Mainland China

China authorities are calling for more help from overseas law enforcement agencies to prevent Chinese citizens from gambling overseas.

Lottery system provider Rexlot Holdings Ltd. says it expects to record a net loss for the year ended Dec. 31, 2016, down from a net profit recorded in 2015.

AGTech Holdings Limited recorded profit attributable to owners of the company of approximately HK$333 million (US$42.9 million) for the year ended December 31, 2016, up from HK$280.2 million in 2015.

Beijing’s effort to tighten capital controls has resulted in a 74 percent drop in Chinese outbound investment in the first quarter of this year and is likely to create serious problems for foreign businesses, risk consultancy Steve Vickers & Associates said.

China’s economy is seeing renewed strength in premium activity, driving demand for luxury cars and VIP gaming in Macau, though longer term the outlook for the high roller segment is muted, according to research from Bernstein.

Macau may benefit from a March 3 decision by Beijing to restrict travel to South Korea, Sterne Agee said in a note.

The Ministry of Finance reported January lottery sales in Mainland China fell by 10.7 percent year on year, hurt by the timing of the Chinese New Year holiday.

Increasing outbound travelers from China is expected to provide strong demand for the Asian casino market, say analysts from Morningstar.

NY-listed 500 .com successfully narrowed its net loss in 16Q4 to RMB 5.7 million (US$0.8 million), compared to RMB 109.7 million in the prior year period.

Reduced liquidity in mainland China in 2017 will create headwinds for high-end gaming in Macau, say Bernstein analysts. In its report titled “China Liquidity: Who are the winners and losers when the tide is going out?” the brokerage looks at the implications of tightening liquidity on China’s markets.

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