Whitbread buys Coffee Nation for £59.5m

Whitbread buys Coffee Nation for £59.5m

first_img Tags: NULL Whitbread buys Coffee Nation for £59.5m Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Wednesday 2 March 2011 3:05 am Show Comments ▼ John Dunne center_img Share whatsapp whatsapp Britain’s biggest hotel and coffee shop operator Whitbread it had agreed to acquire self serve coffee bar chain Coffee Nation for £59.5m.Whitbread, which owns Costa Coffee, said the acquisition would enable it to develop a new brand, Costa Express. It is targeting having 3,000 self serve coffee bars across Britain over the next five years. Coffee Nation already has 900 units.The group, which also operates the Premier Inn chain, also said total sales grew 12.4 per cent in the 11 weeks to 17 February.“Our like for like sales are good especially in a challenging economic environment and against tougher comparatives,” chief executive Andy Harrison said.Whitbread, which runs nearly 600 hotels and close to 1,200 coffee shops in Britain, said it anticipated its full year results would be in line with market expectations.The group has cut room prices at Premier Inn to as little as £29 a night, to woo leisure and business travellers trading down from 4 and 5 star hotels.Whitbread has been a consistently strong performer throughout the economic downturn because of the value-for-money focus of Premier Inn and Costa Coffee being viewed as affordable luxury by consumers. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wraplast_img read more

Bank of Japan injects ¥7trn to soothe markets

Bank of Japan injects ¥7trn to soothe markets

first_img Show Comments ▼ Sunday 13 March 2011 11:05 pm Share KCS-content THE Bank of Japan this morning injected a record 7 trillion yen (£53bn) into the money markets to soothe nerves following the devastating effects of the earthquake and tsunami.The meeting’s conclusion was brought forward 24 hours in response to the crisis, in a bid to ensure stability in the markets.The amount, at 7 trillion yen, is unprecedented and much higher than the usual 1 trillion to 2 trillion yen injected in the wake of big market-moving events.“The move is aimed at stabilising financial markets and ensuring smooth fund settlement,” a BOJ official said.The Bank of Japan had already promised “to do its utmost, including the provision of liquidity, to ensure the stability in financial markets and to secure the smooth settlement of funds, in the coming week”.In response to the last tragic earthquake, which hit Kobe in 1995, the Bank cut rates by 0.75 per cent. Yet such easing is not available to the Bank this time, with rates already as low as possible. Bank of Japan injects ¥7trn to soothe markets Tags: NULL whatsapp whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img read more

FACT CHECKER

FACT CHECKER

first_img KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULL Share Thursday 24 March 2011 9:25 pm THE CLAIM: THE SHOCK RISE IN SUPPLEMENTARY TAXES FOR OIL FIRMS FROM 20 TO 32 PER CENT WILL MAKE PETROL PRICES AT THE PUMPS RISEThe chancellor said he will pay for a new fuel price stabiliser and 1p fuel tax cut with a massive hike for companies producing oil in the UK – from the previous 20 per cent up to 32 per cent from midnight yesterday. Will motorists feel the benefit of the new tax scheme, or will oil firms simply pass the extra cost on at the pumps?THE OIL MARKET“The oil market is international, and the producer doesn’t set the price – the buyer does,” Ernst & Young’s energy tax expert Derek Leith told City A.M. “Only an organisation like OPEC or a large oil-rich nation like Saudi Arabia can have any influence on the price, or a surprise event like what’s happening in Libya.”North Sea oil companies don’t produce fuel in nearly enough quantities to influence movements in the wholesale price of oil. Indeed, even if they threaten to halt production altogether in protest, the overall market is unlikely to suffer a big hit.INTEGRATED COMPANIESFirms like BP, which have stakes in every part of the oil business from the first exploration, to refineries, to the garage forecourt, still face stiff competition from the supermarkets when it comes to selling petrol. George Osborne has also pledged to watch firms “like a hawk”?to prevent any furtive price hikes.IMMEDIATE BENEFITRMI Petrol, the trade body that represents almost 6,000 petrol forecourts in the UK, said the combination of the 1p fuel duty cut and the cancellation of the planned 5p inflation-linked rise will take effect at the pumps within a few days. However, it adds that the soaring price of oil has already added 2p to the wholesale price of unleaded petrol this week.THE VERDICTMOTORISTS WON’T FEEL THE PINCH BUT MIGHT BE HIT BY OTHER RISESThe global oil market means a tax in the UK won’t affect the market price of fuel and therefore petrol. However, the chancellor can do little to prevent events in the Middle East continuing to pressure petrol prices. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img FACT CHECKER whatsapp Show Comments ▼ whatsapp last_img read more

