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China LotSynergy eyes online expansion as unpaid VLT income dents H1 results

30th August 2016 6:53 am GMT

China LotSynergy Holdings has seen first half turnover slump by 81.5 per cent to HK$96.6m after being unable to recognise any revenue from its video lottery terminal (VLT) business.

The supplier had an exclusive contract to supply VLTs to the China Welfare Lottery (CWLC), but this long-running contract expired on June 28th, 2015.

China LotSynergy explained that it did not receive notification from the lottery regarding any suspension of Welfare VLT sales after the [...]

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