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Lottery Insights December Issue
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Vol. 67 No.7 - Monday May 19, 2014
A weekly snapshot of the top lottery and gaming news stories
Jumbo Interactive




  • GTECH S.p.A. Conducts Annual Shareholders’ Meeting and Subsequent Board of Directors’ Meeting. Full Story.
  • INTRALOT Announce Its First Quarter 2014 Results. Full Story.
  • Scientific Games Report First Quarter 2014 Results. Full Story.
  • NASPL Report Sales Increase in First Quarter. Full Story.
  • Rhode Island Lottery Adds a Midday Drawing to Numbers Game. Full Story.
  • Kansas Lottery Renews Its Nationwide Sponsorship with Kansas Speedway. Full Story.
  • Norwegian Gaming Authority Conducts Survey Into Problem Gambling. Full Story.
  • Lotto24 Extends Its Leading Position in the First Quarter of 2014. Full Story.
  • Hoosier Lotto Gets a Facelift after 20 Great Years. Full Story.
  • Wyoming Lottery Corp. to Begin Accepting Retailer Applications on May 21, 2014. Full Story.
  • Australasian Gaming Expo - Save These Dates: 12 - 14 August 2014. Full Story.
  • Japan Sports Council Reaches a Co-Operative Bond with FIFA for Integrity of Sport. Full Story.
  • European Commission Study Challenges Sports Betting Right. Full Story.
  • Novomatic AG is Now Part of the UN Global Compact Network. Full Story.
  • Delaware Lottery Employee Tina Leager Receives Award for Excellence and Commitment in State Service. Full Story.

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GTECH S.p.A. Conducts Annual Shareholders’ Meeting and Subsequent Board of Directors’ Meeting

  • Approval of consolidated financial statements as of 31 December 2013 with unitary dividend of EUR 0.75;
  • Appointment of new corporate bodies for three-year period 2014-2016: Lorenzo Pellicioli and Marco Sala confirmed as Chairman of the Board of Directors and Chief Executive Officer, respectively;
  • Appointment of PricewaterhouseCoopers S.p.A. as audit firm for nine-year period 2014-2022;
  • Authorization of new buy-back plan;
  • Approval of 2014 compensation, together with two new stock-based incentive plans

 

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ROME (Italy) – PROVIDENCE (Rhode Island) (May 8, 2014) – The Annual Shareholders’ Meeting of GTECH S.p.A., chaired by Lorenzo Pellicioli today, approved the financial statements as of 31 December 2013, as well as the proposal to distribute a dividend of EUR 0.75 per share, for a total of EUR 130.5 million payable on 22 May 2014 with a “record date” (date of legitimizing the dividend payment) of 21 May 2014, against coupon no. 10 on 19 May 2014. The Shareholders’ Meeting also appointed new corporate bodies, approved the new assignment of statutory auditors, voted in favor of the remuneration policy for 2014 together with associated plans for stock-based incentives, and approved a new buy-back plan. Subsequently, the first meeting of the newly-appointed Board of Directors was held.

SHAREHOLDERS’ MEETING

2013 key economic data and dividend distribution

In 2013 GTECH S.p.A. had a net profit of EUR 34.3 million compared to EUR 38.2 million in 2012. Total equity and liabilities in 2013 amounted to EUR 5,546 million compared to EUR 5,547 million in 2012. At 2013 year end, available cash and cash equivalents amounted to EUR 159 million compared to EUR 315 million in 2012.

The Shareholders’ Meeting approved the proposal of the Board of Directors to allocate a portion of the net profit to the completion of the legal reserve, and to distribute to the shareholders the remaining EUR 34.0 million, as well as EUR 27.1 million as carried forward profits from financial year 2010, and EUR 69.2 million from the share-premium reserve.

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Dividends do not allow for tax credits; the amount of the dividend distribution corresponding to the 2013 net profits and to carried forward profits is qualified as distribution of profits for tax purposes, while the amount of dividend distribution as share-premium reserve do not represent distribution of profits but share-capital restitution. 

Appointment of Board of Directors and Board of Statutory Auditors

The Shareholders’ Meeting resolved on a 10-member Board of Directors for the three-year period 2014-2016, and appointed the following directors: Donatella Busso, Paolo Ceretti, Alberto Dessy, Marco Drago, Antonio Mastrapasqua, Jaymin Patel, Lorenzo Pellicioli, Marco Sala, Elena Vasco, drawn from the list submitted by majority shareholder De Agostini S.p.A., and Anna Gatti, drawn from the list submitted by certain minority shareholders.  Lorenzo Pellicioli was confirmed as Chairman of the Board of Directors.

Moreover, the Shareholders’ Meeting resolved on the remuneration for Directors, also as members of the Executive Committee, if established, as well as the overall amount for remuneration of all Directors, including those responsible for particular tasks pursuant to the law and by-laws.

In addition, the Meeting appointed the Board of Statutory Auditors, to hold office for the three-year period 2014-2016, establishing their remuneration.

