REXLot Holdings


    REXLot Holdings Limited is an investment holding company. Its subsidiaries are principally engaged in the provision of lottery related system, machines and services to the Chinese Lottery market.The Group is holding a controlling stake in Shenzhen Sinodata Technology Co Ltd (a leading equipment supplier for computer ticket games for Welfare Lottery in China), Guangzhou Latech Technology Co Ltd (which is involved in development and production of sports lottery machines, related operation software system and networks) and Shenzhen Kingsail Software Tech Co Ltd (which is involved in the development and deployment of lottery system for Sports Lottery in China) as well as 50 percent interest in Beijing Guard Libang Technology Co Ltd (the exclusive supplier of scratch card lottery games and system for Welfare Lottery in China). The Company has also set up a subsidiary REXLot Investment (Shenzhen) Co Ltd to focus on lottery distribution business in China.

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    REXlot in talks to sell scratch card business

    China lottery service provider REXlot Holdings says it is currently in talks for the disposal of one of its scratch card lottery businesses. The company announced it had entered into a non-legally binding letter of intent with the intended purchaser on July 29, 2018, with the aim to immediately begin negotiating the transaction agreements. The […]

    Rexlot says Keen Start bond tender to proceed

    Rexlot Holdings says its shareholder Keen Start has received tenders for 75.01 percent of its 2016 bonds and 75.05 percent of its 2019 bonds under a tender offer. Keen Start has offered to buy all or part of the two bond series provided that it received confirmation from holders of more than 75 percent of […]

    Rexlot to raise $600m through share accord, convertible bond

    Rexlot Holdings said it will raise about HK$600 million in net proceeds from a share subscription accord and convertible bond issue. The proceeds from the transaction will be used to repay the company’s existing loans and for general working capital, the company, which is involved in the lottery industry in China, said in a release […]

    Rexlot suffers $53.5 million widened loss in 2016

    Chinese lottery company Rexlot Holdings recorded a widened loss of approximately HK$416.1 million (US$53.5 million) for the year ended Dec. 31, 2016, compared to HK$205.4 million in 2015. Revenue of the group went down 19.4 percent year-on-year to HK$1.3 billion, compared to HK$1.6 billion in 2015. Rexlot said the decline in revenue was mainly due […]

    Rexlot expects loss for 2016

    Lottery system provider Rexlot Holdings Ltd. says it expects to record a net loss for the year ended Dec. 31, 2016, down from a net profit recorded in 2015. “The… expected loss … is primarily attributable to (i) the impairment loss on goodwill and other provisions related to the group’s operating units engaged in lottery […]

    Rexlot reports decline in profit for 16H1

    Lottery system provider Rexlot Holdings has reported a decline in profit for the six months ended June 30, 2016, due to a “challenging operating environment” and a slowdown in the economy. In a filing to the Hong Kong Stock Exchange, the lottery company said profit before taxation declined 73 percent to approximately HK$90.8 million in […]

    Rexlot attributes small dip in profit on online lottery sales ban

    Lottery system provider Rexlot reports drop in profit in 2015, attributing the results on China’s temporary ban on online lottery distribution. Rexlot said its Single Match Games business was the heaviest hit by the ban, which relied on the internet as its major distribution channel. Profit for the year fell 4.6 percent to HK$164.2 million […]

    China online lottery ban hits revenue at DJI Holdings, Rexlot

    China’s ban on online lottery sales has hit first-half earnings at lottery suppliers to the mainland, with Rexlot Holdings and DJI Holdings the latest to report declining revenue. Rexlot Holdings reported that its turnover was HK$848.84 million ($109.5 million) in the first six months of the year, down 7 percent year-on-year due to the suspension […]

    Rexlot to pay final dividend of HK0.80 cent per share

    REXLot Holdings. a lottery company operating in China, announced that the board recommended the payment of a final dividend of HK0.80 cent ($0.10) per share for year ended 31 December 2014.  The final dividend will be payable in scrip form with a cash alternative, the company said. Under the scrip scheme, shareholders qualifying for the final dividend […]

    REXLot Holdings says allegations against company are untrue

    REXLot Holdings Limited said it has reviewed a report containing various allegations against the company and found it to be unsubstantiated and untrue. Without providing details of the allegations, the company said it relates to a notice on June 24 announcing the suspension of trading in the company’s shares. The company said it was waiting […]

    REXLot prepares investors for profit decrease

    Lottery company REXLot Holdings announced that it expects to record a decrease in net profit for 2014 compared to the previous year’s following a suspension of its Internet sales by China’s provincial lottery centers. The company said the decrease in net profit is primarily attributable to the impairment loss of goodwill and intangible assets. “The […]