2014-03-13 07:27:54 - That is the billion dollar question. The answer is “A Lot Sooner Than Most Think”.
State run lotteries, with private companies acting as sales agents, have been legally operated in China for over 10 years.
In late 2013 China’s current operator of the state lottery – a government organization approved “public” betting on soccer and basketball. The prize pools for these are operated and payouts guaranteed by the government organization but private companies acting as agents of the government operator of the Sports Lottery have been authorized to accept bets from the public and receive a commission for the service.
It is widely expected that once there is a credible racecourses with regular horse racing in China, public betting on horse racing too will be included into China’s Sports Lottery system.
However, casino style gambling for the
general public is unlikely to be allowed in China any time soon as it could adversely affect Macau’s gambling franchise which is wholly dependent on gamblers from China.
This is precisely why the Royal Nanjing Group (RNG) is accelerating the development of its Racecourse Complex in Nanjing, People’s Republic of China.
RNG is currently in negotiations with several experienced turnkey developers to build its RNJC Racecourse Complex. The complex will accommodate up to 250,000 seated visitors making it the worlds largest.
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