Chinese lottery Wing Hing will be able to operate the betting games for the until December 2020.<\/p>\n\n\n\n\n\n\n\n
China.- The Financial Services Bureau (DSF) has given a 12 month licence extension to Sociedade de Lotarias Wing Hing Limitada, meaning the company can continue to offer betting games until December 31, 2020.<\/p>\n\n\n\n
According to a statement published in the Official Gazette, the company will have to pay a MOP500,000 (US$61,965) for the extension.<\/p>\n\n\n\n
Wing Hing has operated lottery games since 1990. In 2004 the company was authorised to explore lottery betting by phone and online betting. The concession contract has been renewed annually since 2010.<\/p>\n\n\n\n
Information provided by the\u00a0Gaming Inspection and Coordination Bureau (DICJ) revealed a total of MOP39 million (\u20ac4.3 million) was wagered on Chinese lotteries in Macau in the first nine months of last year, with Wing Hing generating some MOP10 million (\u20ac1.2 million) in revenue during the period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chinese lottery Wing Hing will be able to operate the betting games for the until December 2020.<\/p>\n","protected":false},"author":2,"featured_media":2389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sociedade de Lotarias Wing Hing Limitada has secured a 12-month extension for its Macau betting games license, valid until December 31, 2020, for a MOP500,000 fee. This annual renewal of its concession contract, ongoing since 2010, underscores the established regulatory framework. The operator's MOP10 million revenue from MOP39 million wagered on Chinese lotteries in the first nine months of the prior year highlights its market position within this specific gaming vertical.","focusai_entities":"Sociedade de Lotarias Wing Hing Limitada, Wing Hing, Financial Services Bureau (DSF), Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"China, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Concession Terms?","query":"Given the annual renewal cycle, what are the anticipated long-term regulatory and financial implications for lottery concessionaires in Macau, particularly concerning potential shifts in concession terms or duration beyond 2020?"},{"label":"Market Share Analysis?","query":"How does Wing Hing's MOP10 million revenue from MOP39 million wagered in the Macau Chinese lottery vertical benchmark against other licensed operators, and what does this indicate about market concentration and competitive dynamics?"}],"footnotes":""},"categories":[160,16338,156],"tags":[227,3573,337],"class_list":["post-2385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-regulation-news","tag-china","tag-lottery","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2385"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2385\/revisions"}],"predecessor-version":[{"id":2405,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2385\/revisions\/2405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2389"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}