Largest Lottery Payout in History of China Worries Officials

The country of China has been back and forth in their stance concerning the lottery in the past 100 years, and at least one person is happy the country is currently running one. An unidentified man who lives in one of the poorest provinces in China picked up 20 tickets for the “Double Colour Ball”, on Tuesday. He later found out that he was the winner of $14 million. While most were glad for the man and his winnings, some were concerned over the potential for more crime and other…

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Knees Buckle on Wall Street as Macau Sees Steep Decline

On Monday morning, US Casino Industry investors may be shocked to learn that Macau, touted as the new gambling capital of the world, saw a 17% decrease in Chinese visitors last month due to tighter border policy restrictions by the Chinese government. According to reports, the neighboring province of Guangdong brought in heavier Visa restrictions in late May. The 17% drop is a surprise to Wall Street, which was expecting a drop of approximately 9%, which is typically the case as citizens observe a week-long national holiday during the month.…

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