|A new website devoted to Chinese gaming has launched, covering Chinese gaming, soccer and lotteries. The site, www.ZC8888.com, includes software that helps predict the outcome of Italian, British and other football games, as well as Chinese lotteries. |
Quite how the software “predicts” lottery results is shrouded in mystery, but you will need fluency in Chinese to find out, as the site is Chinese-language only.
The site is operated by Shanghai Yastock, a wholly-owned subsidiary of Genesis Technology Group Inc. (GTEC). Dr. James Wang, Genesis' CEO and President, commented: “C8888 is the first online proprietary technology to offer predictions for a variety of lotteries to be launched in China. We believe the market for online gaming software has tremendous growth potential in the coming years as China legalizes more aspects of gaming. Moreover, the number of people playing these lotteries has been growing in the triple digits. Many agree that the gaming market in China may become one of the largest markets in the world.”
The amount of money spent on gaming in China has been growing significantly - from $40 million annually two years ago to $200 million per year currently. The number of lottery players in China has grown from 10 million people in 2000 to over 40 million this year. It is expected that over 100 million people will regularly play a variety of lotteries in China over the next couple of years.
Robert Zhuang, President of Yastock, said: 'Since we started beta testing our website three months ago, we've attracted over 40,000 unique visitors. Over 1,000 visitors have signed up for membership and over 100 have paid a fee to become VIP members. VIP members pay between US$10 and $100 per person for a one-year membership. We will market our website via our database of over 30 million emails and via traditional media such as newspaper, radio and TV. We are confident that we can reach our goal of over one million paid members, about 1% of the market, within two years.'