Mainland China

Lottery supplier MelcoLot is proposing a change to its english name to Loto Interactive Limited, in a move to provide the company with a more “appropriate corporate image.”

The last five years have seen a tumultuous business environment for casino operators in Australasia. Barely five years ago, CFOs of two of the largest concessionaires in Macau were predicting annual revenues in excess of US$100 billion by 2020. After all, they argued, less than five percent of the adults from China had been to Macau, and hence the “true” long-term potential was almost limitless.

The last five years have seen a tumultuous business environment for casino operators in Australasia. Barely five years ago, CFOs of two of the largest concessionaires in Macau were predicting annual revenues in excess of US$100 billion by 2020, driven by the China VIPs. Attracted by China's massive potential many of the region's casino operators placed their focus on the one market. Now that's changing and marketing strategies need to change too. 

 



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Lottery provider MelcoLot reported a narrowed loss of HK$6.3 million for the six month period ended June 30, attributed to a decrease in employee benefits costs.

The members of an online gambling gang were reportedly rounded up and returned to China from Fiji after Beijing sent a team to the island to investigate, according to media reports.

Lottery service provider 500.com reported a significant uptick in revenues for the second quarter of 2017, primarily generated from mobile gaming and sports information services.

Increased anti-corruption activity in China over 17Q2 may pose a risk to premium spend, says Bernstein analysts.

Chinese outbound tourism to countries other than Macau and Hong Kong is expected to continue its growth trajectory over the next few years.

China saw its monthly lottery sales fall slightly in June, going down 0.3 percent year-on-year to RMB 33.8 billion (US$5 billion).

China’s housing market is expected to cool over the rest of 2017 due to restrictions on home purchases, and tighter credit conditions, said Fitch Ratings in a report on Thursday.

Betsoft Gaming have announced that they have signed a partnership deal with a new Asian-facing operator HBet63.

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