China LotSynergy Holdings Ltd, a provider of technology and services for lottery systems, terminal equipment and gaming products in mainland China’s lottery market, said it has won a bid to supply sports lottery terminals to Shanxi province.
Guangzhou Lottnal Terminal Co Ltd, a subsidiary of the company, will soon sign the supply contract with Shanxi Sports Lottery Administration Centre, the firm said in a filing to the Hong Kong Stock Exchange.
Shanxi’s sports lottery sales between January and November 2014 grew by 83.6 percent year-on-year to RMB3.7 billion (US$595 million), according to official data published this week.
Total lottery sales in mainland China, including welfare lottery sales, reached RMB346.2 billion in the calendar year to November 30, an increase of 24.1 percent compared to the year-prior period.
China LotSynergy earlier this month announced it won multiple lottery terminal contracts to supply sports lottery terminals to Heilongjiang province, Qinghai province and Inner Mongolia Autonomous Region.
The company said it has now expanded its sports lottery terminal business to nine provinces and regions across mainland China.
“The group will continue to penetrate new markets and realise its strategic goal of nationwide expansion,” said China LotSynergy.
Sep 21, 2023Fitch Ratings Inc has affirmed the long-term issuer default rating of casino operator Genting Malaysia Bhd at ‘BBB’, an investment grade, according to a memo published on Wednesday. The ratings...
Sep 21, 2023
”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”
Akash Gupta, Shiv Kapoor and Hasira De Silva
Analysts at Fitch Ratings