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Betmakers Technology Group Ltd (ASX:BET) New Jersey Officially Legalises Fixed Odds Betting
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ASX 200 rises, Betmakers soars, REA Group drops on Friday 6 August 2021
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News roundup: Twitter announces new bug bounty programme, Huawei to invest $100 million in Asia Pacific startups, Amazon accused of breaking US employment laws, and more
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BusinessWorld
August 5, 2021 | 12:03 am
Economic Information Daily cited Tencentâs
Honor of Kings in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with Chinaâs biggest state-run news agency, Xinhua.
The broadside re-ignited investor fears about state intervention after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.
âThey donât believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,â said Ether Yin, partner at Trivium, a Beijing-based consultancy.
China warns gaming firms could lose tax breaks in latest threat
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