Hong Kong-listed Success Universe Group has sold its Chinese lottery subsidiary Honour Rich, citing the ongoing uncertainty in the Chinese lottery market.
Honour Rich had served as an official lottery sales agent in a number of Chinese provinces prior to the suspension of online lottery sales in January 2015.
In the year prior to the suspension the company recorded lottery turnover of HK$201m and a profit of $24.5m, falling to a loss of $20.8m in 2016 on [...]
