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"we expect the anti-gambling crackdown. To eliminate 20% to 70% of live streaming revenue, depending on each platform's exposure," charlie chai, an analyst at 86research, said. For decades, most forms of gambling have been officially illegal under chinese law. However, despite the general prohibition on gambling, some “games of luck” are permitted in china. China reaffirms crackdown stance on cross-gambling crimes. China foreign ministry spokesperson wang wenbin reiterated the mainland’s stance warning those suspected of cross-border gambling crimes to turn themselves in or face harsh punishment. The crackdown appears to be targeted both at those operating online gambling sites and at junket operators, with liao warning that anyone involved in “gambling, online gambling, or providing funds and technical support for gambling activities” are in violation of china’s criminal law. Stocks in us casino companies that operate in macao — the only place where gambling is legal in china — crashed in response to the news. China’s crackdown on u It is important for the gambler to first decide how much money they could afford to put at stake, china crackdown on gambling.
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