Tag Archives: sports lottery
- 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...
- China arrests 203 over bogus online lottery operation
May 17, 2017
Chinese authorities have arrested over 200 people in connection with an online lottery fraud operation. On Wednesday, China’s state-run media agency Xinhua reported that police in Shaanxi province had raided three locations earlier this month and detained 203 individuals, of whom over 100 will face criminal charges in connection with...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017
Huobi wants Chinese bitcoin users to explain source of funds
March 22, 2017