More Short-Term Downturn for Poker in China – Flushdraw

15th September 2018 // Industry, Legal News, Misc, News

It’s been a week of setbacks for all things poker in the region under China’s general influence. First, Tencent has announced the formal discontinuation of all of its Texas Hold’em poker apps, a move in compliance with a Chinese government ban of the company’s titles that will see that division of Tencent’s business largely wrapped up as of September 25th.

Then, in a move that’s separate from Tencent’s difficulties yet still related to the poker-targeted clampdown by China, officials of the Asian Poker Tour (APT) have announced the second straight cancellation of an event in Macau, in this case transferring it to a venue in the Philippines.

Tencent’s Poker Exodus

Tencent’s decision to pull the plug on its poker-app business comes in the wake of a ban by Chinese regulators of another of its poker offerings, “Everyday Texas Hold’em”, for largely the same reasons that many of the company’s other poker apps ran afoul of the Chinese authorities in May. As before, the Everyday Texas Hold’em app is nominally a free-to-play game — coin packages can be purchased — but the entire game can serve as proxy for offline, underground-gambling exchanges of real funds.

Also, in a repeat of the earlier situation, recruitment into the underground gambling rings utilizing the poker app has been conducted via the popular WeChat service, which is also a Tencent product. In this case, two plus two equals zero, as Tencent seems unable to find a way to produce and market a poker app that can generate revenue (via the sale of those coin packages), without also enabling the activities of the underground poker rings.

Tencent’s shares have dropped another 2% in the wake of this latest crackdown, though to be honest about it, the company’s

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