Tech stocks push Wall Street higher

Tech stocks push Wall Street higher

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com US stocks finished mostly flat in a choppy session yesterday, as investors bet on strong technology earnings even as JPMorgan Chase’s numbers weighed on other market sectors.Network equipment maker Riverbed Technology boosted the industry and helped buoy the Nasdaq after its quarterly outlook. The stock surged 12.4 per cent to $34.74 (£21.32) on four times the average daily volume over the last 50 days.“This earnings season is an expectation game,” said King Lip, chief investment officer of Baker Avenue Asset Management in San Francisco.He said after Riverbed’s competitor F5 Networks reported poor earnings in January, “analysts pretty much thought companies like Riverbed were going to miss. That’s why you see the strong reaction in their shares today.” F5 shares gained 3.1 per cent to $96.70.JPMorgan Chase shares fell 0.8 per cent to $46.25 after earlier rising more than one per cent. The Dow component beat expectations with its profit, but enthusiasm waned after the bank’s chief executive said in a conference call there would not be another dividend hike soon.“Most people had expected JPMorgan to do well. That was factored in already,” Lip said.In an outline of his budget proposal, US president Barack Obama said he would refuse to renew Bush-era tax breaks for wealthier Americans. A deal to extend those cuts last December propelled the S&P 500 to its highest level in two years.The Dow Jones industrial average gained 7.41 points, or 0.06 per cent, to 12,270.99. The Standard & Poor’s 500 Index inched up 0.25 of a point, or 0.02 per cent, to 1,314.41. The Nasdaq Composite Index added 16.73 points, or 0.61 per cent, to 2,761.52.EMC led tech shares higher after a Goldman Sachs analyst said he expected a better-than-consensus quarter for the top maker of corporate data storage equipment. EMC’s shares gained 3.3 per cent to $26.69.The S&P Information Technology Index added 0.7 per cent.From a technical perspective, the S&P 500 weakened as its daily moving average convergence-divergence, a gauge of short-term relative performance, triggered a “sell” signal for the first time since late March.Investors seem to be looking ahead to the Federal Reserve’s policy meeting in two weeks, according to Bruce Bittles, chief investment strategist of Robert W. Baird in Nashville. The Fed is expected to detail its exit strategy as a $600bn asset-buying programme comes to an end. KCS-content Show Comments ▼ Wednesday 13 April 2011 7:41 pm Share whatsapp Tech stocks push Wall Street higher whatsapp Tags: NULLlast_img read more