Drawing on the list submitted by the majority shareholder De Agostini S.p.A., the following were appointed as statutory auditors: Sergio Duca and Caterina Margherita Baldari, as effective, and Gian Piero Balducci, Giulio Gasloli, Annalisa Raffaella Donesana, Marco Sguazzini Viscontini and Guido Martinelli, as deputy, while from the list submitted by certain minority shareholders, Massimo Cremona was appointed President of the Board of Statutory Auditors, and Fabrizio Riccardo Di Giusto was appointed as deputy statutory auditor.

During the subsequent Board meeting, Directors Donatella Busso, Alberto Dessy, Anna Gatti, Antonio Mastrapasqua and Elena Vasco, as well as statutory auditors, confirmed that they met the independence requisites pursuant to the Consolidated Finance Act and those set out in the Corporate Governance Code for companies listed on the Italian Stock Exchange.

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The CVs of directors and statutory auditors are available on the website www.gtech.com in the governance section – corporate documentation – Shareholders’ Meeting 8-9 May 2014.

Amongst the Directors, Lorenzo Pellicioli holds 71,400 shares of GTECH S.p.A., Marco Sala holds 492,845, Jaymin Patel holds 153,770, and Paolo Ceretti holds 3,060 shares.

Appointment of the audit firm

According to the Board of Statutory Auditors’ proposal, the Meeting also appointed PricewaterhouseCoopers S.p.A. as the audit firm of GTECH S.p.A. for the period 2014-2022, establishing a fee for the activities involved, for each year of the nine-year period in question, amounting to EUR 180,000, with any additional amount and adjustments required by law.

New buy-back plan, report on compensation, and new stock-based incentive plans

The Shareholders’ Meeting also approved a buy-back plan to purchase the maximum number of ordinary shares permitted by law, not exceeding 20% of the Company’s share capital. The Company does not foresee future use for the plan.

The Shareholders’ Meeting also examined the report on compensation at GTECH S.p.A., voting in favor of the first section of the text containing the 2014 compensation policy for Board members and Statutory Auditors as well as for General Managers and Managers with strategic responsibility. The Meeting also approved the stock allocation plan 2014–2018 and the stock option plan 2014-2020, both reserved for employees of the Company and/or its subsidiaries.

For more information on these matters, see the relative documents made available to the general public at the Company offices and on the website www.gtech.com in the governance section – corporate documentation – Shareholders’ Meeting 8-9 May 2014.

BOARD OF DIRECTORS

Marco Sala confirmed as CEO

The newly-appointed Board of Directors, chaired by Lorenzo Pellicioli, reappointed Marco Sala as Chief Executive Officer, granting him and the Chairman Lorenzo Pellicioli the delegated powers required for corporate management.

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The Board of Directors also proceeded to appoint the Control, Risks & Related Party Committee and the Remuneration & Nominations Committee.

The following Directors are members of the Control, Risks and Related Party Committee: Alberto Dessy (Chairman), Donatella Busso and Elena Vasco.

The following Directors are members of the Remuneration and Nominations Committee: Antonio Mastrapasqua (Chairman), Paolo Ceretti, Alberto Dessy and Anna Gatti.

Pierfrancesco Boccia, Head of Corporate Affairs of GTECH S.p.A., was confirmed as Secretary of the Board of Directors.

Related news releases: 17 and 3 April, 27 and 13 March 2014

Declaration

The manager responsible for preparing GTECH’s financial reports, Alberto Fornaro, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books, and accounting records.

GTECH S.p.A.

GTECH S.p.A. is a leading commercial operator and provider of technology in the regulated worldwide gaming markets, delivering best-in-class products and services, with a commitment to the highest levels of integrity, responsibility, and shareholder value creation. The Company is listed on the FTSE MIB at the Milan Stock Exchange under the trading symbol “GTK” and is majority owned by De Agostini S.p.A. In 2013, GTECH had approximately €3.1 billion in revenues and 8,600 employees in approximately sixty countries. For more information, please visit www.gtech.com.

For more information CONTACT:

 

Robert K. Vincent

GTECH  S.p.A.

Corporate Communications

T. (+1) 401 392 7452

Simone Cantagallo

GTECH  S.p.A.

Media Communications

T. (+39) 06 51899030

 

SOURCE: GTECH S.p.A.

 

 

INTRALOT Announce Its First Quarter 2014 Results

Robust Year Start + 25.3% Revenues Increase

ATHENS, Greece (May 15, 2014) -- INTRALOT S.A., the leading international gaming company, announces today its financial results for the three-month period ending March 31st 2014, prepared in accordance with IFRS.

Consolidated Revenues for the period increased by 25.3%, to €445.7m. from €355.8m. in 3M2013. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) decreased by 6.3%, to €51.6m. Net of a negative FX impact of €4.7m, EBITDA reached €56.3m., an increase of 2.2% compared with the same period of 2013. Earnings Before Interest and Tax (EBIT) increased by 8.2%, to €31.1m. Net of a negative FX impact of €3.8m., EBIT reached €34.9m., an increase of 21.3% versus the 1Q 2013. Earnings Before Taxes (EBT) decreased by 21.5%, to €16.6m. Net of a negative FX impact of €4.0m., EBT reached €20.6m., a decrease of 2.9% compared with the same period last year.

