MelcoLot

    MelcoLot Limited is a Hong Kong-based investment holding company principally engaged in the provision of services and solutions for distribution of lottery products and the trading of lottery terminals.The Company provides lottery-related technologies, systems and solutions to China Welfare Lottery Issuance Center and China Sports Lottery Administration Center. It provides game upgrading technologies and system maintenance services in Chongqing for the rapid-draw game, Shi Shi Cai.The Company is also involved in the manufacture and distribution of lottery terminals and parts. The Company operates businesses in China.

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    MelcoLot confirms name change

    Lottery service provider MelcoLot has confirmed it is changing its name Loto Interact, with effect on October 10, 2017. The chinese name has also been changed, as well as the website of the company, which will be changed from melcolot.com to lotoie.com. The stock code of the company will remain the same. In August, the […]

    MelcoLot mulls rebranding

    Lottery supplier MelcoLot is proposing a change to its english name to Loto Interactive Limited, in a move to provide the company with a more “appropriate corporate image.” In June, 500.com Ltd completed its acquisition of a controlling stake in MelcoLot. MelcoLot says the proposed new name “will better reflect the future business plans and […]

    MelcoLot records narrowed loss in 17H1

    Lottery provider MelcoLot reported a narrowed loss of HK$6.3 million for the six month period ended June 30, attributed to a decrease in employee benefits costs. The group, which is engaged in the provision of lottery-related technologies and solutions to China’s lottery market saw total revenue decrease 70 percent in the six month period to […]

    MelcoLot shuffles board, executive management

    MelcoLot has announced the appointment of a new chairman and chief executive officer, effective July 10, 2017. According to a filing from the company on Monday, Mr. Pan Zhengming has been appointed as the chairman of the board, replacing Frank Tsui Che Yin, while Mr. Wang Bingzhong has been appointed as the chief executive officer […]

    500.com completes acquisition of MelcoLot stake

    Sports lottery provider 500.com Ltd has announced it has completed the acquisition of a 40.65 percent stake in MelcoLot Ltd, according to a joint filing to the Hong Kong Stock Exchange on Tuesday. The acquisition was first announced on May 29, 2017, with 500.com planning to acquire 1.3 billion shares in MelcoLot for approximately HK$322.2 […]

    500.com to acquire 41 pct of MelcoLot

    Sports lottery provider 500,com Ltd. is buying a 40.65 percent stake in MelcoLot Ltd. for approximately HK$322.2 million (US$41.3 million) through a share purchase agreement, according to a press release from the lottery operator on Tuesday. The total consideration for the share sales is equivalent to approximately HK$0.252 per sale share. The recent announcement follows […]

    Melcolot shareholder in talks of exiting

    The controlling shareholder of lottery service provider Melcolot Ltd is reportedly in talks for the possible sale of its stake in the company, a filing from MelcoLot states. The news has sparked “unusual price and volume movements”, but MelcoLot says the sale is under no legally binding agreement, and thus there is no guarantee that […]

    MelcoLot reports narrowed loss in 17Q1

    Lottery service provider MelcoLot Ltd. recorded a narrowed loss of HK$2.2 million (US$282,600) for the three month period ended March 2017, compared to a loss of HK$5.2 million for the same quarter in 2016. In a Hong Kong Stock Exchange filing, the company noted the narrowed loss was mainly due to to a decrease in […]

    MelcoLot posts narrowed net loss

    MelcoLot says it saw a 36 percent improvement in profit/loss for the first nine months of 2016, posting a narrowed net loss of HK$16.7 million ($2.1 million). In a filing to the Hong Kong Stock Exchange, the lottery provider generated revenues of HK$53 million in the nine month period ending September 30, 2016, up 56 […]

    Melco Lot posts narrowed loss in 16H1, says challenges remain

    Chinese lottery services provider MelcoLot Ltd. posted a narrowed loss of HK$12.4 million ($1.5 million) for the first half of 2016, compared to HK$19.3 million in the 15H1. According to the company’s filing to the Hong Kong Stock Exchange, the group’s revenue amounted to HK$34.0 million, an increase of 41 percent year-on-year from HK$24.1 million. […]

    Melcolot terminates share deal following Catalonia delays

    HK-listed MelcoLot Ltd and Melco International Development Ltd have announced it will terminate a share purchase agreement relating to its casino project in Catalonia, in Spain. In a joint filing to the stock exchange on Tuesday, the two companies said that given the delays in the overall timetable for the tender process, timeline for the […]

    Chinese lottery operator MelcoLot reports net loss of HK$35.9 million

    Chinese lottery services provider MelcoLot Ltd reported a net loss of HK$35.9 million (US$4.5 million) for the year ended Dec. 31, 2015, representing a 45.1 decrease compared to a loss of HK$60.4 million in 2014. The lottery operator reported increased revenue for the year at HK$57.2 million, up 26.3 percent compared to HK$45.3 million for […]

    MelcoLot drops Georgia casino project

    MelcoLot said its plans for a casino in Georgia will not proceed after failing to reach accord over a prospective site. The company said it has been negotiating with Dhabi Group Georgia over a potential lease. “Although every effort has been made to negotiate with Dhabi on the lease terms, the parties are unable to […]

    MelcoLot posts 9 month HK$26 million loss

    Lottery operator MelcoLot Ltd, a subsidiary of Melco International Development Ltd and chaired by Lawrence Ho, accrued losses of HK$26 million ($3.35 million) for the nine-month period ended 30 September 2015. The group achieved total revenue of HK$34.0 million ($4.38 million) compared with HK$34.4 million for the same period in 2014, representing a decrease of […]

    MelcoLot to go solo on Spanish project

    MelcoLot said it will proceed with a plan to tender for a casino license in Spain’s Catalonia region without its partner Veremonte. MelcoLot has terminated its co-operation with Veremonte in relation to the tender, however the company remains interested in participating in the second phase of the tender process and is exploring cooperation with other […]

    Melco International sees steep drop in profit in 15H1

    Melco International reported profit attributable to owners of HK$111.1 million (US$14,.3 million) for the six month period ended 30 June 2015, down from HK$907.6 million year-on-year. Basic earnings per share was HK7.2 cents for the period compared to HK58.9 cents per share in 14H1. The company said its core gaming business operated through its major associate […]

    MelcoLot revenue up 7 percent in first six months

    Melco Crown subsidiary MelcoLot announced that total revenue amounted to HK$24.1 million ($3.1 million) in the first six months of the year, up 7 percent year-on-year, while also releasing an update on its casino plans in Georgia and Spain. The company, which is in the Chinese lottery business, said revenues generated from the sales of […]
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