Tag Archives: melcolot
- 500.com makes play to acquire China lottery tech firm MelcoLot
May 29, 2017
Online sports lottery technology provider 500.com has made a play to acquire land-based lottery technology firm MelcoLot Ltd. in a bid to diversify its revenue stream. On Monday, the Shenzhen-based, Nasdaq-listed 500.com announced that it had reached a share purchase agreement with Melco LottVentures Holdings Ltd, a subsidiary of Melco...
- Spain revives BCN World project, reduces planned casino space by half
June 30, 2016
Spain is attempting to restart its stalled BCN World integrated resort zone with a new name and 50% less casino space. On Thursday, the government of Spain’s autonomous Catalan region unveiled its revised plans to develop a tourist-friendly resort zone in the villages of Vila-seca and Salou on the Costa...
- Spain casino bid delays lead to MelcoLot share deal cancellation
June 16, 2016
Hong Kong-listed MelcoLot Ltd and Melco International Development Ltd are cancelling a share deal amid delays regarding its tender process to operate a casino near Barcelona, Spain. In a joint statement, the two companies announced they are terminating the deal that would have seen Melco International and related parties increase...
- Melco folds on Georgia casino plans
February 11, 2016
Lawrence Ho is giving up on his gaming interests in former Soviet Republic Caucasus, Georgia. Melco International Development Ltd., in a joint statement with its unit MelcoLot Ltd., announced Wednesday that its plan for a casino deal agreement in Georgia will not proceed. The decision came after MelcoLot failed to...
- Melco Barcelona casino bid could face delays
January 13, 2016
Lawrence Ho’s pursuit of a casino license in the Spanish city of Barcelona may be held up. Ho controlled companies Melco International Development Ltd. and MelcoLot Ltd., in its filing to the Hong Kong Stock Exchange last week, announced that the second-phase tender process for its bid for a casino...
- 500.com could be broke by year’s end if China maintains online lottery suspension
November 12, 2015
Online sports lottery operator 500.com has reported zero revenue for the second quarter in a row thanks to China’s ongoing suspension of online lottery sales. On Thursday, the Shenzhen-based 500.com again reported ‘nil’ in the categories of revenue and earnings in the three months ending Sept. 30. The inactivity resulted...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017
China only pretending to fight bitcoin
September 12, 2017
Bitcoin recovers from price slump after China’s ICO ban
September 8, 2017