• 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

DJI slims loss, confirms China lottery online sales ban

Jun 16, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


DJI slims loss, confirms China lottery online sales ban

DJI Holdings Plc, a licensed promoter and distributor in mainland China of sports and welfare lottery products, significantly narrowed its basic loss per share in 2014 as its consolidated gross sales leapt more than 2,700 percent.

DJI provides Chinese lottery products to third party retailers in China, and to Chinese consumers, via online and mobile communications technology.

DJI’s 2014 numbers were the first full year of results since a July 2014 initial public offering for the business, which is listed on the London Stock Exchange’s Alternative Investment Market.

The company on Tuesday reported a basic loss per share of GBP0.034 (US$0.053) in the 12 months to December 31, compared to a basic loss of GBP0.064 per share in the year-prior period. Its operating loss closed to GBP2.4 million, from GBP7.2 million a year earlier. The company’s before-tax loss in 2014 was GBP3.0 million.

The business produced consolidated gross sales of GBP642.4 million, compared to just GBP22.2 million a year earlier. Revenue grew by more than 12 times, to GBP13.4 million, from GBP1.1 million in the year-prior period.

DJI Holdings said highlights of the trading year included a joint venture agreement with Xinhuatong Software Development (Beijing) Co Ltd, which gave it access to a “large online and mobile customer base”.

Other milestones included what DJI Holdings said was “successful integration” of two lottery ticket fulfilment businesses acquired in the fourth quarter 2013 and “subsequent acquisition of specialty online sports lottery consumer business in the first quarter of 2014”. DJI Holdings had also further developed its direct-to-consumer web and mobile lottery ticket sales business during the 12 months to December 31, it stated.

The firm noted in its filing however, referring to market wide action by the Chinese authorities influencing business in 2015: “Temporary suspension of online sales continues, while regulatory review progresses in China.”

A series of Chinese government announcements starting in late February and ending in early April progressively limited and finally suspended until further notice all online sales of government lottery tickets pending a review of the regulatory framework for such sales.


  • tweet
Related articles
  • Mainland China lottery sales down 12pct in November
    Mainland China lottery sales down 12pct...

    Jan 06, 2020  

  • Mainland China lottery sales decline continued in July
    Mainland China lottery sales decline...

    Sep 03, 2019  

More news
  • Melco likely to take on more debt for expansion: Moody’s
    Melco likely to take on more debt for...

    Jan 20, 2021  

  • Visitors stayed longer in Macau in 2020, says govt
    Visitors stayed longer in Macau in...

    Jan 20, 2021  


Latest News

Melco likely to take on more debt for expansion: Moody’s

Melco likely to take on more debt for expansion: Moody’s

Jan 20, 2021  

Moody’s Investors Service Inc says it expects the ratio of adjusted debt to earnings before interest, taxation, depreciation and amortisation (EBITDA) of Macau casino operators Melco Resorts and...
Read More
Visitors stayed longer in Macau in 2020, says govt

Visitors stayed longer in Macau in 2020, says govt

Jan 20, 2021  

Suntrust gets OK for unit handling hotel, tourism biz

Suntrust gets OK for unit handling hotel, tourism biz

Jan 20, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The increased focus we can now bring to our gaming and amusement business [after a spin-off of the firm's cash-handling product business] will bring us closer to the customer as we align our offerings more directly with their needs"

Sim Bielak

Global president of casino equipment supplier SuzoHapp



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 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
  • Wakayama casino RFP deadline affirms still 2 suitorsWakayama casino RFP deadline affirms still 2 suitors January 18, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us