Replies to post #2265 on XcelMobility Inc (XCLL)

[Kelke41]

New rules are being announced after the 19th Congress scheduled for the fall. Ban lift shortly thereafter.

[Kelke41]

"...May, 2017...Fast forward two years, China Welfare and Sports Lottery Management Center announced a significant personnel change. This change marked the end of the audit and signaled the resumption of the lottery business. A month later, in June, the Ministry of Finance also appointed the new Chief Director for Lottery, completing the new leadership appointments at the three important divisions, and they are ready to carry out the directives from the top. Many are expecting new policies after the 19th Party Congress in the fall."

This will run fast! $$XCLL$$

[Monroe1]

Remember this? Wow, for a few months until the mobile lottery suspension for corruption we were on a roll. Can't wait until the light turns green again. Then boom.

" A mobile internet application development and marketing firm based in Palo Alto, California has been awarded a sports lottery licence by the Chinese provincial body, the Fujian Administration of Sport and Gaming.

XcelMobility Inc., says the licence it has received permits it to supply sportys lottery services using mobile devices.

Ronald Strauss, executive chairman of the company, said Wednesday:

“We're very excited to receive the Mobile Lottery License. We see this as recognition of our company as a leading mobile lottery provider in China. The new license will allow XCLL to quickly grow our lottery brand and revenues in the fast growing mobile lottery market in China.”

Xcelmobility's mobile lottery business is now fully online and servicing mobile lottery customers in China. Strauss says that the company is currently in discussions with a number of China based lottery game suppliers to provide them with national mobile lottery services.

The Chinese lottery market has experienced strong growth in recent years as a result of positive macro trends in China, such as robust economic growth, increases in disposable income and a more positive shift in public perception towards the lottery business.

Total lottery sales in China are projected to be $61 billion and $73.3 billion in 2014 and 2015, respectively, representing a 21.5 percent and 20.3 percent increase in 2014 and 2015 from their respective preceding years, according to an iResearch Report.

The iResearch Report projected online sales for sports lottery products to be $2.2 billion and $3.2 billion in 2014 and 2015, respectively, representing 47.3 percent and 44.8 percent increase from the respective preceding years.

[Monroe1]

Recent info:
"China has removed two lottery officials from their positions after an investigation produced evidence of corruption, including using their positions to conduct improper sexual relations.

On Sunday, China’s official state news agency Xinhua reported that two high-ranking officials at the Ministry of Civil Affairs’ Welfare Lottery distribution and management center had been dismissed for corruption and violating the Communist Party’s code of conduct."

In June 2015, China’s National Audit Office announced the results of an inspection of lottery administration centers in 18 Chinese provinces that found corrupt officials had embezzled or misused nearly RMB 17b (US $2.8b) in lottery proceeds over a three-year span.

These officials’ tolerance of unauthorized online lottery sales contributed to Beijing’s March 1, 2015 imposition of a ‘temporary’ suspension of all online lottery sales that has now lasted two-and-a-half years. The Ministry of Finance has occasionally hinted that an online reboot was in the offing, but these hints have yet to translate into tangible action.

[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.