• 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 lottery supplier DJI Holdings narrows first-half loss

Sep 26, 2014 Newsdesk Industry Talk, Latest News, Rest of Asia, Top of the deck  


China lottery supplier DJI Holdings narrows first-half loss

DJI Holdings Plc, a U.K.-based licensed distributor and promoter of sports and welfare lottery products to the Chinese mainland market, posted a loss of £2.3 million (US$3.8 million) for the first six months of 2014, an improvement of 38 percent from a year earlier.

“Increasing revenues and stable costs have led to continuous reduction of the monthly losses through the first half of 2014,” the company said in a filing.

The company started trading on London’s Alternative Investment Market (AIM) on July 24. It raised £15 million via a placing of new ordinary shares and the issuance of convertible loan notes in July.

Gross sales and net revenue in the first half amounted to approximately £134.2 million and £3.4 million respectively, DJI Holdings said. About £2.7 million of the net revenues came in the second quarter of the year, it added.

“Our business has successfully achieved profitability for the first time as a result of the significant growth in our digital business. It has been pleasing to see this momentum in growth and profitability continue into the third quarter,” Darren Mercer, chief executive of DJI Holdings, said in the statement.

Gross sales spiked in June due to the FIFA Football World Cup, pushing the company to its first month of profitability. The month-long tournament helped spur an 83 percent year-on-year rise in market-wide sales of China’s sports lottery in June, according to official data.

“Sales maintained momentum after the World Cup as new players continued to participate in weekly, daily and high frequency draw games in July and August,” DJI Holdings said.

Mainland China’s lottery sales reached RMB247.2 billion (US$40.3 billion) in the first eight months of 2014, up 24.4 percent year-on-year, according to figures from the country’s Ministry of Finance.


  • tweet
Related articles
  • Melco International ends JV for theme park in Zhongshan
    Melco International ends JV for theme...

    Sep 27, 2023  

  • S.Korea aims 2mln China tourists in 2023 amid policy tweaks
    S.Korea aims 2mln China tourists in...

    Sep 04, 2023  

More news
  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  

  • Bloomberry aims to raise up to US$99mln via share sale
    Bloomberry aims to raise up to US$99mln...

    Sep 29, 2023  


Latest News

Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Macau casino operator Sands China Ltd is to add more cultural and tourism elements to the site of the old Iec Long Firecracker Factory and its surrounding areas in Taipa, as part of a government-led...
Read More
Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

S.Korea Daegu Casino fined US$776k for AML breaches 

S.Korea Daegu Casino fined US$776k for AML breaches 

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • International Ent to invest at least US$1bln in Manila IRInternational Ent to invest at least US$1bln in Manila IR September 28, 2023
  • Resorts World Sentosa fined again for AML rule breachesResorts World Sentosa fined again for AML rule breaches September 27, 2023
  • Galaxy Ent to build ice rink, bookshop at Macau old shipyardsGalaxy Ent to build ice rink, bookshop at Macau old… September 28, 2023
  • Events a boon, Citi ups Macau 4Q GGR forecast to US$6.5blnEvents a boon, Citi ups Macau 4Q GGR forecast to US$6.5bln September 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us