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CVG launches Yao Cai ad tech solution as revenue decline continues

18th May 2016 7:31 am GMT

Lottery supplier China Vanguard Group (CVG) has reported a 79 per cent drop in revenue for the nine-month period ended March 31st, following the company’s voluntary suspension of part of its self-service lottery operations.

Revenue during the third quarter fell to just HK$4.3m (€0.5m), down from $55.1m in the corresponding period last year, with revenue for the nine-month period dropping to $25.5m.

“The management is of the view that the voluntary suspension on part of our self-service [...]

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