XcelMobility Inc (XCLL)

[Monroe1]

A big time player getting a piece of the action... it is coming folks.


“As the lottery market continues to change, and the regulatory framework evolves, we believe that this partnership will be ideally positioned to successfully participate in China’s bright lottery industry future.”

“We are pleased to join forces with global lottery industry leader IGT,” added Huang Shaowen, Chairman of Telling Telecommunication Holding Co., Ltd. “By working together, we will bring the world’s most advanced technology, games, and operational best practices to China, enrich players’ experiences, help advance the Chinese lottery industry into a new era, and enhance its contribution to China’s social welfare.”

In addition, the joint venture will have the capability to conduct independent market operations, business development, and technological innovations in China.

Operations will be subject to applicable Chinese regulatory and licensing approvals, and pending those, is expected to be operational in the third quarter of this year.