Chinese online lottery 500.com has entered the ny Stock Exchange, and is apparently winning (Image: Wan Li/China Daily)
Investors in Chinese online lottery platform 500.com Ltd. are off to a happy begin to the New 12 months; into the six weeks since its New York Stock market birth, the value associated with the company has almost tripled from the initial public offering price of $13.
Winning the Lottery Lottery
As the only lottery that is chinese to be placed in the United States, 500 indian dreaming slots online.com is one of only a handful of companies set to enjoy the Chinese government’s whittling down of thousands of private lottery operators, as they permit and regulate the industry to just a small number of organizations. Most of these will ultimately be vying for the market that is potential of 400 million lottery players in the united states.
‘Over the next five years it is extremely clear that the market that is chinese continue to grow rapidly therefore the federal government regulatory regime will end up more open and transparent,’ explained 500.com’s Chief officer that is financial Pan.
China’s lottery market has flourished remarkably in recent years, thanks to an increase in disposable earnings through the country, in addition to a nationwide appetite for gambling and advancements in gaming technology. As a result, Asia’s lottery spending reached $23 billion in 2012, while the U.S. the largest lottery market in the entire w