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China's Bank In on It

The Chinese authorities have long warned that they are really looking to crack down on the illegal online casino gambling industry that is really strong and prevalent throughout China despite the attempted blocks and bans. China has a tight control over all of the information within the country and the large amount of information and activities that are available through the internet are not sitting well with the Chinese government. With the online casinos and internet betting spreading throughout the country Chinese authorities have announced content censorship and high-level filtering of the internet content is the country’s long-term plan.

As a part of blocking these illegal gaming sites the Chinese government also just announced that the banking system is now working with the government to block suspect transactions and also stop processing anything related to the illegal online casinos and betting sites. China plans to continue strongly purging any and all gambling sites related to internet gambling – this includes information sites, definitely the blatant online casinos and also the dozens and dozens of rapid sites that crop up over night and are able to rapidly offer remote and undetected gambling.

The Chinese internet gambling industry is worth billions if it were legalized, and even illegal estimations put the total a several billion yuan that are bet in particular. The online casinos are harder to pass by the censors, but remote betting is a huge industry and is much harder for the Chinese authorities to track and stop.