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Commenting on 1Q14 results INTRALOT Group CEO, Mr. Constantinos Antonopoulos, stated: “The year 2014 has set out to a good start for INTRALOT as we had a strong growth in the top-line and operating profits despite the continuing FX headwinds. During the first quarter of the year we started the implementation of the Group reorganization and we added to our portfolio some new projects in Europe and the US, in-line with our strategy to selectively expand our business and capitalize on our presence in existing jurisdictions.

Having successfully completed the new bond issue and extended the Group’s debt maturities significantly, we are well positioned to evaluate new opportunities worldwide.”

About INTRALOT (www.intralot.com)

INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With presence in 57 jurisdictions, more than 5.700 people and revenues of €1,54 billion for 2013, INTRALOT has established its presence on all 5 continents.

For more information please CONTACT: Ms Persa Kartsoli, Head of Corporate and Public Relations, Phone: +30-210 6156000, Fax: +30-210 6106800, email: kartsoli@intralot.com.

SOURCE: INTRALOT SA.

 

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Scientific Games Report First Quarter 2014 Results

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NEW YORK, N.Y. (May 8, 2014) -- Scientific Games Corporation (Nasdaq: SGMS) ("Scientific Games" or the "Company"), a leading diversified supplier of games and technology to the gaming and lottery industries, today reported financial results for the first quarter ended March 31, 2014.

"First quarter revenue rose to $388 million reflecting the first full quarter of contribution from the WMS acquisition and 7% revenue growth in our lottery business," said President and Chief Executive Officer David L. Kennedy. "Although we are seeing challenging gaming industry conditions that have negatively impacted our gaming product sales results, we believe that Scientific Games is relatively well positioned due to the diversity of revenue streams in our lottery and gaming businesses and the opportunities created by our integration efforts.”

"Our first quarter results included a $60 million year-over-year increase in cash flow from operating activities and a $37 million year-over-year increase in free cash flow, reflecting the benefit of the WMS acquisition, favourable working capital changes, distributed earnings from our equity investments and our return-focused approach to capital allocation," Mr. Kennedy commented.  "We continued to accelerate our integration initiatives in the 2014 first quarter and believe we remain on track to achieve at least $60 million of cost savings on an annualized run-rate basis by the end of 2014."

Summary Financial Results (1)

 

($ in millions, except per share amounts)

Three Months EndedMarch 31,

Increase/decrease

  2014 2013 Amount %
Revenue $388.1 $219.6 $168.5 76.7
Operating (loss) income (12.1) 11.1 (23.2) n/m
Net loss (45.0) (12.3) (32.7) (265.9)
Net loss per share (0.53) (0.15) (0.38) (253.3)
Net cash provided by operating activities 83.3 23.2 60.1 259.1
Non-GAAP Financial Measures:        
Attributable EBITDA(2) 122.8 77.6 45.2 58.2
Free cash flow 23.7 (13.1) 36.8 n/m

 

Attributable EBITDA, free cash flow and EBITDA from equity investments (discussed below) are non-GAAP financial measures defined below under "Non-GAAP Financial Measures" and reconciled to GAAP measures in the accompanying supplemental tables at the end of this release.

(1)   Scientific Games sold the installed base of gaming machines in its pub business on March 25, 2013. The related results of operations are presented as discontinued operations in the Company's financial statements for the 2013 first quarter. All financial results referenced in this press release are for continuing operations only, unless otherwise noted.

(2)   Our definition of attributable EBITDA, which is derived from the definition in our credit agreement, was modified in the 2013 fourth quarter as a result of the replacement of our prior credit agreement with our new credit agreement in connection with the acquisition of WMS. Historical amounts have been conformed to the revised definition and recast to exclude discontinued operations. Under the revised definition, 2013 first quarter attributable EBITDA decreased by $1.0 million.

Merger Integration Update

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Following the completion of the WMS acquisition on October 18, 2013, Scientific Games began executing its detailed integration plans aimed at making operations more effective and reducing the Company's cost structure.  Based on the progress of its integration-related actions to date and further integration efforts planned for 2014, the Company continues to expect to achieve at least $60 million of cost synergies on an annualized run-rate basis by the end of 2014. The Company continues to expect to achieve a total of $100 million in cost savings on an annualized run-rate basis by the end of 2015. Included in the expectations for annualized cost synergies is at least $55 million of annualized cost synergies from actions already initiated or completed.

"Our comprehensive integration initiatives have generated significant cost reductions," said Scott D. Schweinfurth, Executive Vice President and Chief Financial Officer. "Across our global operations, we are focused on generating additional efficiencies, executing our strategies to capitalize on new revenue opportunities and identifying additional opportunities to increase free cash flow."

As previously announced, in the 2014 first quarter, the Company took actions to strengthen its focus on its core businesses, including by:

 •Divesting its equity interest in Sportech PLC for cash proceeds of $44.9 million, which resulted in a $14.5 million gain; and

•Selling its online real-money U.K. B2C gaming operation and exiting its managed services online gaming business in Belgium, which resulted in $3.4 million of employee termination and restructuring costs and a gain in other income (expense), net, of approximately $1 million.

