Online Casino Transfer: News - China's Gambling Out of Control

02/04/2010		Online Casino Style: News China's Gambling Out of Control - 1
Home History Games News Dictionary		Late last month, the news source The Daily Telegraph published an interesting article that caught the attention of the online gambling industry. According to the piece, the firmly established gambling community in China continues to flourish in spite of the national ban on both internet casinos and their live cousins. It’s an impressive opinion to take note of, especially given the context of the prohibition that has been largely in place since the Communist Party came to power in 1949: a resurgence of gambling continues with the convenience of online gambling venues, 61 years later. According to the newspaper, though gambling has always been a popular diversion in China, the recent commodities of internet casinos make it easier for residents of China to surpass the ban, and the rate of increasing incomes are finding online gambling becoming more and more popular in spite of internet censorship programs. There are two legal, and government sanctioned lotteries in China, but the black gambling market is by far more lucrative, with more than one trillion yuan, equal to about £900 million, gambled illegally every year. The downside, the Telegraph admits, is that the trend is developing a correlation to addiction to online gambling. According to Wang Xuehong, director of Peking University’s Centre for Lottery Studies, most countries that host internet gambling markets see a percentage of addicts from 2 to 3 percent. In China, however, there are no programs available for prevention or treatment, resulting in a rate of problem gambling is higher, “because people are still not rational when it comes to gambling.” continued in China's Gambling Out of Control - 2

02/04/2010

Online Casino Style: News
China's Gambling Out of Control - 1

Late last month, the news source The Daily Telegraph published an interesting article that caught the attention of the online gambling industry. According to the piece, the firmly established gambling community in China continues to flourish in spite of the national ban on both internet casinos and their live cousins. It’s an impressive opinion to take note of, especially given the context of the prohibition that has been largely in place since the Communist Party came to power in 1949: a resurgence of gambling continues with the convenience of online gambling venues, 61 years later.

According to the newspaper, though gambling has always been a popular diversion in China, the recent commodities of internet casinos make it easier for residents of China to surpass the ban, and the rate of increasing incomes are finding online gambling becoming more and more popular in spite of internet censorship programs. There are two legal, and government sanctioned lotteries in China, but the black gambling market is by far more lucrative, with more than one trillion yuan, equal to about £900 million, gambled illegally every year.

The downside, the Telegraph admits, is that the trend is developing a correlation to addiction to online gambling. According to Wang Xuehong, director of Peking University’s Centre for Lottery Studies, most countries that host internet gambling markets see a percentage of addicts from 2 to 3 percent. In China, however, there are no programs available for prevention or treatment, resulting in a rate of problem gambling is higher, “because people are still not rational when it comes to gambling.”

continued in China's Gambling Out of Control - 2