Matthew Tripp is selling out his stake in UK-listed DJI Holdings as he prepares his own CrownBet to cash in on China’s online gambling market.

The CrownBet boss confirmed to Fairfax Media that the Australian online betting operator “would look at any wagering licenses up for grabs should China’s wagering market be liberalized in the future.”

Tripp said he is the middle of selling out his holding in DJI Holdings, which is also targeting China’s $70 billion lotteries market, as part of his plan “to streamline a number of his personal investments.”

Experts forecast a potential bidding round in China—home to one of the world’s largest online gambling markets—where internationally-licensed operators can offer a selection of betting services, according to the Sydney Morning Herald report.