• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Chinese lottery supplier raises half its initial target

Jul 22, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  


Chinese lottery supplier raises half its initial target

DJI Holdings Plc, a licensed distributor and promoter of lottery products to the Chinese mainland market, said it has raised £15 million (US$25.6 million) via a placing of new ordinary shares and the issuance of convertible loan notes.

The shares will begin trading on London’s Alternative Investment Market (AIM) on July 24, the company said in a statement on Monday.

The company said it has raised £9 million through a placing of new ordinary shares and £6 million through an issuance of convertible loan notes. In June, DJI had said in a statement it was seeking to raise £30 million.

The lottery supplier is to be admitted to AIM with a market capitalisation of about £130.5 million, the company said in Monday’s statement.

DJI’s Chinese subsidiaries are licensed to distribute and promote China Sports Lottery and China Welfare Lottery products online, via mobile communications platforms and through retail outlets across mainland China. The company said it wants to capitalise on the growing online and mobile lottery market in China.

“The placing will provide us with funds to support our planned growth and complete some recent acquisitions as well as the resources to invest in a newly signed key partnership with a government-owned partner,” Darren Mercer, DJI chief executive, said in the statement.

“In June we achieved gross sales of in excess of £80m, which reflects the positive impact of the 2014 Football World Cup. After adjusting for this exceptional event, we continue to trade in line with our expectations,” he added.


  • tweet
Related articles
  • 2020 tourist tally down 85pct at 5.9mln: Macau police
    2020 tourist tally down 85pct at...

    Jan 14, 2021  

  • China new penalties for aiding overseas bets from March 1
    China new penalties for aiding overseas...

    Dec 28, 2020  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us