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China Lottery Sales Down 10 Percent

Wednesday September 30,2015 : CHINA LOTTERY SALES DECLINE
 
Down 10.9 percent y-o-y in August.
 
The Chinese news agency Xinhua reports that lottery sales in the country of US$4.4 billion declined 10.9 percent on a year-on-year basis in August, bringing the decline over the past 8 months to 1.9 percent, according to Ministry of Finance figures.
 
Welfare lottery sales increased by 0.4 percent year-on-year to RMB133.4 billion in the first eight months, while sports lottery sales fell 4.2 percent to RMB109.4 billion.
 
However, officials pointed out that the numbers last year were distorted by a sales boom associated with the World Cup football.
 
Successful lottery regions included the Inner Mongolia Autonomous Region, and the Henan, Fujian, Hebei and Shandong provinces.
 
In related news, the forward march of London-listed Chinese lottery firm DJI Holdings (see previous InfoPowa reports) has been impacted by the continued Chinese suspension of online lottery action.
 
First-half net revenue plunged to GBP 2.1 million from GBP 3.4 million in the same period last year, widening net losses to GBP 3.4 million from GBP 2.3 million in H1-2014.
 
The company said it has been actively seeking to diversify its revenue sources to improve long-term prospects, both in the lottery and non-lottery businesses.
 
The non-lottery activities included the launch and operation of the Heilongjiang Sports Bureau online booking platform for sports facilities and sports equipment hire throughout the province, which is the location of the most popular winter-sports destination in China, with 290 million tourists visiting in 2014.
 
Rexlot Holdings reported similar difficulties, revealing that its turnover in H1-2015 was down 7 percent y-o-y at US$ 109.5 million, and profit before tax declined 23 percent to HK$342.22 million.
 
Beijing halted all online sales from March 1st 2015 due to widespread illegal gambling.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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