[Roth Capital Report]
 
Disclosure:  LONG EGMI

China’s lottery could topple those of the United States and become the world’s first hundred billion dollar lottery, according to China Center for Lottery Studies at Peking University.

Last year, China’s lottery amassed revenues of just $15.6 billion (105.1 billion yuan), compared to an estimated $45 billion (300 billion yuan) spent on illegal lotteries and around [...]

Electronic Game Card, Inc (sym: EGMI) signed a definitive agreement to partner with China LotSynergy to enter the Chinese Lottery Market.  China LotSynergy has partnered with International Game Tech (IGT), Lottomatica (used to be GTECH), and now EGMI.  This is a very material event for the company and one that could add tremendous revenue and [...]