国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Horse betting, a potential business in China?

By Li Xiang in Paris (China Daily) Updated: 2014-02-14 02:37

Horse betting, a potential business in China? 

An international horse-racing festival takes place in Wuhan, Hubei province. Rumors of China’s lifting a ban on horse-race betting have been circulating, and investors already are putting money into constructing training facilities in big cities such as Beijing and Tianjian.[Photo by Ke Hao/Xinhua]

While gambling remains illegal on the Chinese mainland, Europe's largest horse-race betting operator PMU is keeping a close eye on China's emerging equestrian industry, hoping to gain first-mover advantage once there is any sign of the ban being lifted.

Horse betting, a potential business in China?

China rides a new passion 

Horse betting, a potential business in China?

Growing demand spurs greater horseplay 

Horse betting, a potential business in China?

Wanted: Cowboys in China

The recent growing interest in equestrian sports in China has prompted Philippe Germond, chief executive of the Paris-based betting operator, to frequently travel to various Chinese cities to promote the French business model of horse-race betting in a market he believes could be worth 100 billion euros annually ($136 billion) if legalized.

"If at some point in the future the Chinese government decides to legalize the betting on horse races, we can offer the French business model that may fit the expectations of the Chinese government," Germond told China Daily in a recent interview.

In France, about 80 percent of the funding of the horse-racing industry comes from betting revenue. The entire net profit of PMU goes to the financing of the French horse- racing industry, including breeding, training and organizing races, said Germond.

Meanwhile, PMU, while being a private company, is managed by a committee consisting of members of the French Ministry of Agriculture and the Ministry of Economy and Finance, which means that the business is highly controlled and regulated by the state, Germond said.

PMU is also willing to transfer to China its system of communication and information technology that manages and monitors 12,000 betting outlets across France in real time and processes billions of transactions on a yearly basis.

"What we are trying to demonstrate is that horse-race betting can be operated in a way that is highly controlled by the government with strong IT technology to ensure there is no cheating or manipulation of the races," he said.

Rumors of China lifting the ban on horse-race betting have long been circulating. Local and foreign investors have already placed their bets by investing in the construction of racetracks, breeding horses and training facilities in cities including Beijing, Shanghai, Tianjin and Wuhan, the capital of Hubei province.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
保定市| 平潭县| 高青县| 田林县| 三亚市| 南丰县| 满洲里市| 外汇| 青神县| 邹城市| 东宁县| 灵武市| 资源县| 西乌珠穆沁旗| 栖霞市| SHOW| 平南县| 平顺县| 阳西县| 辽阳市| 阆中市| 尚志市| 玉林市| 黄骅市| 凌云县| 昭苏县| 如皋市| 措美县| 库伦旗| 黄石市| 澄城县| 盐山县| 东阳市| 徐闻县| 峨边| 太谷县| 鄢陵县| 安顺市| 河北区| 长春市| 永康市|