According Online-Casinos.com, at last week’s Asian Interactive Gaming conference Francis Lui, deputy chairman of the Galaxy Entertainment Group, is reportedly “very excited by this business opportunity” and is making sure his company is positioned to best advantage when it happens, of providing legalizing internet gaming in mainland China.
“Galaxy Entertainment Group is making moves to capitalize on an eventual legalizing of internet gaming in the Mainland,” said Lui, whose company is a Macau gaming concession holder. “Galaxy is very excited by this business opportunity [online gaming in the Mainland] and we have established a foundation through an agreement with an internet cafe operator in China,” he said.
“Most forms of gaming continue to remain outlawed in the Mainland, including online betting, although the Chinese propensity for gaming could eventually see a change in position from the government,” suggested the company executive.
The China mainland has 67 million internet hosts, 167 million internet users and more than 450 million mobile phone users, the deputy chairman presented during the conference’s key-note address.
According to Xinhua news agency, the number of online game players in China rose 23 percent to 40 million last year with sales of online games jumping more than 61 percent to 10.57 billion Yuan.
Just as gaming companies have overcome initial opposition to casinos in jurisdictions such as Singapore, online operators will have to win the trust of the Mainland government through their ability to manage players and avoid any adverse impact on the community, said Mr Lui. In addition, according to gamblingcompliance.com the gaming companies looking to go online in Asia need to urgently address the concerns of China’s regulators over age verification, fraud and problem gambling.
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