Saturday, November 28, 2020

500 com reports US$7.4 million loss for Q3

Troubled online sports lottery operator 500 com reported a US$7.4 million loss in the July to September quarter, based on net revenues of only US$900,000.

Jumbo to provide online software platform for Western Australia lottery

Internet online lottery business provider TMS Global Services, a wholly-owned subsidiary of Jumbo Interactive has signed an agreement with Lotterywest, the Western Australia state government-owned and operated lottery, to provide its online software platform and services for up to the next ten years.

UBS acquires 12.58% stake in Jumbo Interactive through share offering

Investment bank UBS has acquired a 12.58 percent stake in Jumbo Interactive as a result of its accord to underwrite a secondary share offering. 

Digital growth allows Lotto NZ to beat profit projections

The New Zealand Lottery Commission (Lotto NZ) was able to surpass expectations and post a profit during its 2019-20 fiscal year, with a strong digital performance offsetting the impact of Covid-19 on retail sales.

China to end high-frequency lottery sales

China has announced further curbs on the sale of high-frequency lottery products and virtual sports and plans to ban them completely from next year. 

AGTech announces end to two virtual sports lottery games

AGTech Holdings has announced that two of its virtual sports lottery games have been terminated, a football-themed virtual sports lottery game e-Ball Lottery in Jiangsu Province and a motor racing-themed virtual sports lottery game “Lucky Racing” in Hunan Province

Sugal & Damani enters bidding for UK lottery

India's Sugal & Damani Group has entered the bidding for the UK Gambling Commission’s competition to select an operator for the UK National Lottery, the world's sixth largest by sales.
500 .com auditor resigns over disagreement on Japan bribery case

500 .com auditor resigns over disagreement on Japan bribery case

Online sports lottery provider 500 .com has announced that its auditor, Friedman LLP, resigned last week in connection with the Japan bribery case, and...

500 .com resumes its business in Sweden

500 .com has announced that its Malta-based subsidiary The Multi Group has been granted a renewed e-Gaming license for two years for secondary lottery...
Sports drives first 2020 gain in China lottery

Sports drives first 2020 gain in China lottery 

China’s two lotteries put in an impressive performance in July, marking their first month of year-on-year growth of 2020.

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The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
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Macau gaming law revision not likely until late 2021

Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry. 
Suppliers get igaming boost

Suppliers get igaming boost

Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Resorts World Genting

Local VIPs buoy Genting’s Malaysia operations

Behind the sea of red in Genting Malaysia’s Q3 results, analysts found reason for cheer in the performance of its domestic operations, which generated a positive EBITDA of RM541 million ($133 million) in the quarter.

TAB NZ October profit beats budget

TAB New Zealand reported net profit for October of $15.8 million, which was $4.4 million above budget and $3 million above last year. Profit was driven by strong domestic and international racing and by the All Blacks' first international appearance since the Rugby World Cup. 

IPI sees full completion in 2022, workforce permitting

Imperial Pacific International's project director Jing Zhou has outlined a construction timetable for the resort, providing it has enough workers, saying Phase 2 of the hotel tower will be finished by the end of next year, while VIP gaming and the sky level should be finished by April 2022.