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If China ever does allow legalized betting on horse racing, the Hong Kong Jockey Club (HKJC) is likely to play a vital role. First, however, it will need to help the industry navigate major hurdles.
China’s two lotteries put in an impressive performance in July, marking their first month of year-on-year growth of 2020.
AGTech Holdings said it has won sports lottery procurement contracts for five more Chinese provinces.
Sales in China’s two state lotteries dropped 41.7 percent in the first half, with the Sports Lottery faring worse than the Welfare Lottery.
AGTech Holdings says one of its units have been awarded a contract for a research, development and operation project for augmented reality products for the China Sports Lottery.
Hong Kong-listed AGTech Holdings said its Beijing AGTech GOT Technology unit has won the tender to supply lottery terminal to the Sports Lottery Administration Center in the Guangxi Zhuang Autonomous Region of China.
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.
The Ministry of Finance reported January lottery sales in Mainland China fell by 10.7 percent year on year to a total of RMB 29.2...
China's lottery sales rose 10.4 percent year on year to 31 billion yuan ($4.7 billion) in August, led by sales of sports lottery tickets. Sales...
Lottery sales in China were RMB 194.3 billion (US$29.3 billion) in the first half of 2016, up 3.5 percent year-on-year. According to data from the...
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