China's Richest Man Bets Billion on Casino Gaming

In what is being billed as the single-largest investment in the history of casino gaming, China's richest man has agreed to pump billions of dollars into a new resort and casino development in the Philippines.

According to a report in the South China Morning Post, Wang Jianlin, who Forbes estimates is worth some $30 billion, has agreed to invest up to $10 billion in the project, which will be located on the island of Boracay.

The project is being spearheaded by Galaxy Entertainment Group, which Wang chairs. The company already operates casinos in Macau, one of the world's biggest gambling destinations.

Casino gaming is a relatively new phenomenon in the Philippines, with only a handful of legal casinos currently operating. The potential for growth is considerable, however, as neighboring countries such as Thailand and Vietnam have thriving casino industries.

The new Boracay development is expected to create some 20,000 jobs and attract millions of visitors each year. It is also hoped that the project will help stimulate tourism in the rest of the country.

Wang's investment comes at a time when casinos around Asia are seeing increased competition from regional players such as Japan and South Korea. In light of this competition, it is hoped that Wang's investment will give Galaxy Entertainment Group an edge over its rivals.

China's Online Casinos See Huge Surge in Gambling Traffic

Online casinos in China are reporting a surge in gambling traffic, as the country's growing middle class seeks new ways to gamble.

Industry insiders say that the Chinese government's strict controls on land-based casinos have driven many gamblers to online casinos instead. The increasing use of smartphones and other internet-enabled devices has also helped fuel the growth of online gambling in China.

Macau, the world's largest gambling hub, has been particularly hard hit by the growth of online casinos in China. According to data from Macau's Gaming Inspection and Coordination Bureau, casino revenue in the territory fell by more than 20% in 2017.

The Chinese government has recently taken steps to crack down on online gambling, but industry insiders say that the crackdown is unlikely to have a significant impact on traffic levels.

How to Play Fortunes of China Slot Game

The Fortunes of China slot game is a five-reel, nine-payline game that is available at most online casinos. This game is based on the Chinese culture and features symbols such as fans, pagodas, gold coins, and dragons. Players can bet one to nine coins on each of the nine paylines. The minimum bet is $0.09 and the maximum bet is $81.80.

To begin playing the Fortunes of China slot game, players first must decide how many coins they want to bet on each payline. Once they have decided, they then need to choose the amount of paylines they want to activate. To activate all nine paylines, players must bet nine coins. After that, players simply need to hit the spin button and watch as the reels spin around. If any of the winning combinations appear on the screen, then players will be paid out according to the payout schedule that is listed below.

The Fortunes of China slot game offers some great rewards for players who are lucky enough to score some winning combinations. The biggest payout in this game is awarded when players get five dragon symbols on an activated payline. This pays out 1,000 coins or 5,000 coins if players are betting max bet on all nine paylines. Other high paying symbols include the fan and pagoda which both pay out 250 coins for five symbols on an activated payline. The gold coin and dragon Eye both payout 100 coins for five symbols each.

Fortune of China Slotgaming Goes Global

As slotgaming becomes more and more popular in China, casino operators are looking to expand their operations overseas. The market for slotgaming is projected to be worth $24.3 billion by 2020, and with revenue from the industry reaching $10.9 billion last year, there's plenty of incentive for casino operators to try and get a piece of the action.

Macau has been a key target for casino operators looking to expand into the Chinese market, and while growth has slowed in recent years, there's still plenty of potential in the region. Las Vegas Sands (LVS) is among the casino operators that have been aggressively expanding in Macau, and the company's CEO recently stated that he expects the Macau market to rebound over the next few years.

In addition to Macau, other key regions for expansion include Taiwan and South Korea. While gambling is currently illegal in Taiwan, there's been a clear trend towards liberalization in recent years, and casino operators see this as a key growth market. South Korea is also seen as a potential growth market, with analysts projecting that the country's slotgaming industry will grow from around $2.5 billion this year to $4.5 billion by 2020.

For casino operators looking to capitalize on the growth of slotgaming in China, Mexico may also be worth considering. The Mexican market for slotgaming is expected to grow from $640 million this year to $1.1 billion by 2020, making it one of the largest markets in Latin America. Thanks to its proximity to China and its strong economy, Mexico is seen as a very attractive target for casino operators looking to expand their operations abroad.

Get a Chance to Win Huge Prizes Playing Fortunes of China

Do you love playing casino games? If so, then you'll want to check out Fortunes of China, an exciting new online casino game from Red Tiger Gaming. This game offers players the chance to win huge prizes, and it's easy to learn and play.

Fortunes of China is a five-reel slot game that features 20 pay lines. In order to win, you'll need to land matching symbols on adjacent reels. The game's symbols include traditional Chinese icons such as pandas, fans, and coins. The highest paying symbol is the gold dragon, which can award up to 2,000 times your bet amount.

Other special features in Fortunes of China include a wild symbol that can substitute for any other symbol to form winning combinations, and a free spins bonus round that can award up to 15 free spins. During the free spins round, all wins are tripled in value. Additionally, the progressive jackpot can be won at any time during the game.

If you're looking for an exciting new online casino game with the potential to win big prizes, then you should definitely give Fortunes of China a try. This game is available at leading online casinos such as Bet365 and 888 Casino. So what are you waiting for? Get started playing today!