GiG CEO demands B2C improvement

GiG CEO demands B2C improvement

first_img GiG CEO demands B2C improvement Companies: GiG Subscribe to the iGaming newsletter Topics: Finance Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Financecenter_img Gaming Innovation Group (GiG) chief executive Robin Reed has vowed to improve the performance of the company’s B2C Gaming division after it saw a dip in revenue and earnings.The gaming services company, which is in the process of switching its listing from Oslo to the Nasdaq Stockholm, secured a 39% jump in overall operating revenues to €36.9m ($42m/£33m) during the three months to June 30, according to results published this morning.Operational costs and marketing expenses led to an almost 12% decline in EBITDA compared to the same period last year, with the company “investing heavily” in new products, enhancements to existing services, regulatory costs associated with entry into the New Jersey and Swedish markets, and commercial activities around the World Cup. Reed (pictured) said the “heavy-lifting” of development is now done and with all GiG’s products – including its new sports betting platform and GiG Comply compliance tool – to be monetisable from September, expects this to be reflected in its future results. “GiG has invested significantly to expand across all verticals of iGaming,” said Reed in a statement.“We are building to become the one-stop shop for every company serious about its iGaming business.“With the majority of the heavy-lifting behind us and the strongest season ahead of us, we should see growth in both revenues and profits in the coming quarters, while working towards our goal of becoming the largest full service company to the iGaming industry.”The company is predicting revenue of up to €162m compared to 2017’s €120.4m, with EBITDA of €16-20m compared to €13.5m in 2017.However, Reed is not content with the performance of the Gaming division, which includes its consumer-facing in-house brands such as Rizk, Guts and Thrills. Revenue of €24.2m was up on Q2 2017, but down by more than €1m compared to the last two quarters. After one quarter of positive EBITDA in Q1, the division saw a €2.8m earnings deficit during Q2.Reed, who has taken over as acting CMO to improve performance, highlighted high marketing-to-revenue ratios, with costs up to 54% of the section’s revenue during the period, compared to 46% in Q1.A strategic review of Gaming has led to the company converting its SuperLenny casino into an affiliate website and a series of new product releases, including an update to Guts, which Reed accepts had been “left behind”. Reed also said the company has considered selling off parts of its B2C division.“I’m not happy [with GiG Gaming] which is why I’ve taken over that,” Reed said in a presentation accompanying the Q2 results. “We have a determined team, but we can do better. It’s not good enough based on the marketing spent.“I will personally ensure this vertical develops. We have seen healthy development in July and August.” 14th August 2018 | By contenteditor Reed focuses on in-house brands as company completes services revamp Email Addresslast_img read more

Clarion Gaming formalises support for All-In Diversity Project

Clarion Gaming formalises support for All-In Diversity Project

first_img14th November 2018 | By Hannah Gannage-Stewart Tags: Online Gambling Topics: People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Clarion Gaming has agreed a strategic partnership with the All-In Diversity Project, enforcing its mission to support under-represented members of the industry.Under the terms of the partnership Clarion brands, including iGaming Business, will provide a platform for the All-In Diversity Project helping to disseminate news, host webinars, and feature the project and related initiatives.All-In Diversity will also have a presence at Clarion Gaming’s leading business to business events including ICE London, which takes place 5-7 February at ExCeL, London, UK.Clarion’s portfolio includes many of the industry’s best known event, training and publishing brands and the business has taken steps recently to publicly advocate its support for a more inclusive industry.Earlier this year, the events company revised its code of conduct including new guidance on gender representation and dress codes for stand staff.Clarion Gaming managing director Kate Chambers said formalising its long-term support for the All-In Project underlines Clarion Gaming’s commitment to diversity and inclusion.“We are delighted to lend our support to the objectives set out by the All-In Diversity Project.  We believe more needs to be done not only to improve access, diversity and inclusion in gaming but in general to modernise the culture of gaming and  better reflect its aims to become recognised as a responsible, technology-led part of the entertainment industry,” she said.Earlier this year iGaming Business ran its first Most Influential Women feature, with founders of All-In Christina Thakor-Rankin and Kelly Kehn making up part of the industry judging panel.Following the feature, All-In ran an event in conjunction with the magazine inviting the Most Influential to discuss the best ways forward in terms of improving diversity, as well as to create a networking forum.Chambers added that she hoped that collaboration “will continue and develop into other events and initiatives.”Thakor-Rankin said: “Clarion Gaming is active throughout the gaming space and is uniquely positioned to connect businesses in every gaming vertical and in every jurisdiction.  The organisation is an ideal strategic partner and will help us to educate, engage and inform businesses of all sizes about the importance of diversity and inclusion in helping to meet commercial objectives and in particular recruit the next generation of talent.”center_img Clarion Gaming formalises support for All-In Diversity Project People Clarion Gaming seals strategic partnership with the All-In Diversity Project Subscribe to the iGaming newsletterlast_img read more

