Bet365 China

Bet365 China – Bet365 has defended its operations in China, arguing that it has the right to operate the site in the tightly controlled gambling market.

Bet365 denied threatening any Chinese with prison. The revelation comes after industry experts have long pondered the secret of Bet365’s success.

Bet365 China

Bet365 China

Bet365 posted record sales of almost £3bn last month but has refused to disclose the geographical breakdown of its operations as it is “seriously detrimental to the interests of the group”.

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Founder Denise Coates, who launched Bet365 from a cottage overlooking her father’s betting shop, took home more than £320m in salary and dividends, making her one of the world’s highest-paid business executives.

Found Bet365 is the only UK brand that offers online services in Chinese and accepts bets in Yuan.

With the exception of the two national lotteries and betting in Macau, the practice of gambling has long been considered illegal, with long prison sentences for those found guilty. However, online betting is still discussed without a specific legal definition of internet gambling.

A spokesman for Bet365 said: “The Criminal Code does not apply unless gambling is part of a person’s occupation and the original claim that those caught gambling could be jailed for up to three years is invalid and unfounded.

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“Bet365 is legal and licensed to operate in multiple jurisdictions. No law specifically prohibits offshore operators from providing remote gambling to China. Bet365 and its attorneys believe that Chinese law does not apply to services provided by offshore gambling operators and service providers in China.

The spokesperson continued: “Bet365 has no people, assets or infrastructure in China, and China does not use agents, collectors or brokers for any purpose.”

“This is a company that has been accused time and time again of preying on vulnerable people in the UK,” he said. “Bet365 needs to be looked at more widely by the Gambling Commission.”

Bet365 China

A spokesman for the Gambling Commission said: “The Commission asks operators why they believe it is not illegal to offer gambling services, either because they are licensed in that jurisdiction or because they have satisfied themselves that it is not illegal for them to offer gambling services..

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When companies rely on legal advice as part of responsible due diligence, we expect companies to tell us who advised them.

“At the end of the day, the licensee has to make sure they’re operating legally, and if they didn’t, that would call into question their suitability from the commission.” England Women face China in the Women’s World Cup on Tuesday afternoon. must strive to advance to the playoffs.

England Women are 1/2 today, while China Women are 11/2 for an unlikely win and just 16/5 for a draw.

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The Lionesses are decent favorites and don’t look like squandering the advantage they have at the top of their group, with a good chance of making the playoffs before kick-off.

England are yet to win by a margin, beating both opponents Haiti and Denmark just 1-0, but the record flatters the opposition and as the squad rotates heading into the final group stage, there may be a few players looking to get out. most of your options.

China have a decent record against England, winning three, drawing once and losing just one, but the Lions have taken a huge step forward in the last couple of years.

Bet365 China

Stanway has scored one of England’s two goals so far in this competition and will have to think twice as he is a shot receiver.

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England will be dominant as always and this will give a lot of chances on the pitch which could lead to a second penalty being awarded.

It helps the speed of the forwards, the likes of Lauren James and Alessia Russo can get into those dangerous spots and if it doesn’t work they can play it waiting to find a way inside.

Stanway is also available in this capacity in open play and should score more than one goal in this match as England look more clinical and put the game away.

In this regard, a bet on a game ending with more than a certain number of goals seems like a good option, especially since China is desperate to get ahead in a game that could knock them out of the competition.

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As a result, the game may be more open than in previous games, with China looking to counter-attack and maintain high pressure, allowing England to take full advantage.

Or if it works for China, they score and England look to equalize or go behind, end to end.

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Bet365 China

If you need help with gambling, call the National Gambling Helpline on 0808 8020 133 or visit www.gamstop.co.uk to avoid accessing UK regulated gambling sites. Denise Coates, the founder and director of the gambling company Bet365, who brought home more than a third of the totalizator’s annual profit with a record salary. Photo: Felix Clay/The Guardian

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Another interesting line in Bet365’s accounts – apart from the news of Denise Coates’ £220m salary and £45m dividend – was: “The geographical breakdown of turnover has not been disclosed as the directors believe that such disclosure would seriously damage the business. In the interests of the group.

Strong prejudices? Why? Almost every publicly traded gambling company provides a revenue breakdown and does so for a reason. In an industry where regulation is one of the biggest risks, shareholders want to know how much of online betting comes from the fully regulated market, how much power comes from the regulated “grey” market and whether money comes from the unregulated market. areas.

As a private company, Bet365 does not have the same pressure to disclose information. But as a company that flaunts its responsible credentials, you’d think it could shed some light on its operations, if only to dispel suggestions that Chinese players are heavy users of Bet365. Betting is illegal in China, except in highly controlled environments, and people face jail time for betting online.

When investigated by The Guardian in 2014, Bet365 said: “According to Bet365 and its lawyers, Chinese law does not apply to services provided in China by gambling operators and service providers who themselves have no connection to that region. Therefore, any claims of illegality by Bet365 are false.

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Fair enough, but does that mean you accept bets from China or not? The company did not respond when asked again by email on Wednesday.

Coates’ personal compensation of £265 million last year can be called obscene, especially when teenagers in the UK are worried about gambling addiction. Alternatively, it could just be seen as a function of his 50% stake in the company, which last year made an operating profit of £660m.

But from a political perspective, as a high-profile industry billionaire, Coates could do everyone a favor by making it clear where Bet365 makes its money. The UK end is clearly regulated and very successful. Tell us about the other parts.

Bet365 China

Babcock International did better last time than last time. The bad parts of the half-year numbers were predictable or easily explained in various ways. The £120 million provision mainly related to write-downs of helicopters used to transport North Sea oil and gas workers; The looming £250 million cut in revenue from decommissioning the Magnox nuclear reactors is the result of contract restructuring.

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In the core defense business, which is at the center of attention, the figures looked quite stable. Meanwhile, the group’s free cash flow improved, with net debt down 12% year-on-year to £1.13bn. Skeptics might say that September’s figures say nothing about the current relationship with the Ministry of Defence. Is the MoD concerned about cost overruns in overhauling Britain’s flagship nuclear submarine, HMS Vanguard? Has Babcock failed his biggest customer? Will it come under further scrutiny?

The company’s CEO, Archie Bethel, has (understandably) not been allowed to say a word about the progress in rebuilding the nuclear weapons for security reasons. But Babcock was able to report new orders of £650m

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