2014 First Quarter Business Update

Lottery Systems Segment First Quarter Financial Highlights

Lottery systems revenue increased $9.9 million, inclusive of a favorable impact from foreign currency translation of $0.5 million, which reflected:

  • A $2.3 million increase in services revenue, primarily reflecting an increase in sports betting service revenue from international customers, and
  • A $7.6 million increase in product sales revenue, primarily reflecting higher hardware and software sales to international customers
  • Operating income was essentially flat as the $9.9 million increase in revenue and $1.0 million of lower research and development expense was offset by a less profitable revenue mix and a $1.7 million increase in depreciation and amortization

 

Lottery Systems Segment Business Development Highlights

  • Entered into a three-year contract extension with the Delaware Lottery to continue our supply of lottery and central monitoring and control systems, which contemplates the placement of a minimum of 450 VLTs at charitable gaming organizations, which will be reflected in the gaming segment
  • Entered into an eight-year contract with the North Dakota Lottery, an existing customer, to provide an online lottery system, related services, marketing support and the Sciplay™ interactive platform, which includes systems for internet subscriptions and player rewards programs, with an additional two-year extension held by the lottery

 

 Earnings and EBITDA from Equity Investments

  • Earnings from equity investments decreased $0.6 million, as a small increase in earnings from LNS was offset by decreases in earnings from our other equity investments
  • The $1.1 million increase in EBITDA from equity investments was primarily attributable to increased EBITDA from LNS and RCN, partially offset by lower EBITDA from CSG

 

CLICK HERE to read the entire Scientific Games Reports First Quarter 2014 Results.

 

About Scientific Games

Scientific Games Corporation is a leading developer of technology-based products and services and associated content for worldwide gaming and lottery markets.  The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services.  For more information, please visit: www.scientificgames.com.

Company CONTACTS:

 

Investor Relations

Bill Pfund

(847) 785-3167

Media Relations

Mollie Cole

(773) 961-1194

 

SOURCE: Scientific Games Corporation

 

 

NASPL Report Sales Increase in First Quarter

GENEVA, Ohio (May 14, 2014) -- The lotteries that make up the North American Association of State and Provincial Lotteries (NASPL) have experienced a year-on-year increase in total sales during the first quarter of 2014.

The NASPL comprises 45 state lotteries from the US as well as five provincial lotteries from neighbouring Canada.

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The results cover bingo, sports, video lottery terminals, keno, Mega Millions, Power Ball, multi-jurisdiction, Cash Lotto, Spiel/Kicker, Lotto, five digit, four digit, three digits, pulltab/breakopen and instant lottery games.

Lotteries comprising the NASPL generated total sales of almost $20.5 billion (€14.9 billion) during the period, up from around $19.4 billion in the corresponding quarter last year.

Total US lottery sales were up from $17.4 billion in the first quarter of 2013 to $18.2 billion this year.

The Atlantic, British Columbia, Loto-Quebec, Ontario and Western Canada lotteries of Canada generated sales of around $2.2 billion, up from just over $2 billion in the previous year.

The New York state lottery was the most successful of all the lotteries after generating $2.2 billion alone during the first quarter, while the Ontario lottery was the most successful of the Canadian provincial lotteries with total sales of $792.8 million.

Instant lottery games were the most popular in both the US and Canadian markets, with US states generating $10.1 billion in instant lottery sales and Canadian provincial lotteries recording sales of $422.1 million.

SOURCE: NASPL.

 

 

Rhode Island Lottery Adds a Midday Drawing to Numbers Game

PROVIDENCE, Rhode Island (May 7, 2014) -- The Numbers Game, which launched in 1976, was the first Rhode Island Lottery game that allowed players to select their own numbers for a drawing.

Starting on Sunday, May 11, Rhode Island Lottery players will be able to play their favorite Numbers twice a day, with a new Midday Drawing added to the game.

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The Midday Drawings will take place at 1:30 p.m. every day with drawing videos posted to www.rilot.com and the Rhode Island Lottery's YouTube channel.

The Evening Drawings will continue to be televised live on WPRI-12 at 6:59 p.m. Monday – Saturday and at 6:29 p.m. on Sundays. Winning numbers for all Rhode Island Lottery games can be found on www.rilot.com.

The Numbers Game offers a variety of ways to win with wagers ranging from $.50 to $5. Tickets can be purchased every day up until 1:20 p.m. for the Midday Drawings, up to 6:50 p.m. for the Evening Drawings Monday – Saturday, and up to 6:20 p.m. for the Evening Drawing on Sunday.

The first Rhode Island Lottery ticket, "The Lot" was sold in 1974 for $.50.  Although hundreds of different games have been offered over the past forty years, a $.50 ticket is still available with The Numbers Game.

Since 1974, Rhode Island Lottery has generated more than $5.3 billion in revenue and paid out more than $26 billion in prizes.

SOURCE: Rhode Island Lottery.