Colorado approves first sports betting licences

Colorado approves first sports betting licences

first_img Colorado’s gambling regulator, the Limited Gaming Control Commission, has approved seven licences and the state’s regulations for sports betting.The seven casinos to receive master licenses are Monarch Casino and Saratoga Casino in Black Hawk, Dostal Alley Casino in Central City and Double Eagle Hotel & Casino, J.P. McGill’s Hotel & Casino, Midnight Rose Hotel & Casino and Brass Ass Casino in Cripple Creek.Each licence allows for both retail sports betting and one online betting skin. Applicants for licenses must pay a $10,000 application fee before applying plus a $125,000 licence fee if approved.Triple Crown Resorts operates Brass Ass, JP McGill’s and Midnight Rose.The Betfred USA Sports arm of bookmaker Betfred agreed a deal in January to offer sports wagering services at the Saratoga Casino, while Australian operator Pointsbet has secured a partnership with the Double Eagle Casino.Read more on iGB North America. Email Address 21st February 2020 | By Daniel O’Boyle Regions: US Colorado Subscribe to the iGaming newsletter Legal & compliancecenter_img Topics: Legal & compliance Sports betting Colorado’s gambling regulator, the Limited Gaming Control Commission, has approved seven licences and the state’s regulations for sports betting. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Colorado approves first sports betting licenceslast_img read more

F1 launches esports series as Azerbaijan GP postponed

F1 launches esports series as Azerbaijan GP postponed

first_img F1 launches esports series as Azerbaijan GP postponed AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address Topics: Sports betting Sports betting 23rd March 2020 | By contenteditor Formula 1 has launched a new esports competition in place of the races that have been postponed as a result of the outbreak of novel coronavirus, as the motor-racing series announced the Azerbaijan Grand Prix as the latest of its events to fall victim to the global pandemic.The F1 Esports Virtual Grand Prix series launched yesterday (22 March), with the Virtual Bahrain Grand Prix running place of the actual Bahrain Grand Prix that had been due to take place on the same day.The series will use the official F1 2019 PC video game, with the debut race using a virtual Sakhir track at a 50% length race with 28 laps. Participants, including current F1 drivers, also took part in a qualifying session to see where they would start on the grid.The F1 Esports Virtual Grand Prix is scheduled to run until May, though if the actual F1 series is still suspended at this time, the esports contest will then be extended. F1 noted that points accumulated in the esports tournament would not go towards scores for the actual F1 season.“We are very pleased to be able to bring some light relief in the form of the F1 Esports Virtual GP, in these unpredictable times, as we hope to entertain fans missing the regular sporting action,” F1’s head of digital business initiatives and esports, Julian Tan, said.“With every major sports league in the world unable to compete, it is a great time to highlight the benefits of esports and the incredible skill that’s on show.”Meanwhile, F1 has announced that its Azerbaijan Grand Prix will not take place as planned on 7 June, due to ongoing concerns over the coronavirus.Officials from the Baku City Circuit said the postponement was agreed after talks with F1, the Fédération Internationale de l’Automobile and the Government of the Azerbaijan Republic.The Baku City Circuit said in a statement: “This comes as a direct result of the ongoing global Covid-19 pandemic and has been based entirely on the expert guidance provided to us by the relevant authorities.”Azerbaijan becomes the eighth race of the year to be postponed or cancelled, after the Australian, Bahrain, Vietnam, Chinese, Dutch, Spanish and Monaco Grands Prix.The next event after the Azerbaijan Grand Prix is the Canadian Grand Prix, which, at present, is scheduled to take place on 14 June at the Circuit Gilles Villeneuve in Montréal. Formula 1 has launched a new esports competition in place of the races that have been postponed as a result of the outbreak of novel coronavirus, as the motor-racing series announced the Azerbaijan Grand Prix as the latest of its events to fall victim to the global pandemic.last_img read more

