Lottoland Signs B2B Deals with Betting Operators
Customers of Unibet, MariaCasino, Bingo.com, and William Hill Australia can place bets on the outcome of the world’s leading lottery draws.
Fredrik Kjell, Head of Gaming at Kindred Group, said, “Kindred is constantly seeking to innovate and we’re hugely excited to be the first operator to offer Lottoland Solutions’ new turnkey lottery betting B2B service to our players.”
“Lottery betting is a small stakes high jackpot product so has the advantage of being profitable without cannibalizing existing behavior. We have a portfolio of 30+ products and a roadmap of innovation being implemented to further grow the genre,” Lottoland Solutions Director Michael Bogie added.
First International Anonymous Blockchain Lottery Goes Live
True Flip, which claims to be the first international anonymous blockchain lottery based on open source code, has recently started its first token crowdsale:
“True Flip’s goal is to solve these issues by providing a decentralized, fair and audit-friendly lottery platform. It is creating a more inclusive environment in which power shifts from the organizers to the lottery players.
This prowess is achieved by leveraging Blockchain’s capabilities. On the True Flip platform, the drawing of the winning lottery numbers is based on the random hashes of Bitcoin’s blocks. The code behind it is open source and available on GitHub.
All the other lottery processes such as the ticket purchase, the prize fund composition or the prize distribution are planned to be decentralized in the future, by also transferring them onto the Blockchain.”
Should Lotteries Even Target Millennials?
During the second day of the World Gaming Executive Summit, Marcus Geiss, CEO of Navidad Foundation, shared his viewpoint that millennials, contrary to established wisdom, should not be the target group of lotteries:
“Gambling is entertainment, lotteries are a dream […] As we become older, we move away from spending money on entertainment and start spending on the dream, for our kids, for our family. As we get older, lottery becomes an interesting product. I think this will continue [to be the case] in the future.”
Italian Lotto License Tender to Be Disputed at European Court of Justice
The award of a single Italian Lotto license will have an unexpected follow-up before the European Court of Justice with an uncertain outcome, gaming lawyer Giulio Coraggio writes.
The ECJ will rule on whether the following is compliant with EU principles of freedom of establishment and of providing services, as well as of the principles of non-discrimination, transparency, freedom of competition, proportionality and consistency:
- A single lotto license.
- A minimum auction price which is disproportionate compared to the required economic, financial and technical organizational capabilities provided by the tender rules.
- A rule requiring successful applicants to choose between acquiring the license or continuing current gaming activities.
The Global Lottery Monitoring System (GLMS) has named a new executive committee.
Bet-on-lotteries operator Multilotto has acquired a remote operating license from the UK Gambling Commission.
UK National Lottery operator Camelot has launched a strategic review following an 8.8% decline in National Lottery sales, compared to the previous year. Both retail and digital sales decreased, with mobile being the sole outlier, rising £23.8m to a record £619.3m.
Technology has played a major part in the unprecedented growth of the lottery sector in Kenya.
Next week, from July 18, the Lottery Academy offers a three-day course, providing insights into the commercial, operational and regulatory aspects of the lottery industry.
Scientific Games has completed the acquisition of long-time business partner Lapis Software Associates. “The acquisition of Lapis Software Associates expands our suite of value-added retail products, accelerates the development of new innovations, and positions our offerings to be the most agile and comprehensive toolset for lotteries and retailers to improve performance,” Pat McHugh, senior vice-president, global lottery systems at Scientific Games, said.
International Game Technology (IGT) has been awarded a seven-year contract with the West Virginia Lottery.
After a Dutch lottery player told the Postcode Loterij he no longer wanted to pay for his tickets by direct debit, the operator automatically canceled his subscription. Opting for a different payment method is, however, not the same as ceasing to participate, with the result that the player eventually won €31,875, despite not having paid for his ticket.
The UK Gambling Commission has fined Lottoland £150,000 for failing to make clear to consumers they were betting on a lottery outcome rather than participating in the draw itself.
Lottery betting operator Lottoland has sold its stake in Australian online lottery re-seller Jumbo Interactive, barely two months after it acquired the shares.
Loto-Quebec, Quebec’s provincial gaming monopoly, reported flat profits in its most recent fiscal year despite a nearly 30% boost in its online gambling revenue.