Casino In Hainan Island

Casino in hainan islands
  1. Hainan Island Incident
  2. Hainan Island Hotels
  3. Casino In Hainan Island China

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Paradisiacal Chinese island of Hainan may become a new hub for land-based casinos, as government agencies, reportedly, are considering allowing online betting and other gambling on the island. The move would likely have a significant impact on Asia’s gaming markets, especially Macau, which draws a large amount of mainland Chinese tourists yearly. China Said to Consider Legal Gambling on Hainan. SHARE THIS ARTICLE. China is drafting a proposal to allow gambling on Hainan Island, people familiar with the talks said, in what would be an unprecedented move that could reshape gaming in China’s territories and transform the economy of a. The State Council encouraged Hainan to 'explore a betting-type sports lottery' in 2009 guidelines to turn it into an international tourism island. A casino bar with baccarat tables opened in the. Browse our selection of 3 Casino hotels & resorts in Sanya for the ultimate stay & play vacation. Make your casino vacation a sure bet with Expedia and save your money & time.

Across the Pacific, China is preparing a proposal to allow casino gambling in Hainan Island. This move, if passed, will change the landscape of gambling in China and its territories. There is also a proposal to allow online gaming, lotteries, and sports betting in Hainan. All this is being kept under wraps, as it is only in the initial stages of planning. Sports betting is a huge market. Learning what is a bookie pay per head could be one of the top things to do, to capture a larger Asian market.
In the present, there is a ban on casinos and gambling in general in mainland China. Those who wish to get into gambling travel to Macau and Hong Kong.

Casino: Part of A Bigger Plan

Hainan Island Incident

The plans on allowing gambling in Hainan is but a small part in developing the island. There are also rumors on more relaxed visa policies. Plus the construction of a new airport to attract more foreign tourists in Hainan. Hainan is currently facing a fiscal deficit. This comes along with the issue of the decreasing number of visitors in Macau.
All these issues will hinge on China’s policies on the legalization of gambling in Hainan. Hainan, for those who are not familiar, is around as big as Switzerland. It is popular for its beautiful beaches. It is also called the Hawaii of China because of this.
Hainan is also the entry point for Chinese air force and naval patrols in the South China Sea. This is a very crucial geopolitical position in the region.

Gambling in China

Since these plans are only starting, it may be a while before we can see physical casinos built in the area. This topic is very important in the scheme of China’s look towards gambling. If promoted, we will see a huge threat loom over Macau’s gambling industry. Macau currently earns 5 times more than Las Vegas. To capture even a piece of the pie of Macau’s gambling industry will be huge in Asian gambling markets. The potential for online gaming and sportsbook operations will be a huge attraction. It will also be a great way for China, and Asia, to generate revenues from a very profitable casino industry.
China hainan island

Hainan Island Hotels

Since we are talking about Asian sports betting as well, there have been some inquiries on resources in sports betting in Korea. For those who are asking, there is a lot of action in a few korean sports, one of which is if you like to 농구에 내기, which is basketball – their national team is doing well in international tournaments.
China mulls legalization of casinos in island paradise

Paradisiacal Chinese island of Hainan may become a new hub for land-based casinos, as government agencies, reportedly, are considering allowing online betting and other gambling on the island.

The move would likely have a significant impact on Asia’s gaming markets, especially Macau, which draws a large amount of mainland Chinese tourists yearly.

Macau’s casino stocks tumbled over the news, with Sands China and MGM Holdings dropping 6 percent and Wynn Macau falling 6.7 percent.

Casino In Hainan Island China

Although analysts were quick to play down the potential risks to Macau, and brokerage firm Bernstein suggested caution against “reading too much into the headlines,” adding: “Based on the news report, the preliminary proposals are in very early stages and have not been fully rationalized.

The proposal seems to be focused on potential legalization of “online gaming, lottery or sports betting,” and there is no indication that these preliminary proposals are pushing for the legalization of casino gambling. Nonetheless, the proposals are part of a broad series of plans looking at ways to increase foreign tourism.

“Legalization of casinos in Hainan would not be a key driver for foreign tourism, in our view,” wrote Bernstein also commenting that the possibility of casino legalization in Hainan have been brought up a few times in the past, including 2010, 2013 and January 2016.

“While any casino legalization on Hainan would create problems for Macau, we do not see casino development in China as a real threat to Macau now or in the foreseeable future,” concluded Bernstein. (E-02.06.18)