Thursday, February 21, 2019

500.com posts widened loss in 2018

China-lottery service provider 500.com on Thursday reported a widened net loss for the 2018 year period, totaling RMB453.9 million (US$66 million), compared to a...

Scientific Games and Tabcorp elevate keno experience in Australia

Scientific Games Corporation today announced that it is collaborating with gaming giant Tabcorp, to enhance its keno offering in pubs and clubs across Australia....

GST Council to decide on uniform tax rate for lotteries

A state ministerial panel set up to review the tax rate on lottery has recommended setting a standard GST rate for all lottery of...

What next for China’s booming lottery sector?

China’s lottery sector continues to boom, but uncertainty over how Beijing may react to the rapid growth continues to linger, with big questions over the future direction of online sales and sports betting.

China lottery sales up 19.9 pct in 2018

China lottery sales jumped 19.9 percent in 2018, reaching RMB 511.5 billion (US$75.9 billion), according to a report from Xinhua. The Chinese lottery market,...

Kerala opposes plans to hike state lottery GST

The Kerala government has opposed the Finance Ministry’s plan to increase GST tax rates for lottery to 28 percent from the current 12 percent...

Police raid Mumbai online lottery centres

Police have raided seven online lottery centres in central Mumbai, arresting 11 for evading the Goods and Services Tax by issuing hand written tickets...

AGTech wins the contract for virtual football lottery in Jiangsu

A subsidiary of AGTech Holdings, Asia Gaming Technologies (Beijing) Co., has been awarded the technical cooperation contract by the Jiangsu Sports Lottery Administration Centre...

China downplays reports $20b missing in lottery

Chinese authorities are downplaying reports circulating on social media that RMB136 billion ($19.5 billion) has been embezzled from the state lotteries by corrupt officials.

Bombay HC upholds Maharashtra lottery tax

The Bombay High Court has upheld a Maharashtra government's act which levies tax on sale of lottery tickets in the state, local media reports....

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Pansy Ho makes a play for SJM board

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Indo Pacific Gaming opens table games division

Indo Pacific Gaming International on Wednesday announced the formation of a new table gaming sales and operations division, to be headed by casino gaming...

Macau Jan. GGR falls less than expected

Macau recorded its first year-on-year decline in gross gaming revenue in 29-months in January, though the drop was not as severe as analysts had...

SKYCITY’s shares fall as market digests results

SKYCITY shares opened at NZ$3.83 this morning four percent down on its peak price for the year of NZ$3.99 on Tuesday the day after...

Deloitte Japan fined for violating auditor independence rules

The US Securities and Exchange Commission (SEC) announced last week that Deloitte Tohmatsu (Deloitte Japan) had agreed to pay a $2 million fine to...