Chinese online lottery 500.com has entered the New York Stock market, and appears to be winning (Image: Wan Li/China Daily)
Investors in Chinese online lottery platform 500.com Ltd. are off to a happy begin to the New 12 months; into the six months since its New York Stock Exchange birth, the value of this company has almost tripled from the initial public providing cost of $13.
Winning the Lottery Lottery
As the only lottery that is chinese become listed in the United States, 500.com is one of only a handful of companies set to take advantage of the Chinese government’s whittling down of https://myfreepokies.com/indian-dreaming-slot-review/ thousands of private lottery operators, as they permit and regulate the industry to just a little number of firms. Most of these will ultimately be vying for a possible market of over 400 million lottery players in the nation.
‚Over the next five years it is very clear that the Chinese market will continue to grow very quickly as well as the federal government regulatory regime can be more open and transparent,‘ explained 500.com’s main monetary officer Zhengming Pan.
China’s lottery market has flourished remarkably in recent years, many thanks to an increase in disposable income throughout the country, as well as a appetite that is national gambling and advancements in gaming technology. Because of this, Asia’s lottery spending reached $23 billion in 2012, while the U.S. the lottery market that is largest in the entire wo „Chinese On Line Lottery 500.com Pays Off Nicely for Investors“ weiterlesen