Remote lottery opportunities in China

    Published in: Latest IntelligenceFigures released by the Ministry of Finance (MoF) last month reveal that China Sports Lottery revenues were boosted by 83 percent to RMB19.4 billion ($3.1 bn) in June 2014 compared with last year, no doubt benefiting from increased World Cup activity. At the recent World Gaming Executive Summit, John Sun, chairman & CEO of AGTech, stated that World Cup revenues were around six times that of the previous tournament, with some games seeing eight times the revenue. Some sources claim that at least 70 percent of these lottery sales were conducted on the Internet.The Welfare Lottery also increased by 18 percent in June, with total sales of RMB16.8 ($2.7 billion). Overall lottery sales in China for the six months January to June 2014 have risen 19.2 percent to RMB178.41 billion ($28.74 billion).But these are official lottery figures. The illegal gambling market in China is estimated to...

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