XcelMobility Inc (XCLL)

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China Life July 31, 2018

Asia:

Asia is adapting to modern gambling more and more. China is rapidly getting a taste for gambling. In fact, the country of Mao has 200 million players and the China Welfare Lottery gaming group has grown by 20% annually since 2009 and has more than 200,000 points of sale. For comparison, the French games has 34,000 points of sale. A sector that, in a country where the standard of living remains modest, does not experience the crisis since it is very lucrative for people in precarious situations. Especially for the lottery, since the Chinese bring a certain importance (the 6 and the 8 are supposed to bring happiness).

China

The Chinese are passionate about games, like the game of Go, the Mah Jong, which are practised around the world. Network games and gambling are attracting more and more Chinese people. Since the return of Macao in 1999, the island is the only place in China where gambling is tolerated (thanks to an independent administrative status). Chinese people are playing more and more online, internet cafes are multiplying to provide access to online casino sites available on the internet in increasing numbers.

Japan

Japan, the country of pachinko (halfway between pinball and slot machine) has one of the most flexible legislation in Asia for betting and gambling. This position has existed since the Meiji era (1868-1912), but has some exceptions. Gambling (such as roulette, blackjack or poker) is prohibited by the Japanese Penal Code, but sports betting and lotteries are allowed. But only half of the winnings go to the winners, the other half being donated to charities.