(Editors' Note: AGTech trades on the Hong Kong Stock Exchange, symbol 8279, with average daily volume of HK$29 million.)
The Chinese lottery market is currently undergoing massive structural change. The primary driving force behind this is explainable: greed. As of 2013 the total annual market for lottery sales in China stood at RMB 309 billion (per Ministry of Finance statistics). Care to guess how large the underground, unofficial gambling market is? Try RMB 600-800 billion (unofficial estimates). It was just a matter of time before the Chinese government stepped in - it would have never allowed this to continue forever, at least without them taking a much larger cut.
There are two types of legalized lottery in China, which...
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