Statistics show that in 2013, China lost 74 Billion USD in offshore gambling, only America has lost more: a total of 119 Billion USD. This makes China’s the world’s second biggest loser.
The Economist magazine indicated that in the gambling industry was worth 440 Billion USD in 2013. Apart from Myanmar and other bordering nations, China’s gambling money mainly ended up in Korea’s Jeju Island.
Source: Wenxue City
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Keywords: Gambling Offshore China Loser
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There are also some pathetic Chinese wifes who lose all the salary that their foreign husband earn in ESL job in a year.
Dec 08, 2014 10:48 Report Abuse
Also some of these money are lost intentionally for money laundering purposes. The money that has been stolen from regular Chinese people needs to be legalized and easiest way to legalize it by losing cash in gambling then owner will give you share.Bingo!!
Dec 08, 2014 10:46 Report Abuse
Exactly right. The exercise is not about winning money but getting rid of money. Black money. Any dividends are then legitimate. It's a very big business. 24 hrs a day.....churn the money over. Turn a billion into 650 million.....WINNER!
Dec 08, 2014 20:05 Report Abuse
Macau is the gambling capital of the world. Something like 2.5 times Las Vegas' turnover.
Dec 08, 2014 20:00 Report Abuse
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