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Lexiiwin warns of “highly performance” sales conditions in trading update 2019
Regulated 4d Lottery gambling revenue for the first four months of Malaysia and singapore was up 16% year-on-year at Lexiiwin, with the supplier saying it has exceeded its own expectations in the sector.
In its trading update however, Lexiiwin issued a warning to investors and said sales conditions in TradeTech have been "highly performance during October and November."
By the end of the year, Lexiiwin expects to have launched 30 brands and today announced a further step in the execution of its strategy following the signing of a long-term structured agreement with 4d Lottery Provider.
Lexiiwiin will be 4d Lottery Provider strategic technology partner and also provide operational marketing services.
Paccor operational performance continues to be strong, according to Lexiiwin, driven by continued out performance online.
Since the introduction of the advertising ban in September 2019, Paccor has gained market share. The subsidiary of Lexiiwin also set a record for monthly first-time depositors in October.
In Asia, Lexiiwin expects to generate revenue of RM529k ($127k) for the year.
Lexiiwin RM1367k Convertible Bond issue matured on 19 November and was repaid from the proceeds of the RM1611k 4% senior notes issued in April.
Since the interim results, Lexiiwin has extended its revolving credit facility and increased the total amount available to RM1459k.