Report shows that sales revenue of China’s game market last month was 22.919 billion yuan ($3.4 billion), showing another drop from last year.
Finally, the long-awaited has ended. China’s gaming industry in a rally after regulators approved the country’s first batch of new titles in more than eight months.
The Ministry said it would “continue to advance the work of combating cross-border gambling in-depth, resolutely curbing cross-border gambling chaos and striving to create a safe and stable political and social environment for the successful convening of the 20th National Congress of the Communist Party of China
Chinese regulators have set up an online platform that allows the public to report on gaming companies they believe are violating restrictions on online game times for children.
Macao’s going-bust moment is a tantalizing microcosm of how Asia’s casino bubble was always destined for failure, even without COVID-19. And, more immediately, why new Yokohama Mayor Takeharu Yamanaka made the right call by walking away.
Up until 2020, the Philippine Offshore Gambling Operator (POGO) sector played a huge role in servicing China with online gambling, and for that it needed a large Chinese workforce.