fraud,' saying it would aid in the development of relations between the. Well, even though online gambling is mostly illegal in China, you can still enjoy some high-quality online casinos from licensed, legal sites. For those in China, most of these online casinos seem to originate from highly regulated countries, such as the UK or the Philippines.
It’s easy to think of huge casino hubs such as Las Vegas when the word ‘gambling’ is spoken, but Asia is also very invested in online gambling, particularly China. The market for gambling in China is huge, however some of you may be aware about the regulations put in place over gambling in this Asian country, so how is gambling actually carried out? Well, despite having more limitations than over countries, residents in China can enjoy gambling and betting on their favourite sports, whether that is football or basketball. Perhaps you’re considering moving to China but adore your online casinos, or maybe you’re simply interested in China’s economy and legal system when it comes to gambling. Either way, all of the information about China’s online gambling forecasts and trends can be found here.
What Is Gambling Like In China?
Whilst China enjoy betting on their sports, this isn’t the only type of online gambling that they participate in. In fact, China is home to many betting forms, including lottery and several slot machines asides sport. However, this is where regulations can become a little tricky. Some of these gambling methods, like poker or mah-jong, may be available on non-approved sites, and these are strictly forbidden in China. When it comes down to betting, all sports betting in China is completely monopolised by the Chinese Sports Lottery, and any violation of their regulations could provide you with severe consequences.
China Online Gambling Companies In America
So, considering that online gambling is booming in China right now, surely it must be very much legal, right? Well, that assumption is actually mostly wrong. For the most part, online gambling in China is illegal, and therefore Chinese residents who like to indulge in online gambling usually prefer internationally licensed websites. Not only will this make online gambling easier for them, but they can also find online gambling sites that offer a whole range of different live casino games.
- Bet365, the Stoke-based bookmaker whose adverts are fronted by the actor Ray Winstone, has grown into one of the world’s largest online gambling businesses, helped by Chinese punters, who risk.
- NetEnt is another publicly-traded company that specializes in online games. They’re responsible for, among other things, the Jumanji slot machine game. Is another Japanese manufacturer of pachinko and pachislo machines. NextGen Gaming serves both online and land-based casinos.
So, How Can You Bet In China?
Well, even though online gambling is mostly illegal in China, you can still enjoy some high-quality online casinos from licensed, legal sites. For those in China, most of these online casinos seem to originate from highly regulated countries, such as the UK or the Philippines. The reason behind this is because these countries both derive a large tax revenue from gambling, and this don’t issue licenses to gambling organisations that aren’t reputable and scam their players. Therefore, when gambling in China, it’s likely that you’ll see residents using online casinos such as Bodog88 or 188bet for all of their betting needs.
Online Gambling Stocks
When using these reputable online casinos however, you’ll obviously need to put down a deposit – will this be possible with your Chinese Unionpay debit card? The good news is, it will be! For all online gambling activities, a deposit/withdrawal basis is used, so it’s only appropriate that the same is done within China.
Laws Of Gambling In China
China has the largest population in the world, so you can only imagine the profits that are made by the Chinese Sports Lottery and Welfare Lottery. Because of this, it would be foolish to regard China as completely anti-online gambling. Although a lot of online gambling activity in the country is strictly prohibited now, the rules and regulations are starting to change in China. While this might seem like a lot initially, only 347,000 citizens were prosecuted in China in 2012 for gambling related crime, which is a huge drop from previous years. However, because of these current laws, there are a few things to consider when delving in online gambling. Of course, you should never use a site that isn’t regulated, but even when using a trust-worthy online casino, it isn’t recommended that you brag about it. With China’s laws in place, it’s highly appreciated if you keep your online gambling activity discrete, so don’t gamble online in internet cafes or in public on your smartphone.
Sports Betting In China
So, the most popular form of online gambling in China revolved around sport, so you might be wondering how the Chinese do this. In America for example, a moneyline bet is highly popular and used by most sport gamblers, but what are the trends in China?
Football Betting
What you may not have known is that football was essentially invented in the country of China, which is why it’s so popular among Chinese habitants. There are many games within the Chinese sports lottery involving sport, including Optional Nine. This type of football involved home/away/draw selections across 9 football matches, but that isn’t all. There’s also Bàn quán chăng, which is tipping 6 selections on a half-time/full-time game. Lastly, you have Jin Qiucai, which is all about tipping the correct score across 4 matches, however the main method in China with football betting tends to be Optional Nine, except rather than 9 matches, it involves 14.
