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The immediate fallout was tough on numerous businesses. Boyaa Interactive’s stock hit an all-time low in a matter of days, and it never truly recovered from its pre-announcement position at 3.14HK. As of September 10, it was at 1.9HK. Ourgame, parent company of the World Poker Tour, was at 1.61HK before the government order but began falling and was at only 0.76HK on September 10. Chinese tech giant Tencent also fell significantly. The host of the World Series of Poker app and a social media developer, Tencent initially dropped from 406.0HK to 378.0HK, though it didn’t drop too much further, hovering at 365.0HK on August 29. That was all about to change, however. Tencent originally took some steps to comply with the Chinese government’s orders by removing the WSOP poker app from WeChat and refraining from hosting any more live tournaments on the island of Hainan via its WSOP partnership. It did not completely stop promoting poker, though.
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