Friday, December 6, 2019

AgTech to supply lottery terminals in Zhejiang and Henan

AGTech Holdings Limited reported to the Hong Kong Stock Exchange on Thursday that one of its wholly-owned subsidiaries had won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centers in Zhejiang province and Henan province.

Meghalaya approves rules for lotteries

Meghalaya, a state in northeastern India along the border with Bangladesh, has approved rules for a state lottery which they hope will become a strong source for state revenues.

AGTech swings to loss in Jan-Sept period

Lottery service provider AGTech Holdings posted a loss of HK$73.1 million (US$9.3 million) for the first nine months of 2019, due mainly to several...

500.com Q3 net loss narrows on lower expenses

Lottery service provider 500.com saw its net loss narrow in 19Q3, due mainly to a year-on-year reduction in operating expenses. Net revenues decreased 67.4 percent...
Bangkok, Thailand

Majority of Thais gamble, report finds

A new survey has found that 30.42 million Thais, or 57 percent of the population, have participated in gambling this year, despite a government ban.

AGTech wins lottery projects in Jiangsu and Heilongjiang

AGTech Holdings on Monday announced that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd has won the sports lottery terminal procurement bidding projects...

India lottery operators call for GST reform

India’s lottery operators are seeking urgent GST reforms, which they say have been “crippling” the industry with multiple issues.Mr. Kamlesh Vijay Group CEO of...
Tabcorp

Tabcorp FY revenue up 8.7 percent on lottery/keno

Tabcorp posted an 8.7 percent increase in revenue in the first full year after combining with Tatts Group, with a strong contribution from its lottery and keno division.
AGTech lottery tickets

AGTech swings to H1 loss, revenue declines

AGTech Holdings posted a loss for the first half of 2019 and said revenue declined by 22.7 percent due to lower lottery hardware sales.

500.com posts widened loss on impairment provisions

China lottery service provider 500.com has continued to suffer from the suspension of online lottery in the country, posting a widened net loss of...

TRENDING ARTICLES

IPI says raids don’t affect casino ops.

Imperial Pacific International said it assisted in an investigation by enforcement officers on Saipan on Nov. 7, adding the probe does not affect its daily casino operations.

Aristocrat logs 29 percent rise in net profit in FY2019

Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

Suncity moves quickly to secure Manila IR site

Hong Kong-listed Suncity Group aims to speed up the payment of $200 million to secure the project site for its proposed five-star hotel and casino complex, Westside City Resorts World, to be developed at Entertainment City, Manila.

Peter Wolff named GLI Director of Global Technical Compliance

Peter Wolff has been named as Gaming Laboratories International’s new director of global technical compliance, in which role he is expected to concentrate on technological advances within the gaming industry in order to support regulators in jurisdictions around the world.

VIP to make up of one-third of GGR by 2022

VIP as a percentage of revenues is expected to go down to as low as 34 percent by 2022, according to estimates from Bernstein...