China Vanguards wins Hebei lottery services contract
China Vanguard Group Ltd said it has obtained the operating rights to provide self-service lottery terminals for the Hebei Sports Lottery Administration Centre. China Vanguard is a Hong Kong-listed company providing lottery-related services to the mainland China market.
The new order is for the Sports Lottery in Hebei province, and includes a sales distribution system. China Vanguard will also install the system “within self-operated and franchise stores,” it said in a filing on Monday.
The Hebei Sports Lottery Administration Centre will pay China Vanguard an undisclosed percentage of total sales generated.
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, according to official data.
China Vanguard’s lottery-related business covers 18 provinces and regions in mainland China, the company said. “The board is encouraged by the latest progress of the lottery business,” it added.
Earlier this month, the firm said it had secured lottery related deals in Chongqing city and Shandong province.
Related articles
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Partners
Most Popular
Sands China sixth Macau op to pledge staff extra payment January 21, 2021 
Londoner Macao first phase launch Feb 8 says Sands China January 21, 2021 
Wynn and Melco also flag bonus for Macau staff January 19, 2021 
Investors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021 
Melco likely to take on more debt for expansion: Moody’s January 20, 2021