Gionee to restructure as they struggle on

Gionee Chairman Liu Lirong

I used to work at the biggest online gambling company in the world. I’ve seen at first hand the speed that systems have to respond and how mobile phones are now pushing the industry to huge new heights.

If you’re ready for online casino fun, find more casino apps on or grab an app – it’s so easy and the competition between the providers is fierce. As long as you stop when the fun stops, it can be a fun way to spend your time. You can have a lot of fun with gambling in mobile casinos on the go. It’s convenient and you can enjoy the casinos at any moment and from any place. In recent years the quality of the games has increased as operators seek to out-do each other in terms of speed, playability and addictiveness. We’re seeing glossy games which have had thousands of hours of developer time invested. Some are as good as regular games that you’d see on the likes of video game systems, with 3D graphics, intense sound and rewards to keep you coming back.

Not all games require real cash either, and there’s plenty of apps out there that you can download onto your phone which give you the thrill of winning without any cash being invested.

Getting started with apps like this can be a minefield, with a dizzying array of slot machines which you’ve never even seen before, it’s hard to know where to start. Perhaps choose the one that catches your eye or one that’s based on a familiar TV show or with the biggest payouts? If you’re on a limited budget, it’s worth trying out apps which don’t need real money deposits first. Once you’ve done that, there’s plenty of online casino and gambling companies who have big offers with free bets and spins to get you onboard.

However, smartphones and gambling have taken a very different journey for smartphone maker Gionee. The company is reportedly now in severe financial trouble and “on the verge of bankruptcy” due to one wayward Chairman.

Wait.. who’s Gionee? Well you may remember how British company Kazam bought and re-branded Gionee handsets over to our shores. For a time they did very well indeed, and we were particularly impressed with the 5.15mm-thick Gionee Elife Slim, which – although 3G only – did great guns for the company just a few years back. Now though, there’s rumours that the Chairman of Gionee hasn’t been controlling his gambling. Now, according to reports in China, some 10 billion yuan has been lost whilst at a casino in Saipan. That’s some $1.4 billion and suppliers haven’t been paid. There’s now 20 suppliers who are trying to get their money from the company.

This all comes after Gionee made quite a comeback in the Indian market. They were incredibly popular and you may remember how their Gionee F205 and S11 Lite packed quite a lot into a budget. However, they’ve been unable to compete with the likes of Huawei, Samsung and Nokia and this – at the end of the day – is part of the reason for their demise.

If true, it would be a sad way to see the company go, but we’ll bring you more as we get it.