The instant lottery and sports betting concessionaire reported net profits of MOP154.8 million (US$19.3 million) for 2019.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sociedade de Lotarias e Apostas Mutuas de Macau, known as Macau Slot Co., reported a 30 per cent drop in revenue for the year 2019.<\/p>\n\n\n\n
Macau Slot is an instant lottery and sports betting concessionaire that operates soccer and basketball lotteries<\/em><\/strong> in the city. The concession is currently effective until 2021.<\/p>\n\n\n\n According to Macau Business Agency, the company reported net profits of MOP154.8 million (US$19.3 million) for 2019, a drop of 30 per cent on the previous year.<\/p>\n\n\n\n The company\u2019s president Ng Chi Sing said: \u201cLast year, we improved the quality of the service and diversified the types of sports betting, according to the preferences of our customers. We will expand the betting center at Hotel Lisboa to offer a more comfortable experience to our customers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The instant lottery and sports betting concessionaire reported net profits of MOP154.8 million (US$19.3 million) for 2019.<\/p>\n","protected":false},"author":2,"featured_media":7553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau Slot Co., the instant lottery and sports betting concessionaire, reported a 30% decline in revenue for 2019, alongside net profits of MOP154.8 million (US$19.3 million). The company, whose concession expires in 2021, cited service quality improvements and betting diversification, with plans to expand its Hotel Lisboa betting center.","focusai_entities":"Sociedade de Lotarias e Apostas Mutuas de Macau, Macau Slot Co., Ng Chi Sing, Macau Business Agency, Hotel Lisboa","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.8), product_ux (0.7), marketing_crm (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Renewal Strategy?","query":"What specific strategies is Macau Slot Co. implementing to secure the renewal or extension of its sports betting and lottery concession beyond 2021, particularly in light of the 30% revenue decline?"},{"label":"Market Share Impact?","query":"How has the 30% revenue decline impacted Macau Slot Co.'s market share within the Macau sports betting and instant lottery verticals, and what competitive factors contributed to this performance?"}],"footnotes":""},"categories":[16338,155],"tags":[3573,257,233],"class_list":["post-7544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-sports-betting-news","tag-lottery","tag-macau","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7544","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=7544"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7544\/revisions"}],"predecessor-version":[{"id":777009204,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7544\/revisions\/777009204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7553"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}