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gta online casino heist 0 cutAs ESPN suggested in an article in May, the companies that come to dominate a future sports betting market may not be the ones traditionally associated with gambling in the US. (Image: Shutterstock)The news, which came a day after the Macau gaming regulator reported 18 consecutive monthly gains and more than 36 percent year on year growth, caused Macau casino stock to fall sharply.Galaxy Entertainment’s shares plummeted 7.7 percent on the Hong Stock exchange, while with Sands China and MGM China came tumbling after, dropping by 6.1 per cent and 6 per cent, respectively.Bloomberg, which broke the news, cited sources who said that a party reform group headed by President Xi Jinping is examining the feasibility of permitting online gambling, a lottery and sports betting in Hainan. Following that, the long-term establishment of a land-based casino industry is a very real possibility, the sources said.Containing Capital FlightCurrently the semi-autonomous enclave of Macau is the only place where casino gambling is illegal. online gambling human traffickingThe enclave does not license online gambling, and sports betting is still monopolized, with a limited number of outlets operated by Stanley Ho’s SJM Holdings.The only company licensed to operate any kind of online gambling in China is the Hong Kong Jockey Club in the autonomous territory of Hong Kong, which holds the government monopoly on lotteries, horse racing (parimutuel) and oversealocation of thunder valley casinos soccer games (fixed odds).China has long been concerned about the impact of capital flight on its economy and the creation of a new gambling hub over which it had complete autonomy, unlike Macau, would afford it more control over the flow of tourist cash.So where is Hainan?Hainan is China’s smallest and southernmost province, composed of a group of islands in the South China Sea of which Hainan Island is the largest. Calls for him to step down from his own company, à la Harvey Weinstein, have so far gone unheeded.e first dibs to their existing licensed operators, which means DFS would probably have to partner with land-based casinos within each individual state.But the competition for those partnerships is likely to be fierce. free online poker no login

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