JUE 28 DE MARZO DE 2024 - 07:09hs.
Only in Macau is allowed

China moves to expand gambling on Hainan island

China announced plans to expand gambling in Hainan in a bid to help its ailing southernmost province. The planned expansion will include the development of horse racing and of an instant and sports lottery. According to experts, the move could eventually lead to China opening the door to casino-style gambling in the island.

Gambling is generally banned in China with very few exceptions. Just two types of lotteries are allowed within the country’s borders under current laws. Horse racing is allowed to a limited extent, while the provision of sports betting services is strictly prohibited.

Macau is currently the only place in China where casino gambling is legal. The special administrative region has kept its casino monopoly for decades and has drawn some of the world’s largest casino companies, including Las Vegas Sands and MGM Resorts International. It is believed that if the Chinese government softens its stance on gambling and allows casinos in other parts of the country, including Hainan, Macau could suffer its hardest economic blow since its gaming industry was established.

According to a reform approved by China’s cabinet on Saturday, it will support different projects that could help Hainan’s tourism industry and economy, including the development of horse racing. The document further read that the province should explore lottery products such as instant lottery and sports lottery on major international games.

Bloomberg reported in February that the Chinese government was considering the legalization of several forms of gambling in Hainan. Citing sources familiar with the discussions, the news outlet said that online gambling, horse racing, and lottery were among the options mulled by the President Xi Jinping-led cabinet. Online gambling was not mentioned in the reform agenda published on Saturday.

Source: GMB / Casino News Daily