China-facing lottery solutions provider 500.com has revealed that despite seeing a 51.1% year-on-year drop in revenue during the first half of the year, it was able to significantly reduce its comprehensive loss in the period.
Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) said measures implemented during the novel coronavirus (Covid-19) pandemic led to a decline in revenue for its 2019-20 fiscal year.
The Hong Kong Jockey Club (HKJC) has reported declines in revenue and turnover for its 2019-20 fiscal year, though management hailed the business’ resilience after it managed to avoid race cancellations over the period.
Australian online lottery retailer Jumbo Interactive has reported an 8.7% year-on-year increase in revenue for its 2020 financial year, and is now targeting growth in markets such as the UK, US and Canada as it aims to increase sales to AU$1bn.
The Vietnam Lottery Company (Vietlott) will launch a pilot programme for SMS-based sales of its products in the second half of 2020, after seeing sales in the first half of the year grow to VND2.3tn (£78.9m/€83.6m/$98.9m).
Australian lotteries and gaming giant Tabcorp has completed the sale of new shares to institutional investors through which it raised AU$371m, and now aims to raise a further $229m from retail investors.
Australia’s Tabcorp has seen revenue fall 4.8% in its fiscal year ended 30 June, amid disruption caused by the novel coronavirus (Covid-19) pandemic, with a hefty impairment charge resulting in the operator swinging to a loss for the year.
The Bulgarian National Revenue Agency (NRA) has officially taken over responsibility for the regulation of gambling, after lawmakers voted to abolish the country’s dedicated authority, the State Commission on Gambling (SCG).
Alibaba Group-owned lottery equipment supplier AGTech’s revenue for the first six months of 2020 came to HKD$43.9m (£4.3m/€4.8m/USD$5.7m), down 8.0% year-on-year, though the business reduced its losses for the period by 12.1%.
Lottotech, the operator of Mauritius’ national lottery, was able to remain in profit during the first half of 2020, despite the novel coronavirus (Covid-19) pandemic forcing it to suspend operations from 20 March.
The Good Causes element of lotteries is often overshadowed by the promotion of the opportunity to win life-changing sums. But recent events have shown there are results to be gained from making sure messaging includes both areas. Joanne Christie reports
With nominations for iGB’s Most Influential Women 2020 now open, iGB catches up with those who made last year's Top 10 to find out what they’ve been up to since, as well as get their views on who deserves to feature this year.
The Pennsylvania Lottery generated profits of $1.14bn for programmes that benefit the state’s senior citizens in its 2019-20 fiscal year, the ninth consecutive year in which its contribution has surpassed $1bn.