lottery

Mobile gambling in China. What could be hotter? The provider of lottery systems attracts strong outright demand to seal convertible deal.

The Malaysian lottery operator says it intends to transfer its Sports Toto Malaysia unit, which has an indicative value of up to $2 billion, to a Singapore-listed business trust.

Rexlot shrugs off the volatile market to bring the first Asian convertible bond in almost two months.

The highly structured bonds are exchangeable into lottery operator Berjaya Sports and will solve the issue of an intra-group loan that has been a drag on the share price of both companies.