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Chinese On Line Lottery 500.com Pays Off Well for Investors

Chinese on the web lottery 500.com has entered the ny Stock Exchange, and seems to be winning (Image: Wan Li/China Daily)

Investors in Chinese online lottery platform 500.com Ltd. are off to a start that is happy the New 12 months; within the six months since its New York Stock Exchange birth, the value for the company has almost tripled from its initial public offering cost of $13.

Winning the Lottery Lottery

As the only Chinese lottery firm become listed in the United States, 500.com is one of just a handful of companies set to benefit from the Chinese government’s whittling down of thousands of private lottery operators, because they license and regulate the industry to just a little number of businesses. Every one of these will ultimately be vying for a prospective market of over 400 million lottery players in the nation.

‘Over the next five years it’s very clear that the Chinese market will continue steadily to develop quickly while the federal government regulatory regime becomes more open and transparent,’ explained 500.com’s primary financial officer Zhengming Pan.

China’s lottery market has flourished remarkably in recent years, many thanks to a rise in disposable earnings through the country, in addition to a appetite that is national gambling and advancements in gaming technology. Because of this, China’s lottery spending reached $23 billion in 2012, while the U.S. the largest lottery market in the […]

Canadian Lottery Winner Donating Entire Jackpot to Charity

Recent lottery that is canadian Tom Crist shown here with his now-deceased wife Jan was in a charitable mood after getting a phone call from the Western Canada Lottery Corporation

Even although you were to win a big jackpot if you don’t play the lottery very often, we’re sure that you’ve imagined what you would do. We’ve all show up with answers to that question on our own: just what we’d buy, how we’d spend, sufficient reason for which of our friends and family members we would share our newfound wealth. Many of us would also give some portion of our winnings to charities that are important to us however it’s difficult to imagine most people being almost as generous being a lottery that is recent in Canada has turned out to be.

Quite a Golf Game

Winner Tom Crist ended up being on vacation in California when he received a call from the Western Canada Lottery Corporation, alerting him to your reality that he had just won a $40 million (US$37.5 million) jackpot into the Lotto Max drawing the largest in the history associated with the WCLC lotteries.

Normally, lottery winners do not learn about their winnings via a phone call. But Crist who was simply playing golf in Palm Springs at the time ended up beingn’t a lottery player that is typical. He had been on a registration plan with the lottery that automatically purchased tickets for him for each drawing. The WCLC examined his figures automatically, and since […]