• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

China LotSynergy posts 35.2 pct growth in 1H profit

Aug 20, 2014 Newsdesk Industry Talk, Latest News, Top of the deck  


China LotSynergy posts 35.2 pct growth in 1H profit

Hong Kong-listed China LotSynergy Holdings Ltd posted a net profit of HKD54.9 million (US$7.1 million) for the first half of 2014, up 35.2 percent over the same period last year. The lottery supplier recorded a turnover of approximately HKD460.5 million in the period, from HKD341.6 million a year earlier, it said in a filing on Tuesday.

China LotSynergy is engaged in the provision of technology and services for lottery systems, terminal equipment, gaming products and their operations in mainland China’s lottery market. The principal businesses range from video lottery (VLT), computer-generated ticket games and KENO-type lottery to new media lottery.

The company is the exclusive terminal equipment provider for China Welfare Lottery’s VLT business. It said VLT sales amounted to RMB17.6 billion (US$2.9 billion) in the first half of 2014, a growth of 28.5 percent year-on-year, surpassing the overall lottery industry’s growth of 19.2 percent year-on-year during the same period.

Lottery sales in mainland China reached RMB178.41 billion in the first six months of the year, show data released last month by the Ministry of Finance.

Earlier this month, China LotSynergy announced a new deal with the Shanghai Welfare Lottery Issuance Centre. It also said it had won the bid to supply Sports Lottery terminals for the Zhejiang Sports Lottery Administration Centre.

“The group is slated to maintain its development momentum in the second half of 2014, by fully utilising its partnership resources, promotion of further sales growth, and, based on the enhancement and development of its telephone lottery product…” China LotSynergy said in the statement.


  • tweet
Related articles
  • TransAct quarterly loss widens despite revenue increase
    TransAct quarterly loss widens...

    May 11, 2022  

  • Gaming, fintech drives Everi to record 1Q results
    Gaming, fintech drives Everi to record...

    May 11, 2022  

More news
  • Melco to launch new family attraction at Studio City in June
    Melco to launch new family attraction...

    May 19, 2022  

  • Andrew Lo takes controlling stake in Suncity, Summit Ascent
    Andrew Lo takes controlling stake in...

    May 19, 2022  


Latest News

Melco to launch new family attraction at Studio City in June

Melco to launch new family attraction at Studio City in June

May 19, 2022  

Casino operator Melco Resorts and Entertainment Ltd announced on Thursday that it would launch at the end of June a new, themed zone for “family-friendly” entertainment at its majority-owned...
Read More
Andrew Lo takes controlling stake in Suncity, Summit Ascent

Andrew Lo takes controlling stake in Suncity, Summit Ascent

May 19, 2022  

Okada Manila chair Manuel Lazaro dies aged 87

Okada Manila chair Manuel Lazaro dies aged 87

May 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$403.9 million

Interim normalised profit after tax and amortisation reported by slot machine maker and online gaming content provider Aristocrat Leisure



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us