GREY:CTORF - Post by User
Post by
warrenbuffet99on Nov 08, 2001 12:51am
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Post# 4381870
Read & Relax
Read & RelaxAs China's booming economy experiences a major upswing in growth, so does the
demand for recreational activities, fuelled by an increase in the average consumer
income. This has created a major interest in the countries' sports lotteries. In view
of this fact, Creator Capital Limited (CCL) has acquired a number of additional
lottery operations in China, which include sports, Olympic and soccer lotteries.
With regard to other regions of Asia mentioned in the previous release, CCL's Asian
representatives are in discussions with the Vietnamese government to create similar
lottery operations in Vietnam (population 70 million). To date, Vietnam has not had a
lottery system, thus CCL's proposed operation would be the first such introduction.
CCL will also be presenting a similar proposal to the Malaysian government to set
up sports lottery operations within that country (population 30 million).
An essential component of CCL's strategic business plan includes participating in
these types of revenue-producing opportunities as the need for large amounts of
capital investment in research and development or the acquisition and maintenance
of inventories is not required.
Initial indications show that CCL's primary Chinese interests are being very well
received.
CCL has also received further inquiries regarding the Sky Games interactive gaming
system. This interest is significant, in view of the current financial state of the airline
industry.