China Cracks Down on I-Gaming
China has launched a three-month crackdown on Internet gambling, aiming to "purify the cyber environment," according to a statement prepared jointly by several government departments.
Beijing, Shanghai, Guangdong and Zhejiang are key places to be supervised, it said, calling on local government departments to strictly monitor online gaming operators who are not allowed to exchange "virtual money" with real currencies or properties.
China's police busted a total of 347,000 gambling cases involving 1.099 million people in 2006 and seized 3.56 billion yuan ($445 million), up from 2005, according to official statistics.
Gambling restriction became a high priority in January 2005 after a senior government official lost over $30,000 in public funds during more than 15 trips to a North Korean casino.
Meanwhile, last week, PartyGaming also announced that it would stop accepting any new real money accounts from French citizens. In September, Bwin co-chief executives Manfred Bodner and Norbert Teufelberger were arrested by the French gaming police and the company was forced to cancel its sponsorship contract with Monaco football club.
French politicians also passed a delinquency law this month with an amendment that would prevent the transfer of funds from French players to online gaming sites.
iGamingNews
Beijing, Shanghai, Guangdong and Zhejiang are key places to be supervised, it said, calling on local government departments to strictly monitor online gaming operators who are not allowed to exchange "virtual money" with real currencies or properties.
China's police busted a total of 347,000 gambling cases involving 1.099 million people in 2006 and seized 3.56 billion yuan ($445 million), up from 2005, according to official statistics.
Gambling restriction became a high priority in January 2005 after a senior government official lost over $30,000 in public funds during more than 15 trips to a North Korean casino.
Meanwhile, last week, PartyGaming also announced that it would stop accepting any new real money accounts from French citizens. In September, Bwin co-chief executives Manfred Bodner and Norbert Teufelberger were arrested by the French gaming police and the company was forced to cancel its sponsorship contract with Monaco football club.
French politicians also passed a delinquency law this month with an amendment that would prevent the transfer of funds from French players to online gaming sites.
iGamingNews
posted by Lady_Marmalade at 5:47 AM
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