AngelCiti Launches Second Chinese Casino
By philip
AngelCiti clearly feel that the Chinese gambling market is a ‘Sleeping Giant'. Last year they launched a Chinese language version of their SharkCasino.com, and have now announced that CasinoPayCheck.com is to follow suit. Despite China’s traditional fondness for games of chance, gambling is illegal in all provinces apart from Macau, which enjoys a degree of autonomy outside the mainland’s strict socialist economic system. In 2002, land-based casinos in Macao generated $2 billion in revenues, according to an AngelCiti statement.

AngelCiti CEO Wilson Lee has told Interfax Magazine that the company will be concentrating on markets where gambling is legal, however, China’s 68 million Internet users must be an alluring prospect. 'Given the immense size of the Chinese-speaking markets, and the Asian markets on the whole, we anticipate this strategic move will have a dramatic impact on our revenues for the remainder of 2003 and beyond,' Lee said.

It has been estimated that China will account for 53.1% of Asia's total overall number of Internet users, and additionally make up 51.2% of Asia's total Internet buyers by 2006.

 
 
 
 
 
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