Wednesday, June 29, 2022


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What next for China’s booming lottery sector?


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.

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Hainan liberalization no threat to Macau for now


China’s plans to allow the development of horse racing and to expand sports betting on the southern island of Hainan will not include casinos and th

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IGT Q4 tops estimates


International Game Technology posted better-than-expected Q4 results, helped by a strong performance in its lottery business. Consolidate revenue was

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Lotteries drive NZ gambling expenditure


New Zealanders spent 5.7 percent more in FY 2016/17 on gambling activities, with lotteries claiming a large increase at the expense of pokies, racing,

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Lottoland pledges to fight on after domestic ban


Lottoland, which was barred this week from taking bets on domestic Australian lotteries, vows to press on with its international business in the country and warned that the growing online operations of the incumbents pose a greater threat than it does...

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Poor weather, fewer jackpots weigh on Tatts results


Lotteries and wagering giant Tatts Group posted a 5.7 percent decline in net profit for the financial year ending June 30, 2017, impacted by fewer maj

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Casino reform push gathers steam


The push to legalize casinos in Thailand appears to be gathering momentum, though experts say any reforms are unlikely to have much of an impact on the thriving illegal market, which is estimated at more than $5 billion a year. Academics in the country,...

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IGT posts net loss of $290 mln in 17Q2


Gaming supplier International Game Technology (IGT) posted a second-quarter net loss of $290 million, attributed mainly to a $220 million net foreign

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LRWC gaming businesses drag down 17Q1 net income


Philippine-listed holding company Leisure and Resorts World Corporation (LRWC) saw a decline in net income in the first three months of 2017, due main

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Changing perceptions


Lottery revenues increased 9 percent year-on-year in South Korea in 2016 driven in part by changing player perceptions, but remain low when compared with other OECD countries, signaling room for further growth. A gradually changing perception of the lottery...

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Lottery sales jump 25.4 percent in Feb


Mainland China lottery sales reached RMB 28.2 billion (US$4.1 billion) in February, up 25.4 percent year-on-year, according to the latest data from th

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Korean gambling business is booming


Lottery, casino and horse racing revenues in South Korea expanded sharply in 2016 despite a long-lasting economic slowdown, local media reports. Sales

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NY-listed 500 .com successfully narrowed its net loss in 16Q4 to RMB 5.7 million (US$0.8 million), compared to RMB 109.7 million in the prior year per

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China lottery sales up 7.3 percent in 2016


China lottery sales rose 7.3 percent to RMB 394.6 billion (US$57.5 billion) in 2016, according to data from the Ministry of Finance. Welfare lottery s

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ICE looks east as Asia-focused firms make a splash


Delegates arriving at the ExCeL in London’s East End for the 2017 edition of ICE Totally Gaming at the start of February were greeted by a host of Asian gaming suppliers keen to expand their reach. The main entrance was dominated by advertising from...

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Online lottery key to distribution reform?


Thai government efforts to reform its multi-billion dollar state lottery appear to be making little headway, with experts saying some of the fundamental problems are unlikely to be resolved until an online system is introduced. The military government,...

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Could Sikkim be a role model for India?


The All India Gaming Federation recently conducted a one-day study and panel discussion throwing the spotlight on the tiny state of Sikkim, one of only three in the country where gambling is legal, with participants noting it could be a model for the...

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Comtrade introduces online extension for Bosnia and Herzegovina


Comtrade, the industry-leading company for IT solutions and software engineering services, announces an online extension to Bosnia and Herzegovina's L

Singapore Pools, Turf Club gets go ahead for remote gambling


Singapore locals will soon have a legal means to bet online, after Singapore Pools and the Singapore Turf Club were given the go ahead to run online b

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