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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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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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