The New York Times reports that on June 26, three foreign workers from Crown Resorts, an Australia-based hotel and casino operator, were sentenced by a Shanghai court for less than a year in jail for violating gambling promotion regulations in China. Thirteen other employees, one Malaysian and 12 Chinese, received similar sentences.
In October 2016, the Chinese authorities detained a total of 18 employees from Crown Resorts in the midst of a crackdown on gambling that was in part triggered by the government’s far-reaching campaign against corruption. Although Crown Resorts doesn’t own casinos based in mainland China, where gambling is illegal, it opened an office on the mainland to help with marketing and arranged trips for Chinese wealthy players to visit its casinos in other regions, including Macau, a special administrative region under Beijing’s rule known for its plethora of casinos. Jason O’Connor, one of the three Australian employees sentenced to prison, was a high-level executive from Crown who oversaw the company’s efforts to lure Chinese gamblers.
- Audit report reveals China’s economic fault lines / SCMP
“An official audit report published on Friday said that 18 of the 20 state-owned firms that were audited have in recent years inflated their revenues by more than 200 billion yuan (US$29 billion) and boosted their profits by 20 billion yuan with faked business and manipulated books.”
- China broadens bribery crackdown to technology firms, says report / SCMP
- Contenders vie to take up mantle of Chinese central bank reforms / Financial Times (paywall)
- Can China and the internet save American business? / MIT Technology Review
- China’s Tencent scores with world’s top-earning video game / Financial Times (paywall)
- China shows off new generation of high-speed train / Caixin