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Politics

China-backed 500.com: The company tied to Japan's casino scandal

Shenzhen-based lottery provider alleged to have bribed Japanese lawmaker

Despite posting losses for 19 consecutive quarters, 500.com remains firmly backed by the Chinese government via a subsidiary of state-owned Tsinghua Holdings.

TOKYO/SHENZHEN -- Online sports lottery provider 500.com suddenly finds itself in the hot seat in Japan. The Chinese company is suspected of bribing Tsukasa Akimoto, a Liberal Democratic Party lawmaker deeply involved in crafting the country's gaming policy, who Tokyo prosecutors arrested on Wednesday.

500.com set up a Japanese subsidiary in 2017 with an eye to opening casino resorts in Japan, one of which was to be located in Hokkaido.

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