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Canada’s ALC writes off $8.7m Geonomics investment

8th June 2015 7:55 am GMT

Canada’s Atlantic Lottery Corporation (ALC) has confirmed that it will write down its CAD$8.7m investment in Geonomics, the location-based lottery games developer part-owned by Tipp24.

The ALC launched the GeoSweep daily draw game to provincial state residents in June 2012, one year after investing in the developer which was known at the time as Roboreus.

The location-based online lottery game offered players the chance to win a top prize of $250,000, with a secondary drawing for the [...]

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