They call it keeping up with the changing times.

Bitcoin is about to go legal in China. According to reports, the Chinese government is planning on having a set of laws that will offer digital currencies such as the popular bitcoin a “legal status” in the country.

The new draft law, released as part of the People’s Republic of China General Principles of Civil Law, aims to consider cryptocurrencies as properties “almost on par with physical and financial assets,” meaning they will be under the scope of the civil rights related to property in general.

Digital currencies don’t have a legal status in China, although experts have been attributing the recent surge in the price of bitcoin to the hearty demand from the Chinese market due to fears of Chinese yuan devaluation. In May, the digital currency to hit $500—a value not seen since September 2014—in two of China’s largest bitcoin exchanges, OKCoin and Huobi, and analysts believe trades involving the yuan account for about 95 percent of the current bitcoin trading volume this year.

Macau’s struggling gaming market may have bottomed out after posting almost two years of continuous declines in monthly gambling revenues but credit-debt watcher Moody’s Investors Service warns that tough times to persist over the next three years.

The gambling-driven economy of Macau will see a 6 percent contraction year-on-year in 2016 amid falling gaming revenue, according to Moodys. It added that the rate of decline will be carried over in 2017 – albeit at a slower pace of 2.5 percent.

Moody’s also suggests that Macau will see a considerable deceleration from the robust 13.7% annual average GDP growth rate achieved during 2011-2015 period.

“We expect that growth will continue to contract over our rating horizon of the next two to three years, although the pace of decline should slow,” said Moody’s in its annual credit analysis of Macau.

Macau’s struggling gaming market may have bottomed out after posting almost two years of continuous declines in monthly gambling revenues but credit-debt watcher Moody’s Investors Service warns that tough times to persist over the next three years.

The gambling-driven economy of Macau will see a 6 percent contraction year-on-year in 2016 amid falling gaming revenue, according to Moodys. It added that the rate of decline will be carried over in 2017 – albeit at a slower pace of 2.5 percent.

Moody’s also suggests that Macau will see a considerable deceleration from the robust 13.7% annual average GDP growth rate achieved during 2011-2015 period.

“We expect that growth will continue to contract over our rating horizon of the next two to three years, although the pace of decline should slow,” said Moody’s in its annual credit analysis of Macau.

Partypoker and the Playground Poker Club in Montreal have entered into a multi-year strategic partnership, and former World Boxing Champion, Carl Froch, teaches Big Bluff contestants how to put on a good poker face.

Partypoker and the Playground Poker Club in Montreal have entered into a strategic partnership. The pair holds hands for the first time on the 2nd Sep when partypoker sponsor the 3-Day (CAD) $500,000 Guaranteed (CAD) $109 buy-in Canadian Grand Prix.

The event is the highlight of a 39-tournament event called the World Cup of Cards (WCC) Festival. The festival runs from 18th Aug through 14th Sep and carries a guarantee of (CAD) $2m across the board. The festival includes a wide variety of games including Pot Limit Omaha, 5-Card Omaha, and two variants of Pineapple.

Highlights include the aforementioned Canadian Grand Prix, an event known as Quantum with 10-starting flights and (CAD) $200k in guaranteed prize money, and the World Poker Tour (WPT) National Montreal. The (CAD) $500+$65 buy-in event features a (CAD) $400,000 guaranteed prize pool and seven starting flights.

Partypoker and the Playground Poker Club in Montreal have entered into a multi-year strategic partnership, and former World Boxing Champion, Carl Froch, teaches Big Bluff contestants how to put on a good poker face.

Partypoker and the Playground Poker Club in Montreal have entered into a strategic partnership. The pair holds hands for the first time on the 2nd Sep when partypoker sponsor the 3-Day (CAD) $500,000 Guaranteed (CAD) $109 buy-in Canadian Grand Prix.

The event is the highlight of a 39-tournament event called the World Cup of Cards (WCC) Festival. The festival runs from 18th Aug through 14th Sep and carries a guarantee of (CAD) $2m across the board. The festival includes a wide variety of games including Pot Limit Omaha, 5-Card Omaha, and two variants of Pineapple.

Highlights include the aforementioned Canadian Grand Prix, an event known as Quantum with 10-starting flights and (CAD) $200k in guaranteed prize money, and the World Poker Tour (WPT) National Montreal. The (CAD) $500+$65 buy-in event features a (CAD) $400,000 guaranteed prize pool and seven starting flights.

In today’s World Series of Poker review, John Hennigan wins his fourth bracelet, Steve Wolansky wins his second, and Loren Klein and Ankush Mandavia win their first.

John Hennigan and Michael Gathy could not have had more contrasting times at the 47th Annual World Series of Poker (WSOP). The American came into the series as one of the best card for card players in the world, but going into Event #47: $10,000 2-7 Triple Draw Lowball (Limit) Championship he was still searching for his first cash.

In contrast, Gathy was blasting people into the stratosphere with some magical poker. The Belgian had cashed three times, finished runner-up to Rep Porter in the $1,500 Seven Card Razz, and won his third career bracelet after beating Adrien Allain in the $5,000 No-Limit Hold’em Six-Handed competition.

