The announcement late last year that PacificNet, one of the largest providers of lottery welfare services and gaming technology to China, had regained compliant status within the NASDAQ Global Market should have allowed its trajectory of expansion across the Asian region to continue. However, the approval highlights the complex inter-relationship whereby funding for gaming companies seeking to do business in Asia often hinges on Western investment and regulatory approval.
The global gambling industry is in a state of constant flux, evolving and growing at pace. The regulatory landscape requires professionals to stay on top of an increasing volume of complex regulatory demands.
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