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Message: Industry Report - Mobile Solutions in China

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Industry Report - Mobile Solutions in China

posted on Nov 25, 05 07:11AM

Dear Pegasus Investors,

The following is an excerpt from the financial times. We feel this is very relevant to the gaming industry, especially for those that offer a mobile option.

Mobile in China

The Financial Times reports that while China is still behind in the overall lottery market (ninth place at the end of 2004), revenues from the lottery have grown by more than 50 percent per year for the last five years.

Technology businesses in China have begun work on making lotteries available on mobile phones. China lottery company China Gloria Lotteries is working with the Sports Lottery Administration to begin offering regional sports lottery tickets which can only be bought through mobile devices. China Unicom and China Mobile customers can already check lottery numbers through the SMS system. ``Mobile lottery betting suddenly becomes a viable option for the man on the street without a credit card but who probably does have a mobile phone,” said Simon Miller a British gaming consultant with long experience in the Chinese sports betting market.

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