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China unveils new set of lottery guidelines

Latest Casino and Gambling News , Gaming Law & Legislation , Online gambling regulation , China , Lottery In an effort to crack down on the unauthorized sale of lottery tickets, authorities in mainland China have reportedly published updated rules designed to further clarify how players may legally enjoy games for the nation’s China Sports Lottery and China Welfare Lottery. According to a Tuesday report from GGRAsia , the new set of regulations from China’s Finance Ministry were unveiled on Monday after being endorsed by the Civil Affairs Ministry as well as the giant nation’s State General Administration of Sport and are set to become effective from the first day of October. Reportedly described as an ‘amendment’ to current directives, the latest instructions specifically prescribe as illegal the ‘online sales of [China] Welfare Lottery tickets and [China] Sports Lottery tickets without authorization’ while pointing out that the Finance Ministry has not changed its stance on such activities since instituting an all out ban in 2015. GGRAsia reported that the alterations, which have been designed to simplify the process of buying lottery tickets offline, further codify a prohibition against the issuing and selling of entry into overseas contests. The new rules furthermore make it clear that all retailers must have first received suitable authorizations from the State Council and the Finance Ministry before selling tickets into the China Sports Lottery and the China Welfare Lottery.

For the original version including any supplementary images or video, visit https://news.worldcasinodirectory.com/new-lottery-rules-published-in-china-58141

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Colts Neck Man Named In $1.3 Million Online Gambling 'Scheme'

Colts Neck Man Named In $1.3 Million Online Gambling Colts Neck Man Named In $1.3 Million Online Gambling 'Scheme' Joseph L. Picco of Colts Neck has been named as a defendant in a lawsuit filed Tuesday by the NJ Attorney General and Bureau of Securities. COLTS NECK, NJ — A Colts Neck man has been named as a defendant in a lawsuit filed Tuesday by the state of New Jersey Bureau of Securities against an Old Bridge man, who they say bilked investors out of more than $1.3 million in a fraudulent online gambling scheme. In a complaint filed in New Jersey Superior Court, New Jersey Attorney General Gurbir Grewal alleges that Sandy J. Masselli, Jr., of Old Bridge, told investors that the money they invested in his Carlyle Gaming & Entertainment Ltd, and its successor company, Carlyle Entertainment, Ltd. (collectively the "Carlyle Companies") would be used for proper corporate purposes. However, according to the complaint, Masselli, used more than $1.3 million of the investor funds for the personal benefit of himself and his family, including his wife Charlene T. Masselli, a.k.a. Charlene Dunn, who is named as a nominal defendant in the Bureau's complaint. The complaint also names Masselli's business associate Joseph L. Picco of Colts Neck as a defendant.

For the original version including any supplementary images or video, visit https://patch.com/new-jersey/marlboro-coltsneck/colts-neck-man-named-1-3-million-online-gambling-scheme

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