ONLINE GAMBLING MYSTERY AS ASIAN-FACING 138.COM SHUTS

On 28 May, Calvin Ayre reported that the reason(s) behind the closure remains a mystery, and some Asian affiliates claimed that the site had shut only temporarily due to its support services in the Philippines being closed as a result of Covid-19 – but that, it says, seems unlikely, given that the site is completely offline.  The site was run by the Isle of Man-based Xela Holdings Ltd/TGP Europe and the UK-facing 138.co.uk continues to operate under a Fesuge Ltd licence.  In July 2019, as Suncity it found itself in the crosshairs of Chinese state media, which accused the company of being the single largest online gambling operator targeting customers on the Chinese mainland, where gambling of any form other than the state-run lotteries is strictly illegal.

https://calvinayre.com/2020/05/28/business/online-gambling-mystery-138-com-shuts-down/

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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