The online gaming business is progressively moving into markets around the world, changing the model of the gambling industry as many consumers turn to the Internet to bet on sports, gamble on slots or play cards.
Though retail as a whole is no longer considered an emerging sector in China, some of the sector’s sub-markets and business formats are just developing and receive strong support from the government, including funding, grants, and preferential policies. Foreign companies may find lucrative investment opportunities in these areas.
Despite the sharp drop in revenue in mainland China, experts remain positive towards the growth of the local casino industry this year. Earlier this year, gaming income across the country dropped sharply due to the nationwide alert against corruption by the Chinese government.