Galaxy Entertainment moves towards online gambling

29 Feb 2008

MACAO -- As reported by the Macau Daily Times: "Galaxy Entertainment Group is making moves to capitalise on an eventual legalising of internet gaming in the Mainland, said the deputy director this week.

"Speaking at the Asian i-Gaming conference at the Venetian Macao, Francis Lui, deputy chairman of the Macau gaming concession holder said the company was already making moves to capture the potentially huge business opportunity . Galaxy is very excited by this business opportunity [online gaming in the Mainland] and we have established a foundation through an agreement with an internet cafe operator in China , he said.

"Online betters in Asia are used to paying in person rather than through the internet. Internet cafes provide a convenient location for gaming sites to sell online credits.

"...Most forms of gaming continue to remain outlawed in the Mainland, including online betting. Although the Chinese propensity for gaming could eventually see a change in position from the government, suggested Mr Lui.

"There is undoubtedly a latent demand for online gambling and in time the market could open up to a limited number of operators located in China, said Mr Lui..."

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	Galaxy Entertainment moves towards online gambling 29 Feb 2008 MACAO -- As reported by the Macau Daily Times: "Galaxy Entertainment Group is making moves to capitalise on an eventual legalising of internet gaming in the Mainland, said the deputy director this week. "Speaking at the Asian i-Gaming conference at the Venetian Macao, Francis Lui, deputy chairman of the Macau gaming concession holder said the company was already making moves to capture the potentially huge business opportunity . Galaxy is very excited by this business opportunity [online gaming in the Mainland] and we have established a foundation through an agreement with an internet cafe operator in China , he said. "Online betters in Asia are used to paying in person rather than through the internet. Internet cafes provide a convenient location for gaming sites to sell online credits. "...Most forms of gaming continue to remain outlawed in the Mainland, including online betting. Although the Chinese propensity for gaming could eventually see a change in position from the government, suggested Mr Lui. "There is undoubtedly a latent demand for online gambling and in time the market could open up to a limited number of operators located in China, said Mr Lui..."