Tentative as it was, the race meeting in November was a significant move towards opening the country's vast betting market. In the same month the World Poker Tour introduced Chinese poker, or Tuo La Ji, to television viewers. As the economy falters, the incentives for the government to trade ideology for profit are compelling. A Chinese researcher has claimed that a nationwide betting industry for horse racing would create 3m jobs and 40 billion yuan in tax revenues. And the government might also rescue some of the estimated $700 billion lost to illegal betting each year.

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