Macau’s Chinese lottery swings to profitability in 2019

Chinese lottery concessionaire Sociedade de Lotarias Wing Hing Limitada has reported MOP303 million (US$39.4 million) in retained earnings for 2019, compared to the MOP15.6 million in losses it reported the previous year.

The firm’s assets are also growing dramatically.

Sociedade de Lotarias Wing Hing Limitada has its Macau concession secured through the end of this year.

The company has monopolized Macau’s lottery sales since 1990.