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500.com acquires stake in lottery supplier MelcoLot

30th May 2017 8:56 am GMT

Chinese lottery solutions provider 500.com has agreed its second acquisition in as many weeks with a deal to acquire a 40.7 per cent stake in rival lottery supplier MelcoLot for HK$322.2m (€37.1m).

MelcoLot is a division of Melco International Development, a company led by chairman and CEO Lawrence Ho which provides a range of solutions to the leisure and entertainment sectors.

MelcoLot is jointly owned by Melco and Greece's Intralot and manufactures point-of-sale lottery terminals, as well as distributing [...]

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