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'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.
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, 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 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 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.