Kaisheng Holdings announced that it will place up to 52 million new shares at 11.3 yuan per share, raising about 587.6 million yuan. The funds will be used to fund further investments in Russian coastal gaming projects and for general operating capital.

Citi published a report on Kaisheng's current increase in holdings, raising Kaisheng's target price from 19 yuan to 23 yuan. To reflect the increase in value, the earnings forecast for the 2014-16 fiscal year was raised by 24% to 62%. Kaisheng is still the bank's first choice in the global small to medium gambling sector, with a “buy” rating.