Friday, April 16, 2021

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.

AGTech 2020 revenue down 7.7% but loss narrows

AGTech Holdings said its operating loss narrowed by 32.7 percent in 2020, even though revenue dropped by about 7.7 percent to HK$161.6 million. 

500 .com moving headquarters from Shenzhen to Singapore

500 .com, the troubled sports lottery company that is transforming into a bitcoin firm, announced its decision to relocate its headquarters from Shenzhen to Singapore.

500 .com changes name to Bit Mining Ltd.

500.com, formerly a Chinese online lottery company, has approved a change of name to Bit Mining Ltd. to reflect the new focus of its business.

Jumbo Interactive sees revenues up 9% in latter half of 2020

Jumbo Interactive, the Australian lottery firm, delivered revenue of A$40.9 million (US$32.2 million), up 9.0 percent, with underlying EBITDA up 3.7 percent to A$24.1 million.
500.com

500 .com surges on bitcoin transformation

China sports lottery company 500.com has continued its transformation into the bitcoin space with the all-stock acquisition of bitcoin mining company BTC.com and investors appear to approve.

Tabcorp H1 profit falls 7% on Covid impact

Tabcorp said its first half net profit after tax fell 7 percent to A$185 million, while revenue declined 1.5 percent, "primarily due to Covid-19 impacts."

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Widus and PAGCOR team up for aid to indigenous communities

Widus Foundation, in partnership with the Philippine Amusement and Gaming Corp. (PAGCOR), National Commission on Indigenous Peoples Region 3, Widus Hotel and Casino Clark and Clark Marriott together with the Philippine Air Force-Air Defense Command Clark, JCI Mabalacat, and Local Government Units gave PHP1.6 million (US$33,600) worth of learning materials and food packs to indigenous communities.
Macau, tourism, stimulus package

Gaming focus, China policies constrain Macau credit rating

Macau's narrow economic base and its high concentration of tourists from China restrain the city's credit rating and have contributed to historically high levels of gross domestic product volatility, Fitch Ratings says.

Macau Q1 gaming tax revenue drops by half

Macau's tax revenue take from its gambling industry fell by 50 percent in Q1 to MOP9.1 billion ($1.14 billion), according to the Financial Services Bureau.

LVS launches ad blitz to push for casinos in Texas

Las Vegas Sands has launched a multi-million dollar advertising campaign in an effort to convince lawmakers to legalise casinos in Texas.