Gaming

China has the world’s largest Internet population, with over 350 million broadband users and nearly 800 million mobile phone users. With the merging of Internet and mobile, e-commerce and gaming have taken on new channels that have driven the stock prices of Internet gaming and e-commerce companies to many times their PE ratio. With Macau amassing gambling revenues well exceeding those of Las Vegas for several years in a row, China and the Special Administration Region of Macau together represent the world’s largest gaming market in the form of gambling, video gaming, lotteries and e-commerce. 

IPO Pang has one of the most sophisticated gaming, Internet and e-commerce practices in Asia, with attorneys that are not only knowledgeable about gaming laws and regulations, but also have the unique experience of having served as a senior executive with the world’s largest online gaming company. Our practice consists of supporting some of the industry’s most current developments, such as sales and acquisitions, regulatory clearances and lobbying, financing and government approvals, tenders and bids. In Mainland China where outright gambling is not yet permitted, our attorneys and specialists have unique insights on sports and welfare lotteries, as well as the specific regulations, knowledge, contacts and government liaisons with relevant agencies to help our clients understand the extent to which the authorities will allow games of chance and games of skill on Mainland soil. The gambling sector is Macau, while on the Mainland, lottery and video/Internet gaming are booming. Opportunities abound, but competition is growing, which means there is no margin for error in providing solid but aggressive advice, particularly as the industry is so highly regulated. The IPO Pang team called on to support this area of practice is multidisciplinary, experienced with all aspects of gaming law and regulatory requirements, and knowledgeable of all facets of the foreign enterprise client’s business and industry.

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