Chinese online lottery 500.com has entered the nyc Stock market, and seems to be winning (Image: Wan Li/China day-to-day)
Investors in Chinese online lottery platform 500.com Ltd. are off to a happy begin to the New Year; within the six days since its New York Stock market birth, the value of the company has almost tripled from its initial public providing cost of $13.
Winning the Lottery Lottery
As the only Chinese lottery firm become placed in the United States, 500.com is one of just a handful of organizations set to take advantage of the Chinese government’s whittling down of thousands of private lottery operators, because they permit and regulate the industry to just a small number of organizations. Most of these will ultimately be vying for a prospective market of over 400 million lottery players in the country.
‘Over the next 5 years it’s very clear that the market that is chinese continue to grow quickly plus the federal government regulatory regime will become more open and transparent,’ explained 500.com’s Chief officer that is financial Pan.
China’s lottery market has taken off remarkably in recent years, many thanks to a rise in disposable income through the country, in addition to a nationwide appetite for gambling and advancements in gaming technology. As a result, Asia’s lottery spending reached $23 billion in 2012, while the U.S. the lottery market that is largest in the entire world was stil
Previous poker blogger Jay Newnum is stepping far from poker after receiving probation for stealing from a dealer’s tip container (Image: betraisefoldmovie.com)
When you are a poker blogger/reporter hired to cover a good-sized competition at a major land casino, probably building a move ahead the dealer’s tip package just isn’t your decision that is best ever. Apparently, not every person grasps that reality, now from the ‘what were you thinking’ files comes news that 41-year-old probably-not-anymore poker writer Jay Newnum has received probation for stealing almost $700 while covering a Foxwoods casino poker tourney on 16 of last year december.
One from Column A
The Fishers, Indiana writer apparently returned the stolen funds taken from the tip box apparently snatched up using chopsticks, a visual we find pretty amusing throughout a Mega Stack Challenge $600 No-Limit Texas Hold’em tournament held at the Mashantucket that is popular casino.
Newnum are going to be allowed to participate in something called ‘accelerated rehabilitation,’ an official state court system that will wipe his record clean if he makes it through the probation period without using chopsticks on anything but chow mein and moo goo gai pan. Newnum dodged a bullet with this particular sentencing, as a maximum could have been brought by this class B misdemeanor of six months in jail as well as up to $1,000 in punitive fines.