Lottery news sponsored by Scientific Games

 

500.com Limited, a Ministry of Finance-authorised online sports-lottery vendor in China, saw its shares soar by more than 50 per cent during its first day of trading on the New York Stock Exchange Friday.

Despite a disappointing third quarter performance which saw revenue fall by 24 per cent year-on-year, Germany’s Tipp24 said Wednesday that it is “excellently positioned” to benefit from the growth of the worldwide online lottery market, beginning with a new joint venture in the UK with Geonomics.

China LotSynergy Holdings has developed a new telephone lottery sales system platform for the Shanghai Welfare Lottery Issuance Centre, with Shanghai becoming the third Welfare Lottery sales authority in China to sell lottery products via the telephone.

Canadian provincial lottery operator Loto-Quebec has temporarily removed the Poker Grand Prix game from its online gaming site EspaceJeux.com after a software error led to erroneous payouts to players.

Poland has notified the European Commission of amendments to the country's Games of Chance Act that will enable the state lottery to offer numbers games over the internet.

Italian gaming supplier GTECH has increased its share of the video lottery terminal (VLT) market in the US state of Oregon following the signing of a new supply deal with the Oregon Lottery.

Pennsylvania Governor Tom Corbett has agreed to extend the deadline for Camelot’s proposed bid to take over as the private manager of the Pennsylvania Lottery, despite the State Treasurer Rob McCord this week urging the governor to end what he called the “flawed and wasteful privatization effort.”

Greek lottery and gaming systems provider Intralot has strengthened its relationship with the Taiwan Sports Lottery Corporation (TSLC), securing a ten-year contract to supply the lottery with online and land-based single-event betting services. 

500.com ltd., a Ministry of Finance-authorised online sports-lottery vendor in China, has filed for a $150m initial public offering (IPO) on the New York Stock Exchange.

GIQ Magazine