 

 

Kansas Lottery Renews Its Nationwide Sponsorship with Kansas Speedway

TOPEKA, Kansas (May 10, 2014) -- Kansas Speedway and Kansas Lottery officials have announced a five-year extension of the Lottery's title sponsorship of the NASCAR Nationwide Series race through 2019.

The Kansas Lottery 300 will return to Kansas Speedway on October 4, the day before the Hollywood Casino 400 Sprint Cup race.

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"The first partner we had as a partner before the track even opened was the Kansas Lottery," said Kansas Speedway president Pat Warren, "and the Kansas Lottery over the last year generated over $74 million that went back to the state, and $50 million went to economic development.

"What you see around this track and with the things that are around here, are the result of the vision our leadership had in the state and local government 15, 16 years ago."

Before beginning sponsorship of the Nationwide race in 2007, the Kansas Lottery sponsored ARCA and IndyCar races at Kansas Speedway.

Sponsorship Benefits Vets

5-hour Energy, which this week extended its sponsorship of Clint Bowyer's No. 15 Toyota for three years, is also the title sponsor for Saturday night's Sprint Cup race, the 5-hour Energy 400 Benefiting Special Operations Warrior Foundation.

As part of the sponsorship, five cents from the sale of every specially marked bottle of cherry flavored 5-hour Energy will be donated to the foundation that supports the military's special operations forces and their families through college scholarships, family services and financial stipends.

In 2012, the organization provided $3.9 million in scholarships and aid to families of fallen Special Operations personnel.

SOURCE: Kansas Lottery.

 

 

Norwegian Gaming Authority Conducts Survey Into Problem Gambling

HAMAR, Norway (May 8, 2014) -- Over 20,000 players have been identified as problem gamblers in this country.

22,000 Norwegians today are recognized as players experiencing problem gambling, and it is slightly less than that measured in the last decade. Over 10,000 adult Norwegians took part in the survey is the largest of its kind on the gambling issue in Norway.

The number of problem players emerges in a new population survey on gambling and computer games related to problem gaming that the Gaming Board has published. In addition to the problem players, the players are 89,000 moderate risk players , while 289,000 are lågrisikospelarar.

"We are pleased that the number of problem players has declined in recent years. At the same time we respect the fact that thousands struggle with the consequences of gambling, and we must not forget that such problem affects others who are close problem players," says director Atle Hamar Lotteries and Gaming Authority.

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The survey also shows that many Norwegian players are happy that it is being used to set loss limits and other measures to make gambling more responsible. Atle Hamar said many Norwegian viewed as positive that the government wants to offer responsible gambling. It is done for example by setting loss limits that in some cases can be set by the player.

Norway Is In Front

- Norway is right at the forefront of the use of such tools to the building for players should they develop unfortunate play behaviour. Population Survey confirms that we have succeeded in bringing a responsible play politics in this country, says Atle Hamar.

The University of Bergen, under the leadership of Professor Ståle Pallesen, made the survey population for the Gaming Board . It was completed before the Norwegian Tipping launched its Instaspill online in January. The Gaming Board aims to follow up with a similar survey to monitor the development in play behaviour and problem playing.

The study also provides new knowledge about the impact of gambling advertising. One of the findings shows that risk and problem players spend more money and plays with a higher risk as a result of advertising.

Many people use social media

The survey also shows that 22.9 percent have participated in gambling via social media. This is most often among women and young people, and almost ten percent had bought Credits on Facebook or other virtual money to use in the game.

SOURCE: Norwegian Gaming Authority.

 

 

Lotto24 Extends Its Leading Position in the First Quarter of 2014

  • Further strong growth in billings, revenues and new customers
  • Guidance confirmed

 

HAMBURG, Germany (May 13, 2014) -- Following a very successful 2013 - its first full fiscal year as a listed company - Lotto24 AG also got off to a very promising start in 2014: in the first quarter of 2014, billings of EUR 19.2 million (+842.6%) and revenues of EUR 1.7 million (+785.1%) were well in excess of the respective prior-year figures. As expected, the gross margin was around 9.0% (prior year: 9.6%) as the previous year was still affected by special items in connection with the establishment of business. Earnings were dominated by planned start-up costs - especially increased costs for marketing expenses for new customer acquisition - and consequently EBIT fell to EUR -4.1 million (prior year: EUR -1.4 million). The net loss for the period also amounted to EUR -4.1 million (prior year: EUR -0.9 million).

With two major TV campaigns and radio tests in regional markets, Lotto24 enjoyed a strong advertising presence in the first quarter of 2014. As a result, the company gained 77 thousand new customer registrations (prior year: 15 thousand), taking the total number of registered customers as of 31 March 2014 to 314 thousand (prior year: 44 thousand).

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'We are delighted that the success of our marketing activities to date has not only raised the number of new customers but is also documented in the findings of a representative online survey we conducted in which Lotto24 was ranked first among online providers in an unaided test of brand awareness,' says Petra von Strombeck, CEO of Lotto24 AG. 'Moreover, customer quality - reflected by both average billings per active customer and the activity rate - was above the level we experienced in the past.'

