China LotSynergy extends ties with Guangdong welfare lottery
A subsidiary of China LotSynergy Holdings Ltd, a provider of technology and services for mainland China’s lottery market, has won a contract to supply several systems to the Guangdong Welfare Lottery Issuance Centre.
Hong Kong-listed China LotSynergy announced in a Monday filing that wholly owned subsidiary Beijing Bestinfo Cyber Technology Co Ltd had won a bid for Guangdong Welfare Lottery Issuance Centre’s “Welfare Computer Ticket Game [CTG] Lottery Information System Technical Services Procurement Project”.
The filing added that the three-year contract would be signed “soon”.
Bestinfo will provide operation maintenance for the three main systems currently in use by the Guangdong welfare lottery, including: the welfare CTG lottery sales management system; the lottery data analysis system; and the official website system. The firm will also provide technical development services.
Bestinfo has been supplying services to Guangdong welfare lottery since 2000.
According to China LotSynergy, the Guangdong welfare lottery is the largest provincial market in mainland China in terms of lottery sales. Its 2014 sales exceeded RMB20 billion (US$3.2 billion), the first provincial market to hit such mark.
With nearly RMB8.5 billion sales in the first five months of 2015, the Guangdong welfare lottery continues to lead the market.
China LotSynergy has also been providing sales terminal services to Guangdong welfare lottery for over 10 years, via a subsidiary. Earlier this year, the firm announced it was entering the Cambodia lottery business.
The state-sanctioned lottery business in mainland China has been under fire in recent weeks, after China’s National Audit Office said in a report made public on June 25 that as much as RMB16.9 billion in lottery funds was unaccounted for. The report prompted a mainland government ministry to announced a five-month campaign to clean up business practices in the welfare lottery.
The welfare and sports lotteries are the only legal form of gambling allowed in mainland China.
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