Lottery sales in China rose 6.3 percent year-on-year to CNY 37.9 billion (US$5.5 billion) in March, according to the Ministry of Finance.

Private equity group Pacific Consortium has sweetened its offer for the proposed takeover of Tatts Group, making an all cash offer of A$7.2 billion, or A$4.21 cash per Tatts share.

The Supreme Court has dropped all civil cases linked to the dispute between DFNN Inc and the Philippine Charity Sweepstakes Office (PCSO) over the “illegal” rescission of its lotto equipment leasing deal.

The government of Kerala is considering a new law that would negate the impact of the Goods & Services Tax (GST) on lotteries.

Lottery revenues increased 9 percent year-on-year in South Korea in 2016 driven in part by changing player perceptions, but remain low when compared with other OECD countries, signaling room for further growth.

Lottery revenues increased 9 percent year-on-year in South Korea in 2016 driven in part by changing player perceptions, but remain low when compared with other OECD countries, signaling room for further growth. A gradually changing perception of the lottery as something that can provide funds to help society, together with an expanded online offering are likely to spur future growth.



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The South Korean government has earned 62.5 trillion won (US$54.56 billion) from the gambling industry over the past 15 years, about half of it through taxes, the Yonhap news agency reported.

Rexlot Holdings said it will raise about HK$600 million in net proceeds from a share subscription accord and convertible bond issue.

The proceeds from the transaction will be used to repay the company’s existing loans and for general working capital, the company, which is involved in the lottery industry in China, said in a release to the Hong Kong Stock Exchange.

The Comptroller and Auditor General (CAG) of India has uncovered a massive loss in revenue for the Nagaland state government due to irregularities in the conduct of Nagaland State lotteries.

Mainland China lottery sales reached RMB 28.2 billion (US$4.1 billion) in February, up 25.4 percent year-on-year.

Chinese lottery company Rexlot Holdings recorded a widened loss of approximately HK$416.1 million (US$53.5 million) for the year ended Dec. 31, 2016, compared to HK$205.4 million in 2015.

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