Mainland China

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.

Success Universe says it’s optimistic about the long-term future for the Macau gaming industry, with the expansion in the mass sector pointing to more sustainable future growth.

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.

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