China reveals misuse of $2.7 billion in lottery funds
China has uncovered widespread misappropriation of 16.9 billion yuan (US$2.72 billion) of funds from its state lottery program, underscoring the extent of official corruption as the country tries to root out graft.
Funds were misappropriated through the buying and building of office buildings and hotels or embezzled, the National Audit Office said in a report on its website.
The state auditor said the irregularities accounted for a quarter of the total of lottery funds received in its 2012 ...
Jun 25, 2015, 8:12 am - Lottery News forum
China's beloved national lottery suspected of massive fraud
China loves its national lottery, but now some very suspicious goings-on with the game has ignited a scandal that's capturing the country's attention.
As in most other places, the drawing for China's lottery the only form of gambling the government allows outside of Macau is televised nationally, conducted by the China Welfare Lottery Issuing and Management Center, an agency of the government.
But something appears to have gone wrong Sunday night, when the drawing for a 50-billion-yuan ($8 ...
Jan 27, 2015, 10:03 am - Lottery News forum
Chinese lottery winner claims jackpot in bear costume
Includes video report
To pick up his giant check worth 520 million yuan (US$84.8 million) in lottery winnings, a Shanxi man disguised himself in a silly cartoon bear costume yesterday morning, providing perhaps the most delightful-looking press conference of the year.
The 520 million RMB issued by Shanxi province's welfare lottery is the third largest jackpot handed out in Chinese history (though not the highest handed to a bear). The winner said that he spent between 20,000 to 30,000 RMB ...
Oct 14, 2014, 7:08 pm - Lottery News forum
Confucius lottery tickets draw ire
Confucius, the ancient Chinese philosopher who prodded his fellow countrymen to seek their fortunes in a decent manner, would now find his portraits and sermons printed on lottery tickets, the only form of gambling allowed by the Chinese government.
Late last month, lottery stands in east China's Shandong province began selling Confucius-themed tickets that carry a top prize of 300,000 yuan ($44,000).
But the tickets have drawn ire from netizens and columnists who claim that putting Confuc ...
Feb 3, 2010, 8:57 am - Lottery News forum
China gets lottery fever after massive jackpot
Water-cooler talk across China has been awash with theories on how to spend a fortune after someone from Henan province won nearly 360 million yuan (US$52.7 million) on Thursday.
The prize is the country's biggest jackpot to date.
Despite the fact that the lucky winner has not yet stepped forward to claim the prize, many have an opinion on how much happiness it might buy.
It's incredible. That was the verdict of 75 percent of the 140,000 people taking part in an online survey yesterday ...
Oct 13, 2009, 10:18 am - Lottery News forum
Record China Lottery winner collects prize in disguise
The Chinese lottery player who won the highest sports lottery, 82.34 million yuan (US $11.76 million), in China's lottery history collected his prize on Sunday under police guard.
On Sunday morning, the lottery winner, who calls himself Lao Yang, arrived alone at the lottery center in Chongqing, the country's largest municipality, disguised in a mask, wig, hat and sunglasses.
The lottery center took additional measures to ensure his security. Staff members opened a secret passage for him a ...
May 6, 2008, 9:32 am - Lottery News forum
Student wins lottery, leaves school
A college student withdrew from school after winning the 5 million yuan ($683,000) jackpot in a lottery in China's eastern city of Nanjing, local media reported on Thursday.
The second-year student at the Jiangsu Maritime Institute, identified by the nickname Yong to protect his identity, was the sole first-prize winner in the Double Color Ball issued by the China Welfare Lottery on Tuesday, the Beijing News said.
After winning the lottery, Yong told his roommates that he would share 2 ...
Dec 30, 2007, 11:23 am - Lottery News forum
GTECH takes half ownership of Chinese lottery firm
Providence, R.I.-based lottery technology company GTECH Global Services Corp., a wholly-owned subsidiary of Italy's Lottomatica S.p.A., has spent $20 million to acquire 50 percent of Tabcorp International Hong Kong Ltd. (TIHK), a Chinese lottery provider.
That 50-percent portion of Tabcorp is being spun into a separate entity and renamed CLS-GTECH Co. Ltd. The new entity is being formed to expand a nationwide KENO system for lotteries throughout China, according to company officials.
Dec 21, 2007, 1:56 pm - Lottery News forum
Chinese Man Hacks Lottery System, Gets Life in Prison
Note to self: Next visit to China, don't try rigging the lottery.
A Chinese lottery ticket seller has been jailed for life for fraud for taking advantage of a system flaw to cash 28 million yuan ($3.76 million) in tickets illegally, state media said Tuesday.
Zhao Liqun discovered the flaw in the Welfare Lottery 3D system in 2005 that let a person buy tickets with the right numbers within five minutes of their being announced, sources at the Intermediate People's Court in Anshan, northea ...
Nov 8, 2007, 2:36 pm - Lottery News forum
Cat picks winning lottery numbers
As the old Chinese saying goes, Kindness often meets with good recompense.
And a Shenzhen resident surnamed Wang has been deeply convinced of that.
Wang, who adopted a homeless cat two months ago, bought a lottery ticket that won him a total of 3,271 yuan ($435). He has his cat to thank. Last week Wang brought his cat with him to buy a lottery ticket.
As Wang was about to buy the ticket, the frisky feline jumped out of his arms and onto the computer keyboard, accidentally choosing Wan ...
Oct 12, 2007, 5:26 pm - Lottery News forum