10.7 percent drop reported by Ministry of Finance
Mainland Chinese sales of lottery tickets declined sharply in January this year, the Ministry of Finance reports, noting that a year-on-year decline of 10.7 percent was recorded.at RMB 29.2 billion ($4.23 billion).
The decline was attributed to the timing of the Chinese New Year holiday as Welfare lottery sales fell by 10.6 percent to RMB 19.2 billion and Sports lottery sales dropped by 10.8 percent to RMB12.5 billion.
Lotto sales, which make up the biggest sector of both lottery markets, dropped 8.9 percent in the Welfare Lottery and 15.3 percent for the Sports Lottery.
Scratch cards were down 24.7 percent and 21.3 percent respectively.
Welfare VLT sales fell 11.2 percent
The Ministry reported that FY-2016 sales rose by 7.3 percent y-o-y to RMB 394.6 billion.
Online Casino News Courtesy of Infopowa
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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