Lottery news sponsored by Scientific Games

 

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.

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.

China's AGTech has won three competitive tenders in its home market that will see it expand its sports lottery business in the provinces of Zhejiang and Shaanxi  and the autonomous region of Inner  Mongolia.

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.

China’s AGTech has secured approval from the country’s Ministry of Finance to launch a second virtual sports product in the country through its joint venture with Ladbrokes, with Virtual Football set to go live in the Jiangsu province.

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.”

Eight of Italy’s 10 video lottery terminal (VLT) concession holders, including Lottmatica and SNAI, have moved to settle a long-running court case with the Italian Court of Auditors (Corte dei Conti) over alleged violations of the terms of their concession agreements dating back to the opening of the country’s VLT market in 2007.

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.

The Irish government has confirmed that a consortium comprising of UK National Lottery operator Camelot and Irish state-owned postal services provider An Post have been selected as the preferred applicant for the exclusive operation of the National Lottery in Ireland.

GIQ Magazine Digital Edition