PACT Director Delivers Speech on China’s Welfare and Sports Lottery Industry at China’s 5th Annual International Conference on Gaming Industry and Public Welfare
a leading provider of e-commerce and gaming technology in
today that its director Mr.
the 5th International Conference and Forum on Gaming Industry and Public
Welfare 2008. In addition, PacificNet CEO
other key executives attended the event. Mr. Su, a well-known expert and
researcher in
guidance and suggestions on
government policy making. Mr. Su’s conference speech covered key topics
including: challenges and opportunities facing the gaming industry in
gaming & tourism industries and their impacts on the economic development and
public welfare in various regions in
of negative social impacts of the gaming industry, and prevention of addictive
or pathological gambling behavior, as well as a brief discussion on
government regulations on lottery industry and a suggestion on the
establishment of legal system with the concept of “Harmonious Society”.
The 5th International Conference and Forum on Gaming Industry and Public
Welfare was held in
by China Center for Lottery Studies (CCLS) at Peking University, Macao
Polytechnic Institute, Institute for Tourism Studies, and Macao Tourism and
Casino Career Center. Committed to foster a healthy development of the gaming
industry in
this annual conference provides a platform for communication, exchange and
debate on issues facing policy makers, operators, as well as scholars in the
industry. The organizers are particularly keen to provoke high quality
research in gaming and in the gaming industry. Theme of this year’s conference
is “Global Trend of Recreation and Gaming Industry”. Conference speakers
include:
-- Mr. Jia Kang, Director, Institute of Finance, Ministry of Finance
-- Mr. Ding Feng, Director, Legislative Affairs Office of the State
Council P.R. China
-- Mr. Wang Zhenyao, Director, Office for Charity Coordination and
Promotion, Ministry of Civil Affairs
-- Mr. Wei Jixiang, Deputy Director, National Sports Lottery Association
-- Professor Shen Mingming, Director, and Dr. Wang Xuehong, China Centre
for Lottery Studies (CCLS) Peking University
-- Professor William Eadington, Professor of Economics and Director of
the Institute for the Study of Gambling and Commercial Gaming at the
University of Nevada, Reno
-- Professor David Forrest, Centre for the Study of Gambling,
University of Salford, UK
-- Professor Zeng Zhonglu, Macau Polytechnic Institute
-- Mr. Guo Shiyou, Director, Sports Lottery Centre of Henan Province,
P.R. China
-- Professor Feng Jiachao, Gambling Institute of University of Macau
Concurrent to the conference, the China Gaming Expo, hosted by China
Center for Lottery Studies, is a top gaming conference and exhibition tailor
made for
Ministry of Finance, Ministry of Civil Administration, Legal Office, National
Sports Lottery Association, National Welfare Lottery Association, provincial
and municipal lottery associations, as well as other lottery associations from
home and abroad. China Gaming Expo provides an excellent chance for contact
decision-makers of lottery industry, for gripe the development of Chinese
lottery industry. In the expo the exhibitor will show the most advanced
lottery equipment. Many leading companies such as Intralot, Gtech, G-Lot,
PacificNet, Openlot and Beijing Sport Lottery Information Promotion Ltd. all
attend the event.
“As a member of the lottery technology industry, it is PacificNet’s
obligation to comply with relevant rules and regulations and actively boost
the lottery industry,” said
expertise and knowledge in this area is an asset to PacificNet as well as a
great addition to the Chinese lottery industry. Compared with Western
countries,
potentials.”
In 2008,
seeking public opinions. Public hearings have been held along with expert
consultation before new lottery regulations are set up. If officially issued,
it would be the
since the launch of
is expected to issue next year. The new regulation is aimed to enhance
supervision of the fast-growing lottery industry and stamp out fraud, which
has been on the rise since
Currently,
distribution and sales, which was issued by the Ministry of Finance in 2002.
According to the proposed draft of the new lottery regulation, no individual,
organization or government department could sell lotteries without permission
from the State Council. The China Welfare Lottery Administrative Center and
the Sports Lottery Administrative Center of the China General Administration
of Sport, both state-run, are the only two legitimate lottery issuers. The
draft regulation also requires lottery vendors to keep the identity of lottery
winners confidential and demands transparency of money taken in and how it is
spent on a regular basis. Lottery funds should cover lottery prizes and
management funding for lottery sellers. The remaining funds should be spent on
the improvement of public welfare, according to the draft, quoting that a
percentage of the revenue would be decided by State Council financial
departments. Individuals or government departments violating the regulation by
selling lotteries unauthorized by the State Council would be fined and face
criminal charges and any illegal gains would be confiscated, according to the
draft lottery regulation.
According to a recent report titled “Economic and Social Development of
(http://www.stats.gov.cn ),
percent over last year, setting a 20-year record in
Of the total sales,
billion yuan
worth of social welfare lottery tickets were sold, raising
of social welfare funds.
billion
coming from record lottery revenues. A major sources of funding for social
welfare programs, China Welfare Lottery, which contributed more than
billion yuan
2007. The Ministry of Civil Affairs reported that welfare expenditure
increased by 34.6 percent in 2007 over the previous year.
2007 is the 20th anniversary of the launching of lottery in
the years lottery has contributed considerably to the country’s social welfare,
philanthropy and public sports. In 1987, the first year of lottery issuance,
the sales was barely
growth. In 2006, it reached
economic and social returns in
had issued
through 2006. More than a third of the proceeds were spent on public welfare,
such as the development of public sports facilities, education and health care
for the handicapped.
stipulates that a minimum of 35 percent of takings must go to the welfare
sector.
For more information on China Lottery Gaming Conference, please see:
China Center for Lottery Studies, University of Beijing:
http://ccls.pku.edu.cn
Ministry of Finance of the People's Republic of China:
http://www.mof.gov.cn
Ministry of Civil Affairs of the People's Republic of China:
http://www.mca.gov.cn
PRC Lottery Official Websites:
China Welfare Lottery:
http://www.clo.com.cn
China Lottery:
http://www.zhcw.com
China Sports Lottery:
http://www.lottery.gov.cn
http://www.lottery.gov.cn/xsdt/2008-11-24/1684803.html
World Lottery Association, WLA:
http://www.world-lotteries.org
Sohu Sports:
http://sports.sohu.com/20081121/n260777657.shtml
About Mr.
Mr.
served on PacificNet’s board as an independent director since
is currently the CEO of Beijing Lottery International Information Technology
Development Ltd., a member of the China IT Channel Committee as well as a
member of the 9th Beijing Enterprise Committee of the China National
Democratic Construction Association. In 2005, Mr. Su became a shareholder of
Beijing Lottery International Information Technology Development Ltd. In the
same year, the company cooperated with the China Center for Lottery Studies of
Peking University to found the magazine “Gaming Industry and Public Welfare”
where Mr. Su served as a Special Advisor. From 2004 to 2005, Mr. Su worked for
the PRC government as the General Manager of the Paperless Lottery Department
at the Beijing Welfare Lottery Center. Mr. Su is often referred to by industry
reporters as “
studied Science and Technology from 1989 to 1992 and studied law at the Party
School of the Central Committee of C.P.C. from 1998 to 2000. Mr. Su also
worked in
About PACT
PacificNet (OTC Bulletin Board: PACT) is a leading provider of gaming and
mobile game technology worldwide with a focus on emerging markets in
specific markets creating an enhanced user experience for players and larger
profits for operators. PACT’s gaming clients include the leading hotels,
casinos, and gaming operators in
PACT employs about 500 staff in its various subsidiaries with offices in the
US,
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SOURCE PacificNet Inc.