Due to increased marketing expenses of EUR 3.6 million (prior year: EUR 0.3 million) in connection with more cost-intensive offline tests, cost per lead (CPL) in the first three months of 2014 was comparatively high at EUR 47.30 (prior year: EUR 20.32).

Guidance confirmed

Assuming that the regulatory environment remains unchanged, Lotto24 AG expects a significant year-on-year increase - of up to three times the prior-year figure - in billings and revenues for fiscal year 2014, depending on the jackpot situation. Gross margin is likely to be similar to that of the previous year. As revenues are still comparatively low and marketing expenses will continue to rise strongly, losses are expected to be higher than in 2013 with regard to both EBIT and net profit. Moreover, the company expects to add at least 300 thousand new customer registrations in 2014 - also depending on the jackpot situation. With strong growth in billings and revenues, a gross margin at the prior-year level, an EBIT result characterised by higher marketing expenses and 77 thousand new customer registrations, the first quarter of 2014 is fully in line with Lotto24 AG's expectations.

About Lotto24 AG (www.lotto24-ag.de)

Lotto24 is Germany's leading online broker of state-licensed lotteries (www.lotto24.de). On behalf of its customers, the company enters into gaming contracts with the respective lottery companies for lottery products such as »Lotto 6aus49«, »Spiel 77«, »Super 6«, »EuroJackpot« and »Glücksspirale«. Following its foundation in 2010, the company was one of the first private online lottery brokers to resume activities on the German market in 2012, when the new State Treaty on Games of Chance came into effect, and to receive all the necessary state permits. Lotto24 AG has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since 3 July 2012. Lotto24 aims to extend its position as Germany's leading online broker of lottery products.

CONTACT: Lotto24 AG, Vanina Hoffmann, Tel.: +49 (0) 40 / 82 22 39 – 501, E-mail: ir@lotto24.de

SOURCE: Lotto24 AG.

 

 

Hoosier Lotto Gets a Facelift after 20 Great Years

INDIANAPOLIS, Indiana (May 11, 2014) – Hoosiers will continue to win big with Hoosier Lotto after the game undergoes a jackpot makeover that takes effect on May 11.

Like  other states, the Hoosier Lottery is adjusting the mechanism by which jackpots grow for this hometown favorite game. Initial jackpots for Hoosier Lotto will continue to be $1 million for the first two drawings, with each subsequent jackpot increasing by $200,000 for Wednesday’s drawings and $300,000 for Saturday’s drawings. As the excitement builds and sales for the game outpace the $200,000 and $300,000 increments, jackpots will grow based on game sales.

At the same time, the Hoosier Lottery will also update the annuity payment mechanism for Hoosier Lotto to the same structure used for Powerball. Winners who choose the annuity option will receive graduated payments over 30 years with the base amount growing each year rather than the same amount each year.

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Hoosier Lotto will continue to offer multiple ways to win prizes. In addition to the jackpot prize, which is won when all six drawn numbers are matched, Hoosier Lotto pays prizes on match four and match five numbers.The game also pays a $3 prize on a match three ticket and awards a free Hoosier Lotto ticket for another shot at the jackpot when a ticket matches two numbers.

Since its implementation in September 1994, Hoosier Lotto has generated approx. $525 million for good causes in the state of Indiana.

Hoosier Lotto, the hometown favorite, has created over 100 millionaires. In the last five years alone, the Hoosier Lotto jackpot has been hit 26 times. Players in the cities of Bedford, Bloomington, Columbus, Daleville, Elkhart, Frankfort, Glenwood, Guston, Highland, Huntertown, Indianapolis, Jasper, Kokomo, Moores Hill, Muncie, New Albany, Newport and Summitville, have all laid claim to jackpot hits ranging from $1 million to $34 million in that time period.

The Hoosier Lottery reminds all players to play responsibly. Must be 18 or older to play. Gambling Addiction Referral Line: 800-994-8448.

About The Hoosier Lottery

Hoosier Lottery distributions benefit every county throughout Indiana. Each fiscal year, the Hoosier Lottery contributes $30 million to local police and firefighters' pensions, and $30 million to the Teacher's Retirement Fund. In fiscal year 2012, $147.6 million in Hoosier Lottery earnings helped reduce motor vehicle excise taxes by 50 percent.

To learn more about the Hoosier Lottery, visit www.hoosierlottery.com and follow on Facebook and Twitter.

For more information, please CONTACT Stephanie McFarland, smcfarland@hoosierlottery.in.gov.

SOURCE: Hoosier Lottery.

 

 

Wyoming Lottery Corp. to Begin Accepting Retailer Applications on May 21, 2014

CHEYENNE, Wyoming (May 13, 2014) -- Starting May 21, the Wyoming Lottery Corp. will begin accepting applications from Wyoming retail business owners who want to sell Powerball® and Mega Millions® tickets at their retail locations. Properly completed and vetted applications will be considered on a first-come, first-served basis.

Beginning May 21, Wyoming retail business owners can either fill out and submit an application online at www.wyolotto.com, download and print a retailer application and return it to the Wyoming Lottery Corporation in person or by mail, pick up an application in person at the Lottery's office, or request an application by calling the Wyoming Lottery at 307.432.9300. Applications will not be available either online or by request until the May 21 release date.

