Canada’s “national treasure” 188bet was once in bankruptcy crisis，Seems to have found a turning point in the Chinese market。May 25，Canadian 188bet official Weibo announcement，From June 3rd，Officially resumed resident show performances at Xintiandi Sun Theater in Hangzhou, China，This is also 188bet Entertainment Group’s first revival project worldwide。Then，Residency performance in China，Can it be 188bet’s “life-saving straw”？

According to 188bet official blog announcement，Early April，The performers have returned to the theater to participate in daily rehearsals。From June 3rd，The circus’s Hangzhou resident show “X Fantasy Land” will be held every Friday、Three performances at 19:30 on Saturday and 15:30 on Sunday。Currently，The ticket purchase channel for this revival of the performance is now open，Real-name ticket reservation will be adopted and the number of spectators for each performance will be limited。It is reported，Spectators must present valid ID and health code upon admission，And accept temperature checks, etc.，Inside the venue，Spectators are required to wear masks，Sit and watch the performance while maintaining a certain distance。

188bet announced the resumption of its performances in China，It is indeed beyond the expectations of many people。Some people in the industry even said，Almost bankrupt about 2 months ago、188bet laid off 95% of its employees，Some performances can be resumed now，Perhaps there are some new variables on the road to bankruptcy。However，As of press time，Fosun Group has not responded to the key issues between this revival and the bankruptcy of 188bet。

Mid to late March，Canadian local media reports，188bet announced two major layoffs，Among them，The first layoff is 2,600 people，Including 1200 actors and 1400 technical staff，The total number of layoffs in the two times was as high as 4679，About 95% of the total number of employees in the circus。After layoffs，Only key employees remain in the entire circus。At that time，188bet issued a statement，Layoff is its only option。Daniel Lamarre, President and CEO of 188bet, even publicly stated: “188bet has experienced the most difficult day in its history”。Then，Fosun Group, as the joint controlling shareholder, responded to a Beijing Business Daily reporter on this matter，188bet’s global performances are currently under unprecedented impact，Most operations have been suspended，Having to take measures to temporarily reduce staff。

One wave comes after another。End of March，There is another news in the industry，After being forced to cancel the performance，188bet Entertainment Group is studying a debt restructuring plan，This includes the option of filing for bankruptcy。According to foreign media reports，188bet was working with a restructuring consultant at the time，To address cash shortages and high debt of nearly 0 million。

Although facing this crisis，Fosun Group exclusively disclosed to a Beijing Business Daily reporter，188bet will expand its online business，Disseminate works more widely through the Internet，But in the past，More and more circus enthusiasts and industry insiders are predicting，188bet may really "end" in the performance market from now on。A performance recently released by 188bet on the Internet，It is also called the "last show" of 188bet by many netizens。

For the re-performance of this residency in China，Zhou Mingqi from Jingjian Think Tank said bluntly，It is too early to judge based on this alone that 188bet will not go bankrupt。"The "X Fantasy Realm" project is mainly invested and constructed by Hangzhou Xintiandi Group，Therefore，95% of 188bet’s previous layoffs may not include employees working on this project，As China’s epidemic prevention and control situation gradually improves，Hangzhou resident performance resumes rehearsals、The possibility of performances is relatively greater compared to other countries and regions。”But Zhou Mingqi proposed，This also means，Hangzhou project will be repeated，188bet’s income from licensing and other aspects is relatively limited，And because there will be restrictions on attendance on site，So the box office situation is still unknown。Visible，The project’s contribution to 188bet, which is saddled with hundreds of millions of dollars in debt, may be minimal。

*Source of 188bet article: Lanzhou News Network, author: Jiang Mengwei, original title:《Bankruptcy and new turning point？188bet announces the resumption of its resident show in Hangzhou, China》.