Connect with us
NSoft

Latest News

Lottery corruption scandal erupts in China

Published

on

Lottery-scandal-erupts-in-China Lottery corruption scandal erupts in ChinaReading Time: 1 minute

An alleged lottery corruption scam is snowballing into a big social media controversy in China. The main allegation is that RMB136 billion (US$19.5 billion) has been eaten up by corrupt lottery administrators.

It must be remembered that there has been “temporary” ban on online lottery in China for several year.

The latest controversy revolves around the accusation that it is almost impossible for ordinary lottery punters to win a major prize. Following the allegation, four former senior Welfare Lottery officials, led by disgraced former Welfare Lottery director Wang Suying, admitted that there was systemic corruption in the sector.

Government officially rejected the quantum of corruption. But its lack of transparency is making the matters only worse. The government refused to provide the details of losses on grounds that it would be inconvenient.

Publically available figures date back to 2012 and are contained in a National Audit Office report in 2015, which disclosed that corrupt lottery officials had stolen or misused almost RMB17 billion between January 2012 and October 2014.

Part of those losses was in the online sector, where administrators allegedly failed to officially report all online sales, pocketing the balance and triggering the long-running “temporary” suspension of online sales by the government which remains in force at present – three years on.

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Robert Andersson new CEO of Net Gaming

Published

on

2-10 Robert Andersson new CEO of Net Gaming  The Board of Net Gaming Europe AB has appointed Robert Andersson as new President and CEO with immediate effect. The purpose of the change is to create better conditions for Net Gaming to return to growth while maintaining profitability and generate shareholder value in the short and long term. Marcus Teilman leaves his position […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Robert Andersson new CEO of Net Gaming

Continue Reading

Latest News

Elizabeth Cutri Joins Stats Perform As General Counsel

Published

on

Elizabeth-Cutri Elizabeth Cutri Joins Stats Perform As General Counsel  Stats Perform, the revolutionary leader in sports AI and data, announced the hire of Elizabeth Cutri as General Counsel. In her role, Cutri will lead the company’s legal team across all commercial and operational activities, including contracting and the creation of valuable IP, as Stats Perform continues its investment in AI-related technologies. “We are […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Elizabeth Cutri Joins Stats Perform As General Counsel

Continue Reading

Latest News

The online gambling market is predicted to reach USD 87. 75 billion by 2024, registering a CAGR of 8. 77%, during the forecast period (2019 – 2024).

Published

on

global-gambling-1 The online gambling market is predicted to reach USD 87. 75 billion by 2024, registering a CAGR of 8. 77%, during the forecast period (2019 – 2024).  Reportlinker.com announces the release of the report “Online Gambling Market – Growth, Trends and Forecast (2019 – 2024)” Artificial intelligence, Chabot, and machine learning have taken over the market. The rise in the number of female population in casinos and convenience of cashless mode of payment during the gaming are likely to boost the […]
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: The online gambling market is predicted to reach USD 87. 75 billion by 2024, registering a CAGR of 8. 77%, during the forecast period (2019 – 2024).

Continue Reading

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.