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What games can I play in China online casino?

There are many ways to store value in China. Some of these include: bank savings accounts, saving accounts at online banking services, mobile payments, Alipay, and more traditional ones such as United States dollars, gold, and silver.

Bank deposits in China are usually fixed rate savings accounts that offer a certain amount of interest per year. Depending on the bank, this interest rate can be between 0 and 2 percent. It is common for people to keep a portion of their money in these accounts, and to use the remainder to make large transactions.

Online banking is fairly new to most of the population, especially to the lower classes. While many are familiar with using online services for sending money to friends and family, few use them for keeping a savings account. As such, online banking is uncommon and usually only done by the rich or by businesses.

History of Gambling in China

Gambling has a long history in the country. However, it has only been in recent decades that gambling has become truly widespread in the country. Before the New World was discovered, keno and fixed racing were the two most popular forms of gambling in the colony, but once the gambler arrived, lotteries and then betting on the outcome of sporting events soon became popular.

Today, online gambling is the most popular and widespread type of gaming.

Though the government does not recognize it, many people participate in online gaming, both for fun and as a means to make money.

One of the major events in gambling history in the country was the Asian Games Lottery Scandal.

In this scandal, hundreds of thousands of lottery tickets were resold, resulting in a multi-billion- yuan loss for the government.

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Online Gambling Laws and Regulations in China

Online gambling are currently illegal in the country. Whether it becomes legal or not is very much up in the air, and could go either way.

The United States has made a number of diplomatic agreements with the government. If these become law, online gambling could be legalized, though that is by no means certain.

The other possibility is that the government will decide that the money made from online gambling should be funneled back into the country to help develop other areas.

Predictions About the Future of Online Gambling in China

Since gambling has come to the fore in recent years, it is predicted that it will become much more popular among all social strata in the country.

Though the government has cracked down severely on it, this has only encouraged the betting mania, as gamblers from all over the world now know they can get their money out of the country with almost no problems at all.

Further, the realization that organized crime has taken over as the prime money-maker for the government has caused a major shift in thinking about gambling. People are now much less concerned about the moral and legal aspects of gambling, and are much more concerned with making as much money as possible.

Losses no longer matter, and with little fear of legal repercussion, it is only a matter of time before all manner of gambling takes off in the country.

China Casinos FAQ

faq-question ❓Is land-based gambling allowed in China?❓
It is legal to bet on horse racing, and it is also legal to wager on dog fighting (and pit bulls) in some provinces. However, the government has taken a strong stance against online gambling.
faq-question ❓Is online gambling allowed in China?❓
Yes, but not through normal Internet. Casinos in the country have set up special servers in order to allow gambling online. This is due to the fact that if gambling was allowed through the regular Internet, the government would be able to monitor activity, and likely shut it down completely.
faq-question ❓What is the main online gambling authority in China?❓
The online gambling authority in the country is the National Internet Gaming Enterprise. The organization was formed in order to oversee online gambling within the country. The NIGE also formulates gambling laws, and has agreements with other gambling sites in regards to how their games must be run in order to appease the government, while still maintaining their own profitability.
faq-question ❓Is land-based gambling allowed in China?❓
It is legal to bet on horse racing, and it is also legal to wager on dog fighting (and pit bulls) in some provinces. However, the government has taken a strong stance against online gambling.
faq-question ❓Is online gambling allowed in China?❓
Yes, but not through normal Internet. Casinos in the country have set up special servers in order to allow gambling online. This is due to the fact that if gambling was allowed through the regular Internet, the government would be able to monitor activity, and likely shut it down completely.
faq-question ❓What are the online gambling laws in China?❓
Under the direction of the Chinese government, the NIGE has regulated online gambling in a manner that maintains its profitability to the public. The organization has made some attempts at making games less profitable and has cracked down on some forms of advertising, but it's obvious that this organization is not attempting to eliminate gambling. Instead, they are attempting to make it less profitable for site owners to be able to justify their losses and keep the public from losing too much money.
faq-question ❓What is online gambling age in China?❓
Anyone of age may wager online in the country. This would include not just individuals, but also legal entities such as businesses and even government entities. In order for these entities to place bets, they must have an employee that can gamble with a certain level of anonymity. This is because the government does not want to be bothered to monitor every business and entity that may place a bet, and prefers to deal with only the biggest offenders.
faq-question ❓Is it safe to play in online casinos China?❓
While the online casinos in the country are completely legitimate, there is always a possibility of something going wrong with them. This can be due to anything from software bugs, to a leak in the database, to someone hacking the website and modifying the database. However, the Chinese government has made it quite clear that they do not tolerate activities that could be used to undermine the country's economy and financial system, so they would probably take steps to shut these sites down immediately.
Ted

Author & Guarantor: Ted