Lottery and sports betting company Sociedade de Lotarias e Apostas Mútuas de Macau, yesterday released its financial report for last year. The company made more than MOP224 million in profit, up 22.1% compared to last year.
Management at the company attribute the profit to the introduction of more diverse types of betting, including betting on the number of corner kicks and bets relating to first-half results. It plans to invest in IT infrastructure upgrades and sports-related news services.
The company, more commonly known as Macau SLOT, published its balance sheet in the Official Gazette yesterday. It holds a little over MOP348 million worth of fixed assets, including MOP21.3 million in tangible assets and MOP17.7 million in intangible assets. The company also holds MOP309 million of long- term investments.
Macau SLOT holds nearly MOP614 million worth of current assets, of which approximately MOP584 million is liquid.
Meanwhile, it has slightly more than MOP600 million in rights and interests. Its debts totaled MOP361 million. Staff reporter
No Comments