"Creating the application and the application process has been a collaborative effort," said Jon Clontz, Wyoming Lottery's Chief Executive Officer. "We've incorporated many of the valuable suggestions retailers provided during our statewide retailer workshops. Thanks to their input, we're confident we've developed a fair and equitable process that the majority of retailers who want to sell lottery tickets in Wyoming will be happy with."

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Clontz notes that due to the volume of information required of retail business owners, completing the application will probably take 30 minutes or more. "I recommend that retailers download and print the application and review it thoroughly to make sure they have all the required information handy before beginning the online application process," said Clontz.

Applications submitted in person or by mail should be directed to: Wyoming Lottery Corporation, Attn: Retail Applications, 1620 Central Ave, Suite 100, Cheyenne, WY 82001. Wyoming retailers with questions about the WyoLotto application or the application process are urged to contact the Wyoming Lottery at 307.432.9300.

Clontz says the Wyoming Lottery is on track to begin selling Powerball and Mega Millions tickets on August 24.

About the Wyoming Lottery

The Wyoming Lottery Corp. is a corporate business entity established by House Bill 77 in the 2013 legislative session and signed into law by Governor Matt Mead last March. The corporation operates as a private business and does not employ state employees or use state tax money. State law requires the first $6 million of Lottery revenue to be distributed to cities, towns and counties based on Wyoming's sales tax formula. Any additional earnings will be deposited into the state's Permanent Land Fund's Common School Account.

CONTACT: Jon Clontz, Chief Executive Officer • Wyoming Lottery Corporation, Phone: 307.432.9300.

SOURCE: Wyoming Lottery Corp.

 

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Australasian Gaming Expo - Save These Dates: 12 - 14 August 2014

Tue 10am-5pm, Wed 10am-5pm, Thur 10am-3pm

Sydney Exhibition Centre at Glebe Island.

Click here for location map.

SYDNEY, Australia (May 13, 2014) -- Featuring more than 180 exhibitors across 15,000 square metres of exhibition space, the Australasian Gaming Expo is easily the biggest event of its type in Australia and one of the world's biggest.

Visitors have long acknowledged that the world's best and latest gaming and hospitality equipment is on show at the Expo for gaming and hospitality executives, from around the region.

Entry is complimentary to gaming industry executives, courtesy of the Gaming Technologies Association.

Click here for the Conditions of Entry.

Trade suppliers are not eligible to attend the event unless exhibiting.

The Expo is also acknowledged among exhibitors as being superior to other similar events, offering excellent business potential.

SOURCE: Australasian Gaming Expo.

 

 

Japan Sports Council Reaches a Co-Operative Bond with FIFA for Integrity of Sport

TOKYO, Japan (May 7, 2014) -- The Japan Sport Council (JSC), the national agency responsible for the development of sport in Japan, and the Fédération Internationale de Football Association (FIFA) today announced that both organizations reached a cooperational bond in order to put forward new initiatives for protecting and enhancing the integrity of sport. Through this relationship, the JSC and FIFA will take joint initiatives to protect and develop clean sport with sharing FIFA’s knowledge and know-how on fighting against match fixing in football.

Recently the JSC has launched its Sport Integrity Unit, which acts in the areas of fight against doping, harassment and match manipulation in sport and promoting good governance among sport organizations in Japan. For the first action, the JSC and FIFA will co-host a symposium to promote the public awareness on threats to the integrity of sport in Tokyo on 7 June.

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Mr Jerôme Valcke, Secretary General of FIFA, says, “Fédération Internationale de Football Association (FIFA) sincerely appreciates the hosting of this Integrity of Sport Symposium and supports the actions engaged by the Japan Sports Council (JSC) to fight against illegal betting and match manipulation. One of FIFA’s statutory objectives is precisely to protect the integrity of the game. Therefore, the fight against the threat of match manipulation is a top priority for FIFA. We have and will continue to work to eliminate these threats from our beautiful game. We feel privileged to work together with the JSC to support the hosting of a symposium promoting the protection of sport.”.

Dr. Ichiro Kono, President of JSC, says, “The Sport Integrity Unit is launched based on the Japanese government's commitments to protecting the integrity of sport. I sincerely appreciate the FIFA to become our strong partner in protection and development of clean athletes and clean sport culture”.

For further inquiries, please CONTACT: E-mail: ic@jpnsport.jp Tel: +81 (0) 3 5410 9161.

About the Japan Sport Council

The Japan Sport Council is the national agency responsible for the sport development in Japan. Managing the Sport Promotion Fund and Sport Promotion Lottery, the Council invests widely in both local community and elite performance sport. The Council also owns and operates major sporting facilities such as the National Stadium, the National

Training Center and the Japan Institute of Sports Sciences. Accountable to the Minister of Education, Culture, Sports, Science and Technology (MEXT), the Council plays a vital role in the delivery of sport policy in Japan and the enhancement of sporting values in society.

SOURCE: Japan Sports Council.

