20 January 2017
Latest Technavio study predicts 4.53 percent CAGR to 2020
The independent research company Technavio reports that its latest study of the currently suspended Chinese online lottery market shows that once freed from government’s restrictions the market has considerable potential.
Technavio predicts that once it is again fully operational the vertical will enjoy market growth of CAGR (Compound Annual Growth Rate) 4.53 percent between 2016 to 2020.
“Although online lottery is banned and stringent regulations have been imposed during the pilot run, it is one of the major sources of revenue for the government. Especially the lottery segment accounts for one the major revenue contributing segments in the overall gambling market in the country,” a press statement from the research company advised.
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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