China game firm turns to agency

A firm with a licence to provide gaming entertainment across China has turned to agency backing to source funding from UK investors.

CY Foundation Group is the only company licenced by the Communist Youth League of China to run online poker tournaments.

Account director Peter Otero will head the project, reporting to CY Foundation CEO Sam Woelm.

ccording to reports, the group plans to open up to 1,500 franchised internet gaming complexes across 30 mainland cities in China over the next two to three years. The Foundation will also produce a national elec­tronic tournament platform to develop the online tournament gaming market.

The League is a wing of the Communist Party that aims to educate young people about the practical applications of communism.

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