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      <title>China Claims Blacklist Of Destinations For Overseas Gambling by outlookindia05com com</title>
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      <pubDate>2024-05-05 06:00:52 UTC</pubDate>
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         <description><![CDATA[<p>"We have jointly established a 'blacklist' system for cross-border gambling tourism sites with relevant departments," China's Ministry of Culture and Tourism said in a statement on Wednesday. The announcement did not list the sites involved.</p><p><br/></p><p>But "casinos in overseas cities are attracting Chinese tourists abroad for gambling activities, disrupting the order of China's outbound tourism market and endangering the safety and property safety of Chinese citizens," the ministry added.</p><p><br/></p><p>The ministry also noted that the announcement was made in the context of "increased exchange convenience," which "increased the number of Chinese traveling abroad."</p><p><br/></p><p>"We read this as a soft warning to emerging jurisdictions in Southeast Asia, including Cambodia, the Philippines and Vietnam, and to Australia, where the vast majority of VIP demand comes from China, primarily via Gonets," JPMorgan Securities (Asia-Pacific) said in a note on Wednesday on the announcement of its gambling destination watchdog</p><p>"Deputy/Video Betting" means that a person physically present in a casino makes a bet on a real-time dealer table on behalf of a person who instructs the casino game from the outside via phone or other device, or that the jurisdiction allows online players to stream a real-time video of a casino game.</p><p><br/></p><p>Last year, Cambodia said it would stop issuing new permits to companies seeking to provide "online gambling" services and phase them out when existing permits expire.</p><p><br/></p><p>The Philippines currently licenses and hosts so-called Philippine Offshore Gaming Operators, which provide video streaming games. The Chinese government asked the Philippines to ban "all online gambling" services that began in the Philippines in August last year, but a Philippine official pointed out that this was a sovereign decision by the Philippines.</p><p>JPMorgan analysts DS Kim, Derrick Choi and Jeremy An added in their assessment of China's Wednesday announcement: "At this stage it is difficult to know exactly how the (Chinese) government will crack down or what 'blacklisting' means, but we suspect capital flows through underground banks and dealerships and promotion of junk food to overseas markets will be seriously considered."</p><p><br/></p><p>Singapore and markets such as South Korea and Malaysia "to a lesser extent" should "provide better prices given their limited exposure to junkets," the agency added.</p><p><br/></p><p>The JPMorgan team added: "Macao is part of China, so we understand that the central government does not regard Macau as an 'overseas gambling market'."</p><p><br/></p><p>John DeCree, analyst at Union Gaming Securities LLC, said in a note on Wednesday: "The blacklisting will exclude Macau, but SAR is part of China, so a potential outage of the junket system is likely to disrupt [Macao] VIP recovery in the short term.</p><p><br/></p><p>BY: <a rel="noopener noreferrer nofollow" href="https://www.outlookindia.com/outlook-spotlight/2023%EB%85%84-%EB%B0%94%EC%B9%B4%EB%9D%BC-%EC%82%AC%EC%9D%B4%ED%8A%B8-%EC%B6%94%EC%B2%9C-%EC%8B%A4%EC%8B%9C%EA%B0%84-%EC%97%90%EB%B3%BC%EB%A3%A8%EC%85%98-%EB%B0%94%EC%B9%B4%EB%9D%BC%EC%82%AC%EC%9D%B4%ED%8A%B8-%EC%88%9C%EC%9C%84-top15-news-334941"><strong>실시간 바카라사이트</strong></a></p>]]></description>
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         <pubDate>2024-05-05 06:03:26 UTC</pubDate>
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