Tag Archives: sports lottery
- China sacks two lottery officials following corruption probe
August 28, 2017
China has removed two lottery officials from their positions after an investigation produced evidence of corruption, including using their positions to conduct improper sexual relations. On Sunday, China’s official state news agency Xinhua reported that two high-ranking officials at the Ministry of Civil Affairs’ Welfare Lottery distribution and management center...
- China lottery sales dip; Myanmar e-lottery could hire int’l firms
July 24, 2017
China’s lottery sales took a slight dip in June but sales remain up over the first half of 2017. On Sunday, China’s Ministry of Finance announced that mainland lottery sales fell 0.3% year-on-year to RMB 33.8b (US $5b) in the month of June. In a reversal of recent trends, welfare...
- AGTech, SF Express launch lottery scratch ticket delivery service
July 5, 2017
China’s lottery players may not be able to purchase tickets online, but at least they no longer have to traipse down to the shops to scratch their lottery itch thanks to a new joint venture. In April, Hong Kong-based lottery technology supplier AGTech Holdings announced a joint venture with Shenzhen-based...
- Mainland China’s lottery chalks 8.9% growth in May
June 27, 2017
Sales of lottery tickets in mainland China grew by almost 9 percent in May as Chinese punters wagered more in sports. Data from China’s Ministry of Finance showed that total sales of official lottery products in May grew by 8.9 percent to RMB37.70 billion (US$5.51 billion) in year-on-year terms. However,...
- 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...
- 500.com buys Maltese parent of Multilotto.com
May 26, 2017
Struggling online lottery operator 500.com has made another attempt to diversify its business model by acquiring the parent company of Nordic-facing online gambling operator Multilotto.com. On Friday, the Nasdaq-listed 500.com announced that it had reached a deal to acquire 93% of the outstanding shares of The Multi Group Ltd, the...
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