Gam­bling in Hainan not zero-sum game

China Daily (Hong Kong) - - COMMENT -

IN A DOC­U­MENT on ex­pand­ing Hainan’s open­ing-up is­sued by the cen­tral au­thor­i­ties on Satur­day, the largest spe­cial eco­nomic zone and the to-be largest pilot free trade zone is en­cour­aged to de­velop horse rac­ing and lot­tery in­dus­tries, par­tic­u­larly the in-play com­pet­i­tive sports lot­ter­ies. Bei­jing News com­ments:

The lot­tery busi­ness is by no means, as some peo­ple say, a zero-sum game pos­ing threats to fam­ily and so­cial sta­bil­ity. Rather, it should be viewed as a kind of en­ter­tain­ment, par­tic­u­larly to the risk tak­ers, not a bot­tom­less pit en­trap­ping peo­ple to lose all their money.

For a long time the in­dus­try has been de­mo­nized, but it is time peo­ple up­dated their views on it, as it has pros­pered within le­gal frame­works in many places around the world with­out be­com­ing a hot­bed of so­cial prob­lems and trou­ble­mak­ing.

Hope­fully, Hainan prov­ince will make good use of its ex­clu­sive right on the Chi­nese main­land to de­velop the lot­tery in­dus­try well, which will help boost its eco­nomic growth and at­tract more tourists

to the is­land.

Hainan can draw lessons from the lot­tery in­dus­try’s de­vel­op­ment and ad­min­is­tra­tion in the Ma­cao Spe­cial Ad­min­is­tra­tive Re­gion and open the mar­ket to ca­pa­ble en­ter­prises to boost com­pe­ti­tion, let­ting the mar­ket play a de­ci­sive role in al­lo­cat­ing re­sources.

The gov­ern­ment should ease its con­trol on the lot­tery busi­ness so as not to hin­der its growth, while strength­en­ing its su­per­vi­sion to en­sure the healthy and or­derly de­vel­op­ment of the in­dus­try.

The lot­tery man­age­ment ex­pe­ri­ences of Hainan will pro­vide a ref­er­ence for other places in China, as it is be­lieved the lot­tery in­dus­try will re­ceive more green lights if the ex­per­i­ment in Hainan proves a suc­cess.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.