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.
In recently announced figures, China’s Ministry of Finance said total lottery sales in 2018 enjoyed a 19.9 percent year-on-year increase to CNY 511.47bn ($75.85bn).
The growth was powered by the China Sports Lottery, which during a World Cup year saw sales grow 36.8 percent to CNY 286.9bn ($42.55bn). For the first time, Sports Lottery sales outstripped those of the China Welfare Lottery, which saw a modest 3.5 percent year-on-year increase to CNY 224.56bn ($33.3bn).
“Generally speaking, the administrations of the are happy to see the rapid increase of lottery revenues, which means funding for good causes increases accordingly” Dr. Haiping Chen, a researcher at the Lottery Research Centre of China at Beijing Normal University told AGB.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
PUBG will not be able to return to India until at least March 21 as the company has been unable to secure a meeting with government officials to discuss the situation. The game, which previously was distributed in India by Tencent, was one of more than 100 apps banned on national security grounds due to their links to China.
As part of Melco Resorts & Entertainment’s commitment to eliminate single-use plastic (SUP) and its Zero Waste Resorts goal by 2030, the company has installed the Nordaq 2000 Refilling System at Morpheus at City of Dreams, with further plans to implement the system across its entire property portfolio in Macau, including hotels at City of Dreams, Studio City and Altira Macau in 2021.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
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