Industry News

Sportsbook Updates – China Implements Stricter AML Measures against Illegal Gambling

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Chinese Sportsbook Updates – China Implements Stricter AML Measures against Illegal Gambling

The Chinese government is struggling to stop the cross-border flow of funds used for gambling. It coincided with the recent news that China implements stricter AML measures. The People’s Bank of China tagged the anti-money laundering measures as necessary. However, JP Morgan Securities said that the measures were not to prevent money laundering activities. Instead, […]

Industry News

No Bookie Sponsors in Japanese Football

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No Bookie Sponsors in Japanese Football

In the English Premier League, half of the teams had gambling or bookie sponsors. Also, 17 out of out 24 Championship teams had gambling sponsors. However, there are no bookie sponsors in Japanese football. Gambling firms accounted for 12 percent of the total sports sponsorship in the UK in 2019. One of the most popular […]

Industry News

Pachinko Betting Gamblers Ignore Abe’s Emergency Order

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Pachinko Betting Gamblers Ignore Abe’s Emergency Order

It looks like pachinko betting gamblers in Japan are ignoring Prime Minister Shinzo Abe’s declaration of a state of emergency in Tokyo and other prefectures. There are still long lines outside parlors. Pachinko is a $192 billion industry. Gamblers try to win money by playing pinball-like devices. However, it came under scrutiny after Abe’s order […]

Industry News

Asian Betting Sites Take Bets on Coronavirus

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Asian Betting Sites Take Bets on Coronavirus

While many sportsbooks across the globe are struggling in finding betting options during the COVID-19 pandemic, some Asian betting sites have found themselves a profitable niche. According to online gaming news, several websites are targeting Asian players by offering various coronavirus betting options. One offshore betting site is offering coronavirus wagering on the last digit […]