According to local media reports, authorities in China have investigated more than 30,000 cross-border gambling cases since the start of last year.<\/p>\n\n\n\n\n\n\n\n
China.- China\u2019s Global Times has reported that from 2020 to October this year,\u00a0Chinese authorities have investigated more than 30,000 cross-border gambling cases<\/strong>. It reported that more than 160,000 suspects have been detained<\/strong>.\u00a0<\/p>\n\n\n\n Cross-border online gambling and betting at brick-and-mortar casinos were both targets of the investigation. The Global Times did not provide a breakdown of the number of cases for each but said enforcement actions had led to the\u00a0closure of 5,100 “gambling platforms” and 3,900 “illegal payment platforms”\u00a0<\/strong>and underground banks. It said this has had the effect of “effectively curbing the rampant trend of cross-border gambling.” <\/p>\n\n\n\n At the beginning of this month,\u00a0police dismantled a cross-border gambling operation<\/a>\u00a0that organised trips for Chinese citizens to gamble at\u00a0Tigre de Cristal<\/a>, located in\u00a0the Primorye Gambling Zone in Russia.\u00a0<\/strong>Some 142 suspects were identified and 75 prosecuted.<\/p>\n\n\n\n The security departments said they found RMB 1.6bn (US$250m) was being used for gambling<\/strong>. They identified 18 shelf companies, which they said were used for capital transfers. The police investigation also identified four \u201cunderground banks\u201d<\/strong> and ten travel agencies allegedly providing services to gamblers.<\/p>\n","protected":false},"excerpt":{"rendered":" According to local media reports, authorities in China have investigated more than 30,000 cross-border gambling cases since the start of last year.<\/p>\n","protected":false},"author":176,"featured_media":21883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Chinese authorities have investigated over 30,000 cross-border gambling cases since 2020, detaining 160,000 suspects and closing thousands of illicit gambling and payment platforms. This extensive crackdown, targeting both online and land-based operations, has effectively curbed the rampant trend of cross-border gambling, as evidenced by the recent dismantling of an operation linked to Russia's Tigre de Cristal casino. The enforcement actions highlight significant regulatory and operational risks for the iGaming and capital markets sectors.","focusai_entities":"Global Times, Tigre de Cristal","focusai_location":"China, Russia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), affiliate_publisher (0.7), tech_data (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Asian Operators?","query":"What are the projected financial and operational impacts on iGaming operators and land-based casinos in neighboring Asian jurisdictions that historically catered to Chinese VIPs, following this intensified regulatory enforcement?"},{"label":"AML Framework Efficacy?","query":"How will this crackdown influence the development and enforcement of AML and KYC governance frameworks across international payment processors and financial institutions handling transactions related to iGaming?"}],"footnotes":""},"categories":[16338,439],"tags":[229,23911],"class_list":["post-24909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-gambling","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24909"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24909\/revisions"}],"predecessor-version":[{"id":24946,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24909\/revisions\/24946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21883"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}