So when the pair clashed heads-up for the bracelet in Event #47, it was a tough one to call. Would the experience of Hennigan be enough to win his fourth bracelet, or would that fourth bracelet go to the man on a roll?

In today’s World Series of Poker review, John Hennigan wins his fourth bracelet, Steve Wolansky wins his second, and Loren Klein and Ankush Mandavia win their first.

John Hennigan and Michael Gathy could not have had more contrasting times at the 47th Annual World Series of Poker (WSOP). The American came into the series as one of the best card for card players in the world, but going into Event #47: $10,000 2-7 Triple Draw Lowball (Limit) Championship he was still searching for his first cash.

In contrast, Gathy was blasting people into the stratosphere with some magical poker. The Belgian had cashed three times, finished runner-up to Rep Porter in the $1,500 Seven Card Razz, and won his third career bracelet after beating Adrien Allain in the $5,000 No-Limit Hold’em Six-Handed competition.

So when the pair clashed heads-up for the bracelet in Event #47, it was a tough one to call. Would the experience of Hennigan be enough to win his fourth bracelet, or would that fourth bracelet go to the man on a roll?

Mitchell Towner creates a fairytale script after defeating David ‘The Dragon’ Pham en route to the most incredulous journey in the MONSTER Stack event.

At 29-years of age, Mitchell Towner is young for a college professor. I imagine some of his peers at the University of Arizona, where he teaches finance, think he is a little wet behind the ears.

It’s not easy being the youngest; the runt; the untried and untested. You continually have to prove yourself; taking out your machete and hacking through great thick vines laden with judgment from a time no longer in touch with reality.

I am sure Towner still bears scars on his arms from that ferocious fight.

Swedish online gambling operator Betsson AB has seen its share price fall by one-third this week, during which the company issued a trading update that warned of lower profits.

Betsson’s update said it expects revenue in the three months ending June 30 to come in between SEK 920m-945m (US $108m-111m), while operating profit would range from SEK 140m-175m. The profit figure would represent about a 25% haircut from Q2 2015’s number. Final numbers will be issued July 21.

Sportsbook revenue is expected to come in between SEK 205m-230m compared to SEK 206.4m in the same period last year. While seemingly positive, this quarter’s figures include contributions from the Georgian-facing Europe-Bet operations that Betsson acquired last July, and which contributed SEK 94m to its Q1 revenue total.

Betsson says the lower sports revenue is attributable to lower turnover in “multiple” markets, losses in an unnamed “strategic” market and the company’s exit from “a number of European markets” over the past year, based on Betsson adopting “a more conservative stance” on which markets it wishes to serve.

Swedish online gambling operator Betsson AB has seen its share price fall by one-third this week, during which the company issued a trading update that warned of lower profits.

Betsson’s update said it expects revenue in the three months ending June 30 to come in between SEK 920m-945m (US $108m-111m), while operating profit would range from SEK 140m-175m. The profit figure would represent about a 25% haircut from Q2 2015’s number. Final numbers will be issued July 21.

Sportsbook revenue is expected to come in between SEK 205m-230m compared to SEK 206.4m in the same period last year. While seemingly positive, this quarter’s figures include contributions from the Georgian-facing Europe-Bet operations that Betsson acquired last July, and which contributed SEK 94m to its Q1 revenue total.

Betsson says the lower sports revenue is attributable to lower turnover in “multiple” markets, losses in an unnamed “strategic” market and the company’s exit from “a number of European markets” over the past year, based on Betsson adopting “a more conservative stance” on which markets it wishes to serve.

Casino magnate Sheldon Adelson is calling on Las Vegas taxpayers to ante up, or they won’t be able to lure the Oakland Raiders into the Nevada desert.

The Las Vegas Sands boss recently tabled a proposal to build a 65,000-seat domed stadium for the National Football team. The catch? The plan calls for $750 million that will be raised through a tax on hotel stays, according to a Bloomberg report.

Under Adelson’s proposal, $750 million worth of municipal bonds will be sold, and the securities will be paid by a 0.9 percent tax—about $1.08 per night—on hotel rooms.

If this pushes through, Las Vegas’s domed stadium will have the “largest taxpayer subsidy in the history of sports stadiums,” beating out the Lucas Oil Stadium in Indianapolis, which currently holds the biggest stadium subsidy at $620 million.

Casino magnate Sheldon Adelson is calling on Las Vegas taxpayers to ante up, or they won’t be able to lure the Oakland Raiders into the Nevada desert.

The Las Vegas Sands boss recently tabled a proposal to build a 65,000-seat domed stadium for the National Football team. The catch? The plan calls for $750 million that will be raised through a tax on hotel stays, according to a Bloomberg report.

Under Adelson’s proposal, $750 million worth of municipal bonds will be sold, and the securities will be paid by a 0.9 percent tax—about $1.08 per night—on hotel rooms.

If this pushes through, Las Vegas’s domed stadium will have the “largest taxpayer subsidy in the history of sports stadiums,” beating out the Lucas Oil Stadium in Indianapolis, which currently holds the biggest stadium subsidy at $620 million.