Chinese online lottery 500.com has entered the nyc Stock Exchange, and seems to be winning (Image: Wan Li/China everyday)
Investors in Chinese lottery that is online 500.com Ltd. are off to a happy begin to the New Year; in the six weeks since its ny Stock Exchange birth, the value for the company has almost tripled from its initial public providing price of $13.
Winning the Lottery Lottery
As the only lottery that is chinese become placed in the United States, 500.com is one of merely a handful of businesses set to gain benefit from the Chinese government’s whittling down of thousands of private lottery operators, because they permit and regulate the industry to just a tiny number of firms. Most of these will ultimately be vying for the prospective market of over 400 million lottery players in the country.
‚Over the next five years it’s very clear that the market that is chinese continue steadily to develop rapidly as well as the government regulatory regime will end up more open and transparent,‘ explained 500.com’s Chief officer that is financial Pan.
China’s lottery market has flourished remarkably in recent years, many thanks to an increase in disposable income throughout the country, and a national appetite for gambling and advancements in myfreepokies.com gaming technology. As a result, China’s lottery spending reached $23 billion in 2012, while the U.S. the lottery market that is largest in the world had been still Pokračovat ve čtení „Chinese On Line Lottery 500.com Pays Off Nicely for Investors“