Chinese arrest Betex employees

United Kingdom

This article was produced by Olswang LLP, which joined with CMS on 1 May 2017.

It has been reported that two senior employees of UK-based gambling operator Betex have been arrested in China, and that the authorities are seeking a third. The exact reason for the arrests appears to be unclear, but Betex has suspended trading in its AIM-listed shares. Betex has contracts to co-manage sports-based lotteries in various Chinese states.