China w88 online casino betting Holdings (Group) Company (hereinafter referred to as w88 online casino betting Group) was approved by the State Council and the Central Military Commission in 1980, and was transferred to the Central Enterprise Working Committee by the General Equipment Department of the People's Liberation Army in 1999. In 2003, it became a central enterprise in which the State-owned Assets Supervision and Administration Commission of the State Council performs its investor duties. In March 2010, with the approval of the State Council, China Energy Conservation Investment Company and w88 online casino betting Group jointly reorganized into China Energy Conservation and Environmental Protection Group. After the reorganization, New Times Group became a secondary subsidiary of China Energy Conservation and Environmental Protection Group.