日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
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
...
...
主站蜘蛛池模板: 亚洲激情欧美激情 | 91在线小视频| 亚洲欧洲在线观看 | 手机看av片 | 亚洲午夜伦理 | 精品久久三级 | 国产一级片免费在线观看 | 黄色在线免费观看网站 | 国产粉嫩 | 一级特级毛片 | 美国一级片在线观看 | 午夜精品国产精品大乳美女 | 深夜在线视频 | 日韩综合一区二区三区 | 99免费在线观看 | 日韩三级av | 91久久国产综合久久91精品网站 | 欧美激情bbw| 中文字幕在线观看不卡 | 日韩在线第一 | 天天摸天天操 | 色婷婷影视 | 国产91在线高潮白浆在线观看 | 日韩av中文 | 国产亚洲天堂 | 亚洲图片一区二区 | 大地资源高清播放在线观看 | 狠狠操天天操 | 国产精品美女一区二区三区 | 亚洲一区在线免费观看 | 人人草人人射 | 卡一卡二av | 国产天天操 | 手机看片1024日韩 | 久久av一区二区三区 | 日韩av免费网站 | 欧美日韩精品久久久免费观看 | 亚洲激情一区二区三区 | 高清一区二区 | 亚洲在线视频免费观看 | 人人澡人人插 |