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Galaxy Gearing up for Possible Chinese Online Gambling Legalization |
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Tuesday, March 11, 2008 |
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A Macau newspaper has quoted the deputy chairman for Galaxy Entertainment Group as saying that the Chinese government may eventually legalize online gambling on the country’s mainland. Francis Lui said that “Galaxy is very excited about his business opportunity” and went on to say that the company has even entered into an agreement with an internet café operator in China to prepare for the day when the law changes. In the article that appeared in the Macau Daily Times, Lui explained the situation in more details: “Most forms of gaming continue to remain outlawed in the mainland including online betting, although the Chinese propensity for gaming could eventually see a change in position from the Government. There is undoubtedly a latent demand for online gambling and, in time, the market could open up to a limited number of operators located in China.”
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