Thursday, July 29, 2021
agtech-tab

AGTech sees loss narrowing by 55% in latest half to June

Chinese lottery services provider, AGTech Holdings, said it expects its loss to narrow by at least 55 percent in the half year to June 30th as businesses rebound from Covid.
Tabcorp, betmakers

Lotteries and Keno key value drivers for Tabcorp: J.P. Morgan

Tabcorp's lotteries and Keno division may be worth between $9.4 billion and $12.4 billion, dwarfing the value of its wagering and media division, which is seen as facing multiple headwinds, according to analysts at J.P. Morgan.
Zitro, dragon lamp

Zitro introduces Dragon Lamp to Philippines

Zitro has introduced its Dragon Lamp video bingo product to the Philippines. Zitro said the success of Dragon Lamp began in Mexico and Spain and is gradually spreading to other countries around the world.
IGT Logo

IGT Q1 revenue rises 25%, fuelled by lottery

International Game Technology said it had among the best quarterly results in its history in the three months to end March, fuelled mainly by growth in global lottery.

AGTech Q1 revenue rose 51.3%

AGTech Holdings said Q1 revenue jumped 51.3 percent as its lottery business in China recovered from the Covid pandemic.

AGTech 2020 revenue falls 7.7%, games outperform

AGTech Holdings said its 2020 revenue dropped 7.7 percent, mainly due to a fall in the sales of lottery hardware, games and systems. However, its loss narrowed and its games and entertainment business performed strongly.

China LotSynergy seeks as much as HK$220.7m through share sale

China Ecotourism Group, formerly known as China LotSynergy is seeking to raise as much as HK$220.7 million through an offer of shares to existing investors to raise capital for the group, whose lottery business has been hit hard by the Covid crisis.

500 .com completes acquisition of Loto Interactive

500.com, which has been transforming from a Chinese online lottery company into a cryptocurrency mining enterprise, says it has completed the acquisition of a stake in Loto Interactive for HK$105 million ($13.5 million).
tabcorp

Tabcorp halts CEO search, announces strategic review

Tabcorp says it’s taking time to carry out a strategic review of its businesses to extract more value for shareholders after receiving unsolicited bids for its wagering and media business, which it says were too low.

Tabcorp rejects offers for media business as too low

Tabcorp Holdings said it views the unsolicited approaches for its wagering and media business are too low. The proposals, including an offer from the U.K.'s Entain, were for $3 billion.

TRENDING ARTICLES

Regulating the Game organizers mulls postponing event 

The organizers behind the “Regulating the Game” seminar, held during the week of the Australasian Gaming Expo says it has begun exploring the possibility of “pushing the course back to later in the year.”

WDTS gets $35m investment from Beach Point

Walker Digital Table Systems has announced a $35 million strategic investment by Beach Point Capital Management, a multi-billion dollar investment manager with a sizable portfolio in the casino gaming industry.

Star says Sydney closure extended, Queensland eases

Australia's Star Entertainment said its casino in Sydney will remain closed until August 28th due the government's lockdown restrictions for the city and surrounding area, but operating restrictions have eased in Queensland.

iSoftBet introduces Ancients of Korea

iSoftBet, the leading online games supplier and content aggregator, has journeyed to the extraordinary world of the Far-East in its newest hit, Ancients of Korea.