Lottery sales in mainland China reached RMB178.41 billion (US$28.74 billion) in the first six months of the year, up 19.2 percent from a year before, show data released on July 15 by the Ministry of Finance.
The growth was partially fuelled by a jump of 45.7 percent year-on-year in lottery sales during June, to MOP36.05 billion. That was mostly due to a 83-percent increase in sports lottery sales from the year prior period, to RMB19.24 billion, fuelled by the FIFA World Cup, the Ministry of Finance said. The tournament took place between June 12 and July 13.
Sports lottery sales rose by 24.1 percent in the first half of 2014 in comparison with a year before, reaching RMB79.91 billion. Welfare lottery sales increased by 15.5 percent during the same period, to RMB98.50 billion.
Data from the Ministry of Finance show lottery sales in all provinces of mainland China increased during the first half of the 2014 in comparison with one year before.
Regulated lottery products were first introduced in mainland China in 1987. There are only two lottery operators in the market, the China Welfare Lottery Issuance and Administration Centre and the China Sports Lottery Administration Centre. Both are government-run.
Mar 05, 2021Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Mar 05, 2021
Mar 05, 2021
“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"
Junling Tan, Yu Sheng Tay and Vikas Halan
Analysts at credit rating agency Moody’s Investors Service