Lottery Start-Up Opportunities in the Digital Age
“The market is in desperate need of fresh blood and new ideas,” ZEAL Investments Director James Oakes said in an interview with Gambling Insider:
“The opportunity in this market is huge: only 5% of the current worldwide lottery industry, which is worth $300bn, is played online. Businesses who are able to fully digitize and build an online and mobile presence will be able to capture a large majority of this market and dominate.”
UKGC CEO Addresses Lottery Council
Last month, UK Gambling Commission (UKGC) Chief Executive Sarah Harrison spoke at the annual conference of the Lotteries Council, where she discussed, among other things, consumer and participation trends, as well as changing patterns of play:
“We are also continuing to see changes in how people gamble, notably through the growth of mobile and tablet. For example, mobile play amongst society lottery consumers rose from 13% to 18% between 2015 and 2016. Research also showed that online play has increased beyond the early adoption by 18-34 year olds, and is now as prevalent amongst 35-54 year olds.”
ARJEL and Global Lottery Monitoring System Sign Partnership Protocol
The French online gaming regulatory authority, ARJEL, and the Global Lottery Monitoring system (GLMS) have signed a partnership protocol, with the purpose of ensuring the sharing of information related to irregular sports betting patterns between the two organizations that both have in place a surveillance system on sports competitions, European Lotteries reports.
Switzerland’s Loterie Romande Reports “Robust Growth,” as Lawmakers Finalize New Gambling Legislation
After posting a dip in earnings in 2015, the Swiss operator said gross gaming revenues (GGR) last year rose by 5.7% to CHF398 million. Net profit totaled CHF216.8 million.
While Loterie Romande said the draft bill was “consistent and well balanced,” the operator warned against any further amendments that might hinder the progress of non-profit lottery and sports betting companies.
Is Lottoland the Biggest Threat to the Global Lottery Industry?
What is the impact of controversial bet-on-lotteries operator Lottoland on the global lottery industry? “Is Lottoland another Uber, bending the rules to push gaming forward, or have they gone too far and endangered the players the lotteries protect?” US trade publication La Fleur’s asks.
“When coming to Lottoland, customers are looking for something very different to the usual lottery experience. For this reason, and as further explained, we do not see ourselves in direct competition with existing lottery providers—we are attracting a new customer group,” Elicia Bravo Garcia, Chief Strategy Officer at Lottoland says.
Traditional lotteries, however, are often arguing that Lottoland is misleading customers by piggybacking on well-known lottery brands. “For all intents and purposes you will have the same experience as if you had played the official draw,” Lottoland’s own website states.
FDJ Gaming Solutions has agreed to provide sports betting managed services to Swiss gambling operator Loterie Romande.
B2B sports betting service provider Kambi has announced plans to expand its presence in the global lottery sector after being awarded World Lottery Association Security Control Standard (WLASCS) certification.
UK National Lottery operator Camelot has announced a new, comprehensive package of support specifically designed for all of its 28,000 independent National Lottery retailers.
Over 2.8 million people signed up for a special draw of the Dutch State Lottery, which has been organized to compensate past participants for the operator’s misleading advertising practices. Participants in the special draw must waive their claims to any further compensation.
Scientific Games Corporation has unveiled a new, advanced software security system and robotics technology for lottery instant games.
Athens-listed betting and gaming giant Intralot is considering listing its shares on another international stock exchange following the loss of its exclusive contract with OPAP and the struggling economy in Greece. The company also said strategic initiatives taken over the past two years are paying off after reporting growth in revenue and improved profitability in the first quarter of 2017.
Lottery messenger service LottoGopher began trading on Toronto exchange
Investment firm Legacy 8 Gaming has acquired lottery messenger service WinTrillions and its three brands, WinTrillions.com, LottoKings.com and Trillionario.com, for an undisclosed sum.
It appears that the Pennsylvania Lottery will soon receive authorization to sell its products online.
Chinese online sports lottery provider 500.com has followed up on its recent acquisition of a majority stake in Multi Group by purchasing shares in lottery products distributor MelcoLot Limited.
The son of a lottery jackpot winner quit his job, sued his father for money… and lost.