💰 New (online casino) crackdown initiated by China

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Like several other major casino operators, it opened an office on the mainland to help with marketing and arranging trips. He last heard that his wife had been crying while in detention. Jeff Sikkema, who works at a logistics company in Shanghai, said his wife, Jiang Ling, was one of the Crown employees detained on Friday. Jiang for three hours about her work at Crown. The only information he received has been through his lawyer. For a while, Crown seemed to find its footing in China. Ads often focus on private villas and high-end dining, while forgoing mentions of invitation-only gambling rooms and high-stakes games of baccarat and roulette. Despite the Chinese restrictions on gambling, casino operators have long used creative methods to attract clients. Under President Xi Jinping, China has led a far-reaching campaign against corruption, and it has sought to restrict gambling severely, especially among Communist Party officials.

They catered to the whims of their most valuable customers, even providing chefs who could recreate obscure Chinese dishes. China casino crackdown the mainland, the authorities routinely target underground casinos and illegal lottery operations.

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Jiang, who is in her mids, was then taken to a police station. At Crown and other companies, senior executives also commonly made trips to China, often at the demand of wealthy clients. Sudhir Kale, a professor at Bond University who has consulted for Crown, said high-spending Chinese customers expect visits from top-ranking officials, not just their Chinese representatives. It sent executives to woo prospective clients and avoided mentioning gambling in much of its advertising. Over the last several years, the government has taken aim at the casino industry in Macau, the semiautonomous former Portuguese colony that is the only place where gambling is still legal in China. But now Crown is in crisis. The episode is reminiscent of a crackdown on South Korean casino chains last year. Nearly a third of the money came from its V. The Chinese government has not provided details about the accusations involving Crown. Gambling has been prohibited since the party came to power in , and it is illegal to directly promote gambling activities in mainland China. The Australian foreign affairs minister said that officials had been permitted to meet with two of the detained Australian employees of Crown and that they were seeking to meet with a third. The Chinese foreign affairs ministry confirmed on Monday that Australian citizens had been detained by police in Shanghai but provided no other details. In private meetings with clients, Crown offered perks like free accommodations and lines of credit. Prime Minister Malcolm Turnbull said he was concerned by the incident. Sikkema said he had not been allowed to speak with his wife since her detention. Authorities arrested more than a dozen low-level employees accused of luring Chinese tourists with free accommodations and prostitutes. But the detention of Mr. As details of the crackdown surfaced on Monday, shares of Crown sank, though they recovered somewhat on Tuesday.