Feeds

China arrests Betex executives

Shares, software in limbo

High performance access to file storage

House of Cards In a cryptic press release issued Wednesday, China-facing Betex reported that two of its senior staff in Beijing had been arrested and another was a fugitive in Jilin province. The company suspended trading in its shares on the AIM market in response to the uncertainty.

Betex, which develops mah jong software and operates lotteries on the mainland and a website oriented toward wagering on Asian football, said it believed the arrests were related to the individual actions of the men, rather than the legality of its software. Betex suspended sales of its software in China until further notice.

Betex did state that "the company is working with its legal advisers to obtain information regarding the status of the investigation and is assisting the authorities wherever possible".

In light of China's recent moves against internet gaming of all sorts, Betex's rush to gain a foothold in the potentially enormous Chinese market might turn out to be a bit premature.

It certainly must seem so for the executives, whether they are on the run or wallowing apparently incommunicado in a Chinese jail. ®

3 Big data security analytics techniques

More from The Register

next story
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Whoever you vote for, Google gets in
Report uncovers giant octopus squid of lobbying influence
Lavabit loses contempt of court appeal over protecting Snowden, customers
Judges rule complaints about government power are too little, too late
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.