China May Beat US to Online Gambling Regulation

Say it isn't so but China may soon be licensing online gambling operators. 

The high growth market of China may soon begin to license regulated online gambling, according to a report in the Macau Daily Times newspaper.

Galaxy Entertainment Group is understood to be making moves to capitalise on an eventual legalising of internet gaming in mainland China.

The Macau Daily cited Galaxy's deputy director Francis Lui as stating: "Galaxy is very excited by this business opportunity...and we have established a foundation through an agreement with an internet cafe operator in China."

Most forms of gaming - including online betting - remain illegal in mainland China, but Lui suggested the Chinese propensity for gaming could eventually merit a change in position from the government.

Online gambling is a billion dollar industry.

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Gambling911.com News Wire

Originally published March 11, 2008 10:50 am EST