China's Lotteries Continue To Underperform

Ministry of Finance YTD numbers show a 3.6 percent year-on-year decline in sales

The November 2015 numbers on China's giant lotteries – made up chiefly of the China Welfare Lottery and the China Sports Lottery – have been released by the Ministry of Finance and show a 10.2 percent decline in sales to RMB 30.6 billion (US$4.7 billion) compared with the same month in 2014.

That means that total lottery sales in 2015 to end November were down 3.6 percent year-on-year at RMB 333.8 billion as the crackdown on corruption in China and the country's economic slowdown continue.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts