• 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

Near 50pct in China poll say lottery an investment: report

Jul 18, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Near 50pct in China poll say lottery an investment: report

A survey of Chinese blue-collar workers born from 1990 onwards suggests that nearly half of respondents regard spending money on the country’s official lottery products as an “investment”, but fewer than one in five were willing to spend money on what was referred to as “self improvement”.

A report on the survey was carried on the English-language website of China News Service, an official Chinese news agency.

The study is said to have investigated attitudes toward personal finance among 5,110 blue-collar workers aged from 15 to 25, in 31 cities across the country.

It reportedly found that over half of respondents think personal financing is an act reserved for the rich.

The study was carried out by several parties, including what the report referred to as the “Business School of Ant Financial”.  Ant Financial is the popular name for Zhejiang Ant Small and Micro Financial Services Group, which operates the Alipay digital payments system in China.

The other parties to the survey were Tsinghua Media Survey Lab and what the report referred to simply as “a think tank”.

Chinese businessman Jack Ma owns – alongside connected parties – a total of 86.7 percent of Ant Financial.

Ant Financial in turn owns 40 percent of Ali Fortune, a vehicle that is to be used to take control of AGTech Holdings Ltd, a Hong Kong-listed supplier of equipment, software and services to mainland China’s regulated lottery market.

The purpose of the acquisition is so that the AGTech group will be authorised by Alibaba group subsidiary Taobao (China) Software Co Ltd to operate a “lottery channel” on the Taobao platform, China’s largest online shopping portal.


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

    Jan 22, 2021  

  • Mohegan seeks govt nod to delay Inspire opening
    Mohegan seeks govt nod to delay Inspire...

    Jan 22, 2021  


Latest News

Macau Covid-19 case no bar to mainland travel ties says govt

Macau Covid-19 case no bar to mainland travel ties says govt

Jan 22, 2021  

A newly-confirmed Covid-19 case involving a Macau ID holder brought home on Thursday aboard one of two repatriating flights sanctioned but not chartered by the city’s government, will not put...
Read More
Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Half Kangwon Land staff on mandatory leave until Jan 31

Half Kangwon Land staff on mandatory leave until Jan 31

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

  • 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
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us