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It came just one week after Chinese state media announced a ban on just the kind of play-money social poker and chess apps Boyaa provided. z casino hotel Gateway DrugThree executives of Ourgame — another Hong Kong-based social poker company, which acquired the World Poker Tour in 2015 — were also arrested around the same time. Ourgame had responded defiantly — and perhaps rashly — to the announcement of the crackdown last May. [Social poker] not only plays an important role in the creation of social, cultural and economic values, it also acts as a bridge between China and the world’s intellectual sports,” it said. “Ourgame will continue to introduce and hold more top-level intellectual sports everesorts casino long islandnts and promote the global spread of chess and card culture. ”Beijing’s beef with social poker apps appears to be that they can be used as a recruitment tool for illegal underground games, and that players were using them to gamble online for real money by using the play money chips as markers before settling up in real cash. sycuan casino yapsody Poker Boom PostponedSouth East Asia had been experiencing something of a tournament poker boom until the crackdown arrested its development.
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Tournament fields in Macau and Manila were bustling, fed by enthusiastic players from mainland China who had qualified through play-money apps like Boyaa’s. Boyaa’s stock plummeted 12 percent in the wake of the ban. Morongo Casino Smoking Policy Spmc As owner of the Boyaa Poker Tour (BPT), its business model relied heavily on using its play money poker app in China as a feeder for live tournaments. golden palace casino mechelen z poker The BPT website shows it has yet to hold a single event in 2018. Boyaa recently reported its Q2 earnings fell 34. draftkings casino promo code 2020 Big Fish Casino New Phone Awbd 4 percent, largely due to “the effect of regulatory risk regarding the market rumor of the implementation of the ‘Administrative Measures of Online Chess and Card Games. ’”It has also said that there was “insufficient legal basis” to support the charges against its CEO, according to its legal counsel.
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