MelcoLot mulls rebranding

Lottery supplier MelcoLot is proposing a change to its english name to Loto Interactive Limited, in a move to provide the company with a more “appropriate corporate image.”

In June, 500.com Ltd completed its acquisition of a controlling stake in MelcoLot.

MelcoLot says the proposed new name “will better reflect the future business plans and development of the Group, [providing] the company with a more appropriate corporate image and identity.”

The proposed name change is subject to approval by shareholders at the next extraordinary general meeting, as well as the registrar of companies in the Cayman Islands.