Naturally, placing your bets via an online platform differs to those online. Instead, the best way to carry out an ‘optional nine’ type bet is to put 70% of your stake on a 14-fold straight, then with the 30%, you should play this as a 13-fold round robin. Of course, the less bets that you get correct, the less winnings you will receive at the end of your gamble. Luckily, online bookies tend to have better odds in China, so hopefully you will receive a bigger pay out than you might have expected. With a football bet in China, the preferred odds are lottery style.
Basketball Betting
In China, basketball betting is very similar to that of football, and once again, the odds for basketball betting in China are far better. However, the sports lottery do offer slightly different odds for basketball, called single match and single field betting. Both of these odds are very popular among basketball betting in China, particularly for the NBA, and the point spreads are typically offered at 1.70 per side. Although, China is no different to any other country when it comes to looking for the most profitable bookie – you should always do you research to find out which online casino offers the better odds, providing that they’re regulated, of course.
To begin with, online gambling in China might have seemed a little overwhelming, and at times scary, but as long as you do it correctly, you should have no problems at all. The strict laws in China surrounding online gambling are put in place to protect the population from scams, and are done in the Chinese residents’ best interests. Just always ensure you gamble responsibly, and take extra care when gambling in Chinese territory.
China Online Gambling Companies Publicly Traded
Despite the government’s best efforts, China’s online casino industry isn’t slowing down. According to new reports, this country’s online gaming market is one of the largest in the world. Will the government eventually abandon its fight against gambling?
Today, we’re looking at what’s contributed to the massive rise of online gambling in China. We’ll also talk about how the Chinese government is responding.
Philippines and China Continue to Clash Over Online Gambling
The Philippines’ gambling industry has grown exponentially over the years. In the past, President Rodrigo Duterte worked hard to fight against gambling expansion. Not long ago, he changed his stance, claiming the fight against the gambling industry was over. Since that time, the country’s gaming market has expanded significantly.
PAGCOR, the country’s gambling authority, offers licenses to online gambling operators. Interestingly, these companies, called POGOs, are not allowed to provide online gambling services to Filipino players. Many of these POGOs now specifically target Chinese gamblers.
In China, almost all forms of gambling are banned. But this isn’t stopping companies from offering their services here. Many online gambling companies based in the Philippines even employ Chinese nationals. Recently, China’s government pushed back.
President Xi Jinping asked Duterte to shut down the Philippines’ online gambling industry. At first, it seemed likely that the president would comply with this request. Surprisingly, Duterte announced that he would not close off the internet gaming industry.
This decision wasn’t received well in China. Despite the government’s numerous crackdown attempts, China’s online casino industry is more popular than ever before.
China’s Online Casino Industry Is Now Worth Billions
The Chinese government views gambling as a vice that’s damaging to the country. Lawmakers here have set extremely strict regulations on the industry and punishes those caught gambling severely. Here, only a state-run lottery is available.
Recently, however, a huge number of online gambling portals have become available in China. As we’ve already mentioned, many of them are based in the Philippines. Some are also registered in countries like Costa Rica. The growth of China’s online casino industry is a serious concern for the government.
The Chinese online gambling market is expected to reach $24 billion in sales this year. It’s extremely difficult to shut down due to the international companies offering these betting platforms. China has no real jurisdiction to prosecute these foreign companies. The only option is to target individual players, which is proving extremely difficult.
Ben Lee, a Macau-based online gambling consultant, recently commented on the government’s difficulty in shutting down this industry.
“Many online gaming companies operate under the radar,” he said. “There are so many of them. It’s like China’s trying to whack a mole.”
It’s unclear how the government will respond to the rise in online gambling. If one thing is for sure, the current strategy isn’t working.
Macau’s Gambling Revenue Continues to Decline
As we’ve already mentioned, China bans almost all forms of gambling. In Macau, a Chinese territory, gambling is the primary source of revenue. Many of the biggest and best casinos in the world are based here. Unfortunately, this territory is struggling to make money right now.
The US-Chinese trade war has taken a serious toll on Macau. China’s economy is struggling right now and, as a result, less Chinese gamblers are visiting and gambling in Macau. For almost all of 2019, this territory’s gaming revenue has decreased.
China’s online casino industry is having an effect on Macau’s gambling revenue. More Chinese individuals here are realizing how much easier it is to place wagers over the internet. This isn’t stopping many casino operators from investing in Macau, though.
A number of companies, including Las Vegas Sands and Wynn Resorts, continue to invest in their Macau properties. Officials in these companies believe that, in time, gambling revenue here will recover.
China’s online casino industry isn’t slowing down. Let us know how you think the government should respond to this issue in the comments section below!