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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: China may legalize horse betting: state media AFP - Sunday, November 30 BEIJING (AFP) - - China has carried out horse betting on a trial basis, signalling an ambition to restore a form of gambling that was outlawed by the Communists six decades ago, state media reported Sunday. The test run took place Saturday at the China Speed Horse Race Open in the central Chinese city of Wuhan, where spectators could bet on four races, Xinhua news agency said. Each spectator was allowed to place two bets for free, and winners were given lottery tickets that gave them a chance of winning minor money prizes, according to Xinhua. Qin Zunwen, an expert in horse race betting from the Wuhan-based Hubei Provincial Academy of Social Sciences, said once a nationwide network is set up, the industry could create three million jobs. He estimated that annual lottery sales could reach 100 billion yuan (14.7 billion dollars), yielding 40 billion yuan in tax revenue per year. "Offering a legal venue to bet on horse races could drive out illegal online gambling," he said. It could also help cut down on underground and overseas gambling, he said according to Xinhua. Wuhan was China's horse racing capital from the early 20th century, but it lost that role after the Communists assumed power in 1949, banning all types of gambling. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific China holds horse betting trial runAP - 23 minutes ago Minister resigns, India probes Pakistan attack linksAFP - 30 minutes ago 51 protesters wounded in Bangkok explosionsAP - 34 minutes ago Thai tensions rise after blasts wound dozensAFP - 1 hour 14 minutes ago Singapore's Lee Kuan Yew recovering after surgeryAP - 1 hour 55 minutes ago Enlarge Photo China may legalize horse betting: state media Most Popular – Asia Pacific Viewed World's oldest person dies at 115 years Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' Michael Jackson strikes 'amicable' deal with Arab sheikh Bomber strikes Shiite mosque after Iraq approves US pact View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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