Skip to main content

Chinese Online Gambling Costs the State NZ$375 Billion

Recently updated on September 13th, 2019

The popularity of Chinese online gambling is growing and the republic isn’t happy with the effects on its society. Online casinos on the other side of the world offer Chinese gamblers hundreds of gaming sessions for popular casino games on the internet. A single baccarat table at these casino sites targeting Chinese players can draw betting volumes reaching 75000 yuan (NZ$16548) in a 30-second game.

Online gambling targeting players in China allows gamblers to bet on their favourite casino games without having to travel to gambling locations like Macau or other countries like Australia and New Zealand to gamble. However, this isn’t great news for the Chinese government. The Communist Party government views gambling as a vice that fuels social unrest and, by law, it’s prohibited on the mainland. Furthermore, this ban on betting includes online gambling.

chinese online gambling NZ

Chinese online gambling is growing as they can get away with playing at offshore online casinos. This is because of the anonymity the internet allows citizens. The Asian online gambling sector is growing. Market researchers at Technavio expect it to reach NZ$375 billion in sales by the end of 2019. Additionally, besides it being a vice, China’s Communist Party sees these Chinese online gambling transactions draining billions of yuan out of the country.

Chinese Online Gambling Sites Should be Shut Downs Says Government

In an effort to curb the rise, the Chinese government has appealed to its neighbours that allow gambling online to shut it down. They’re lobbying the Philippines and Cambodia to prohibit online gambling. However, it’s proving difficult as it’s a highly lucrative business for both those countries. Chinese online gambling involves other jurisdictions, which is making it difficult for them to control. “It’s become a cross-border business, and it’s very difficult for China to prosecute,” says David Lee, a partner at Taipei law firm Lin & Partners.

There are many online gambling sites out there and trying to control Chinese online gambling will be very difficult. “Many online gaming companies operate under the radar. There are so many of them. It’s like China’s trying to whack a mole,” says Macau-based managing partner at Asian gaming consultant IGamix Ben Lee.

But the government is making some head way in terms of controlling Chinese online gambling. They’ve managed to get Cambodia to agree to not issue new online casino licenses. Also they will not renew existing ones when they expire. Additionally, the Philippines agreed to stop accepting applications for new licenses until the end of the year. However, President Rodrigo Duterte rejected China’s call for a full ban after meeting with President Xi Jinping.

For latest news on the online gambling, keep it here at NewZealandCasinos.

Published by September 13, 2019 Categorie(s): Latest News, New Zealand, North Island, South Island

About the Author

Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content. Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.

More Posts from Taralynn.

Related Posts

SkyCity Shows Concern Over Crown Resorts Investigation

Published by August 17, 2019 Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island

SkyCity concerns about crown resorts investigation

Recently updated on August 17th, 2019SkyCity Entertainment owns three casinos with two in New Zealand and one in Adelaide Australia. In the past days, there have been revelations that the big Australian casino operator, Crown Resort was involved with junket operators that are supported by powerful crime gangs. As a result, the Australian casino is […]

Mega Moolah Makes Two Players Millionaires Over 48 Hours

Published by March 19, 2019 Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island

mega moolah winners online

Recently updated on March 19th, 2019Mega Moolah has made two lucky online pokies players instant millionaire this last month. Not only was it two winnings within a single month, but the two wins also took place over 48 hours. The wins took place at two online casinos powered by the powerhouse software provider, Microgaming. The […]

Racing NSW Spreads Scope of Investigation into Tabcorp to Unibet

Published by April 25, 2019 Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island

Racing NSW

Recently updated on April 25th, 2019Racing New South Wales (Racing NSW), an Australian regulatory body for thoroughbred horseracing, has been conducting an investigation into an ex-trading manager, of Tabcorp. Sally Snow – the manager in question – has been accused of rigging TAB bets. The investigation has now expanded to include Unibet’s local head of […]

Vicky Ventura Slot Game Released by Red Tiger

Published by April 28, 2019 Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island

Recently updated on April 28th, 2019Vicky Ventura is the latest video slot game to become a part of Red Tiger’s extensive game portfolio. The software provider, which has won many awards, invites players to adventure galore. The video slot game is set in mysterious ruins in the depths of the jungle. Thankfully, the game has […]