BIT Mining, formerly 500.com, has announced that it will be disposing of its Chinese lottery related business for “nil consideration”.
Five Australian investment banks are reportedly in line to set up what could become the largest IPO on the Australia Securities Exchange, as Scientific Games (SG) seeks to list its global lotteries arm.
The chairman of Tabcorp has told media that his decision to take the helm of the company's lotteries entity does not have to do with a lack of confidence in Tabcorp's wagering and media arm
Gaming Laboratories International (GLI) has named former Montana Lottery Director Angela Wong as Director of Lottery Solutions.
International Game Technology said it had among the best quarterly results in its history in the three months to end March, fuelled mainly by growth in global lottery.
China Ecotourism Group, formerly known as China LotSynergy is seeking to raise as much as HK$220.7 million through an offer of shares to existing investors to raise capital for the group, whose lottery business has been hit hard by the Covid crisis.
Berjaya Group's new CEO Abdul Jalil bin Abdul Rasheed has bought 70 million shares in the company at 28 sen a share and plans to restructure the Malaysian group whose interests span from gaming through to hotels, insurance and cars.
AGTech Holdings said its operating loss narrowed by 32.7 percent in 2020, even though revenue dropped by about 7.7 percent to HK$161.6 million.
Union Gaming analyst John DeCree declared in a note that “IGT's lottery business was once again a shining star in 4Q20. "Globally, sales for instant ticket and draw games increased 8% in 4Q20 following nearly 11% growth in 3Q20."
The Malaysian government has reinstated the number of special lottery draws that can be carried out each year to 22, up from eight last year, to raise extra revenue following the pandemic.