Roar and WH receive CO licences in latest round

Roar and WH receive CO licences in latest round

first_imgLegal & compliance The Colorado Gaming Control Commission has issued master sports betting licenses to seven venues, including two operated by Century Casinos, as well as online betting licenses to Roar Digital, Smarkets, Rush Street Interactive and Penn National Gaming.The Commission granted master licenses – which allow an operator to work with a licensed retail sportsbook, a licensed online sportsbook or a licensee that offers both – to Century Casinos’ Central City and Cripple Creek properties.In addition, master licenses were granted to the Lodge Casino, Gilpin Hotel Casino and Bull Durham Saloon & Casino and Red Dolly Casino, all located in Black Hawk.The Commission also granted six online licenses, including one to Century Casinos’ partner, Circa Sports. In February, the pair joined forces in a 15-year agreement to launch online sports wagering services in the state.Read more on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 6th April 2020 | By Daniel O’Boyle Roar and WH receive CO licences in latest round Email Addresscenter_img Regions: US Colorado Subscribe to the iGaming newsletter The Colorado Gaming Control Commission has issued master sports betting licenses to seven venues, including two operated by Century Casinos, as well as online betting licenses to Roar Digital, Smarkets, Rush Street Interactive and Penn National Gaming. Topics: Legal & compliance Sports bettinglast_img read more

China lottery sales down 41.7% in first half

China lottery sales down 41.7% in first half

first_img Subscribe to the iGaming newsletter Regions: China Finance Chinese lottery sales fell 41.7% year-on-year in the first half of 2020, after the market suffered significant disruption from the novel coronavirus (Covid-19) pandemic. Email Address Topics: Finance Lotterycenter_img Chinese lottery sales fell 41.7% year-on-year in the first half of 2020, after the market suffered significant disruption from the novel coronavirus (Covid-19) pandemic.Sales for the six months ended 30 June fell to CNY123.90bn (£13.75bn/€15.09bn/$17.69bn), which comprised a CNY59.29bn contribution from the Welfare Lottery (down 39.4%), and CNY64.61bn from the Sports Lottery (down 43.7%).The largest contribution across both lotteries came from digital ticket sales, which accounted for CNY90.22bn of the total, 18.9% below the H1 2019.The biggest decline, however, was reported for video lottery sales, which ended the six month period down 79.9% year-on-year at CNY5.06bn. Prediction-based games – ie, betting – sales also experienced a sharp year-on-year decline, falling 72.6% to 17.08bn.Instant win sales, meanwhile, were down 16.8% at CNY11.49bn, and keno – traditionally the smallest segment – was down 51.1% at CNY37.8m.This followed the market’s strongest showing of the year to date in June, when it recorded a sales decline of just 3.4%. This was by far the lowest year-on-year decline reported in the monthly figures, with every other month badly affected by Covid-19 and the resulting local and national lockdowns.Lottery sales for June totalled CNY33.57bn, of which CNY15.30bn came from the Welfare Lottery (down 3.9%), and CNY18.27bn from the Sports Lottery (down 3.1%).June even saw some verticals report year-on-year growth. Digital lottery sales were up 21.3% from the prior year to CNY22.71bn, while instant win sales rose 30.2% to CNY2.98bn.Predictions-based games (betting), on the other hand, saw sales decline 33.9% to CNY6.36bn, while video lottery sales fell 63.5% to CNY1.50bn. Keno was again the smallest contributor, with sales of CNY12.6m representing a 1.9% decline from June 2019.June also saw 13 provinces across China report growth in sales, of which Xinjiang, Tibet and Shaanxi were the top performers. However, for the six month period, sales were down year-on-year in all provinces. 27th July 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter China lottery sales down 41.7% in first halflast_img read more