We all know Chinese love gambling. Hosen is definetely in the right industry.

1) China lottery market has grown expontentially at a sales CAGR of 55%

2) China may emerge to be the world?s 2nd largest lottery market after the US by 2010. China?s lottery market is projected to grow at CAGR of over 30% in the next few years. With government support, we expect to see more interesting games, expansion in distribution networks and increases in payouts. All these come to a single motive, to attract the public to play lottery rather than illegal gambling.

It is also ahead of its peers in terms of technology, given that it is the first and only patented cutting edge cashless lottery game terminals using local ATM bank cards (stringent tests passed by relevant authorities including Peoples Bank of China-Central Bank). Definetely a step towards promoting automation and digitalization of the industry.

The advantages of cashesless sytems allows

1)24hrs operation as compared to the traditional lottery  kiosk

2)Less risk for customers as they do not have to carry cash

3)Auto debit of lottey payment and auto crediting of winners to customers bank cards

4)Reduces operational and settlemetn risks  with cashless settlements

5)Reduce fraud incidents should one buy from a traditional lottery kiosk

6)Wider geographical coverage and also effectively tackles illegal gambling