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Losers and Winners of Online Gambling in China

Innumerable standard Chinese people, driven by avidity and ignorance, have fallen into online gambling like the moths flying towards the fire.

Chinese handset maker Gionee was forced into bankruptcy liquidation, in 2018. The main cause was that Liu Lirong, the owner of Gionee, gambled and lost more than 1 billion Chinese yuan in Saipan Island, leading to a shortage of operating capital and final bankruptcy.

Conventional Confucianism holds that gambling means rapacity and depravity. Many Chinese literary works and academic studies have described in a particular way Chinese gamblers and many people believe that Chinese people are fond of gambling.

Ahead of the boom of online gambling in many countries, China’s neighbouring countries once set up casinos in border areas with China to entice Chinese tourists and gamblers. Criminal cases that are relevant to gambling caused a lot of trouble for the Chinese government. Casinos in many border areas had been shut down, under pressure from the Chinese government.

The story has been changed by the by the ascent of online gambling. . Gaming companies have been able to spread their limbs into every corner of China with the abetment of internet.

All of the Chinese employees can speak Chinese and most of the customers they serve are Chinese citizens, this is the root cause why the gaming companies in the Philippines recruit a large number of Chinese employees.

Source: https://europeangaming.eu/portal/latest-news/2019/08/19/52561/losers-and-winners-of-online-gambling-in-china/

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Seema Waqar

Seema Waqar

This is Seema Waqar, I have done Masters in English and I love to do projects which includes and improves my writing and spoken skills. I also love to read good books that improve my spoken skills and also watch Hollywood movies. I am hard working and well committed person and I love to do my work with great responsibility, so, I hope to have a good relationship with my clients.

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