Chinese on the web lottery 500.com has entered the nyc Stock market, and appears to be winning (Image: Wan Li/China day-to-day)
Investors in Chinese lottery that is online 500.com Ltd. are off to a start that is happy the New 12 months; in the six months since its ny Stock market birth, the value regarding the company has almost tripled from the initial public providing price of $13.
Winning the Lottery Lottery
As the only Chinese lottery company to be listed in the United States, 500.com is one of just a handful of companies set to take advantage of 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 united states.
‘Over the next 5 years it is very clear that the Chinese market will continue steadily to develop very quickly and also the government regulatory regime becomes 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 through the country, in addition to a nationwide appetite for gambling and advancements in gaming technology. As a result, China’s lottery spending reached $23 billion in 2012, while the U.S. the lottery market that is Continue reading “Chinese Online Lottery 500.com Pays Off Nicely for Investors”