• 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

Tencent seals purchase of China LotSynergy stake

Nov 05, 2014 Newsdesk Industry Talk, Latest News, Rest of Asia  


Tencent seals purchase of China LotSynergy stake

Tencent Holdings Ltd, a firm that controls some of the most popular online social media platforms in mainland China, has completed a subscription – via a wholly held unit – to 594,034,513 shares of lottery technology firm China LotSynergy Holdings Ltd.

China LotSynergy supplies digital technology and services for mainland China’s official lotteries

As a result of the share issue exercise, Tencent’s unit, Hongze Lake Investment Ltd, now holds approximately 7 percent of the issued share capital of China LotSynergy, the latter company said in a filing to the Hong Kong Stock Exchange on Tuesday.

Hongze Lake also has an option to subscribe to a further 273,140,969 new shares. An earlier China LotSynergy filing on October 16 said that the option, if exercised, would push the Tencent unit’s stake to 9 percent.

The October 16 filing said Hongze Lake paid HKD445.5 million (US$57.4 million) or HKD0.75 per share, a discount of approximately 11.8 percent to the closing price on October 13.

China LotSynergy’s shares were up 2.47 percent in morning trading on Wednesday, at HKD0.83 per share by 11.05am.

Tencent provides Internet and mobile value-added services, e-commerce transactions services and online services in mainland China and international markets. The company’s services include QQ and the popular WeChat app, QQ Game Platform for online games, as well as e-commerce services.


  • tweet
Related articles
  • IGT 1Q revenue slightly up y-o-y, on higher gaming sales
    IGT 1Q revenue slightly up y-o-y, on...

    May 11, 2022  

  • Light & Wonder completes sale of lottery biz to Brookfield
    Light & Wonder completes sale...

    Apr 06, 2022  

More news
  • Return of tours good for mass floor traffic: observers
    Return of tours good for mass floor...

    Feb 03, 2023  

  • S.Korea casino op GKL’s January sales up 230pct y-o-y
    S.Korea casino op GKL’s January...

    Feb 03, 2023  


Latest News

Return of tours good for mass floor traffic: observers

Return of tours good for mass floor traffic: observers

Feb 03, 2023  

The imminent return of package tours from mainland China will not only help boost Macau’s tourism businesses, but is also expected to help casinos gain more foot traffic in their mass gaming...
Read More
S.Korea casino op GKL’s January sales up 230pct y-o-y

S.Korea casino op GKL’s January sales up 230pct y-o-y

Feb 03, 2023  

Aristocrat completes acquisition of Roxor Gaming

Aristocrat completes acquisition of Roxor Gaming

Feb 03, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are confident that the Philippine gaming sector will be able to fully recover, or even surpass its pre-pandemic earnings soon”

Alejandro Tengco

Chairman and chief executive of Pagcor



Most Popular

  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Mainland tour groups to Macau to resume Feb 6: govtMainland tour groups to Macau to resume Feb 6: govt February 3, 2023
  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Aruze Gaming America opts financial rejig after legal matterAruze Gaming America opts financial rejig after legal matter February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us