China's secret gambling problem. Gambling in China may be illegal, but that doesn't mean it's not a problem. By David Eimer In Shenyang 09 January 2010 • 11:31 am . This is gambling with a digital twist, and it allows Chinese to bet without traveling to Macau or Las Vegas. It’s also a growing problem for China’s Communist Party, which says the In China, both online and land-based gambling is illegal for all citizens, as is the act of opening a casino overseas with the intention of attracting mostly Chinese citizens. In the first nine months of 2020, police cracked down on 1,700 online gambling platforms and 1,400 underground banks involving more than 1 trillion yuan ($153 billion) of illegal transactions. The problem of the VIP gaming promoters will not be solved until the PRC modernizes its laws. There has been some movement, but the PRC is still far behind the admittedly outdated laws of the U.S. (where gambling debts are still generally legally unenforceable). As an example, gambling in mainland China used to be punishable by death. China’s online gambling problem. By: Randy David - @inquirerdotnet. Philippine Daily Inquirer / 05:50 AM August 25, 2019. With rapid economic prosperity has come the epidemic of online gambling addiction that defies national borders. Recently, a spokesperson from the Chinese foreign ministry described this malady as “the most dangerous of China that do allow some forms of legal gambling. Specifically, both Hong Kong and Macau have some legal forms of gambling. By far, Macau is the most gambling-friendly portion of China. If you live in one of these regions of the country, you’ll have an easier time gambling than you will in mainland China. The problem of illegal online gambling is hardly unique to China. Dozens if not hundreds of offshore gambling companies serve the US despite the fact that federal and state laws don’t allow it (unless regulated, like in New Jersey, Nevada and Pennsylvania). In fact, China increasingly finds itself encircled by a ring of gambling hotspots designed to attract Chinese gamblers. The potential billions in untaxed gambling revenues have not gone unnoticed by the Chinese government, but authorities fear that legalizing gambling at home would invite destabilizing social ills, including organized crime, drug abuse, bankruptcies and the break-up of families. Although gambling is illegal in mainland China, Macau is a gambling haven. 50% of Macau’s revenue is made up from gambling alone. In 2018 the city made almost $38 billion. 2.
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