Galaxy Considering Online Gambling

March 5, 2008

It is rumored that Galaxy Entertainment Group is entertaining the idea of moving into online gambling and legalizing it in Macau. The Macau Daily Times says that they are already making their move to make it so, and other sources are suggesting that there are very few steps left to take – that they have been working on this for some time.

It is not known for sure if they are or not, but according to Francis Lui, the Deputy Chairman of the Macau concession holder said that the company was aware of what a large opportunity this was for them and that they were truly interested in having it be a part of their future.

Supposedly they have already started a foundation with an internet café operator in China and are moving forward with the online gambling interest. As most forms of gambling are illegal in the Mainland, including online gambling, it will prove interesting to see where this goes from here.

Most Asian online casino players like to pay in person – they don’t feel that the internet is safe. Therefore, the café is the perfect way for them to purchase online credits and play online without the fear of giving out their information online.

There had been talk last week of other companies looking to make online gambling legal in the Mainland, but nothing so far has shown us that this is in fact the truth. Mr. Lui maintains that the online gambling market is going to open at any time, and that companies are going to want to be on the ground floor – just as Galaxy will be.



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