 

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European Commission Study Challenges Sports Betting Right

BRUSSELS, Belgium (May 15, 2014) --The regulated betting industry welcomes the main findings of a European Commission funded study on sports organisers’ rights in the European Union. The study (see link) finds that there is no legal basis nor rationale for an EU-wide right to consent to bets (ie “sports betting right”). The study also concludes that the French sports betting right, whereby sports betting operators must obtain the consent of sports organisers to offer bets, is not an effective mechanism for financial distribution to sport or as an integrity instrument against match-fixing.

The study was designed to map out the rights of sports organisers, in particular in relation to sports betting operators and assess the merits of a betting right. In that respect, the study makes a number of significant conclusions:

  • The “costs associated with the administering of the right to consent to bets will always be considerable” and “there is no evidence for a link between the financial return stemming from a right to consent to bets and the financing of grassroots sport.”
  • The adoption of integrity mechanisms is not a prerequisite of the French right and “there is no guarantee that the income is in fact allocated to fraud prevention and detection.”
  • The right to consent to bets “risks leaving less popular and less visible sports more exposed to integrity risks” as “for most sports organisers the financial return would be insufficient to cover their own integrity costs.”
  • It is not evident that safeguarding the integrity of sports events constitutes the principal rationale of the French right to consent to bets.”
  • The conditions required to implement a right to consent to bets are capable of constituting an unjustified restriction on the free movement of services within the EU.
  • The right establishes a monopoly for sports “leading to the creation of a dominant position within the meaning of Article 102 TFEU” and anti-competitive concerns.
  • Highlights that “amending the [Database] Directive to meet the demands of the sports organisers would bear the risk of creating undesirable information monopolies.”

 

Whilst sports bodies and the French authorities continue to promote a betting right, the report rightly highlights that no other Member State has properly implemented legislation similar to that existing in France and that most other jurisdictions have “instead opted for alternative mechanisms to collect and allocate revenue derived from gambling to sport.” Moreover, the report shows that sports organisers already have sufficient legal protection and the creation, at EU level, of a French style sports betting right is not justified.

Maarten Haijer, Secretary General of the EGBA, added: “This very comprehensive study illustrates clearly that a sports betting right cannot act as a safeguard to keep corruption out of sport. Such right has many practical and legal shortfalls, and the regulated betting industry is encouraged to see that no other Member States in the EU have decided to copy the French model."

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Khalid Ali, Secretary General of ESSA, stated “The study shows that other more effective means should be encouraged to preserve the integrity of sport. Fighting corruption in sport requires an international effort and cooperation as illustrated by ESSA’s collaboration with the recent “Integrity Betting Intelligence System” (IBIS) of the International Olympic Committee (IOC) as well as its active participation in the future Council of Europe convention against match fixing.

Clive Hawkswood, Chief Executive of the RGA, stated that “We welcome the publication of the Asser Study on sports organisers’ rights as we did the opportunity to participate in the consultation process.  We hope that the European Commission will take note of its findings which echo our view that calls for a European wide sports betting right, or indeed a sports betting right of any kind, are commercially driven and have little if anything to do with integrity.”

The study was launched in January 2013 and carried out for the European Commission by a consortium composed of the Dutch Asser Institute (see link) and IVIR of the University of Amsterdam (see link).

For more information, please contact: Maarten Haijer, Secretary General of EGBA: +32 2 554 08 90, egba@egba.eu

About EGBA

The EGBA is an association of leading European gaming and betting operators Bet-at-home.com, BetClic, bwinparty, Digibet, Expekt, and Unibet. The Gibraltar Betting and Gaming Association (GBGA) is an affiliate member of EGBA. EGBA is a Brussels-based non-profit association. It promotes the right of private gaming and betting operators that are regulated and licensed in one Member State to a fair market access throughout the European Union. Online gaming and betting is a fast growing market, but will remain for the next decades a limited part of the overall European gaming market in which the traditional land based offer is expected to grow from € 79.7 Billion GGR in 2012 to € 83 Billion GGR in 2015, thus keeping the lion’s share with 85% of the market. Source: H2 Gambling Capital, September 2013. www.egba.eu

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About ESSA

ESSA (Sports Betting Integrity) was established in 2005 by the leading online sports book operators in Europe to monitor any irregular betting patterns or possible insider betting from within each sport. To achieve this goal ESSA implemented an early warning system between its members that highlights any suspicious betting activity. The Early Warning System allows ESSA to work with the sports regulators and their disciplinary and legal department, ensuring that when an alert is given the regulator is informed immediately which may prevent the possibility of any game manipulation on a given event.

So far, ESSA has signed a Memorandum of Understanding with FIFA, The FA, DFB, ATP, ITF, WTA and has established close relations with the IOC and many other sports regulators. ESSA members include: ABB, Betclic; Betvictor, Betsson Bet-at-Home; bwinparty; Digibet; Expekt; Goldbet; Interwetten; Ladbrokes; Paddy Power; Stanleybet, Unibet and William Hill. For more information on ESSA please go to the ESSA website http://www.eu-ssa.org or contact Khalid Ali, Secretary General at +32 2256 7565

About the RGA 

The RGA is the largest online gambling trade association in the world representing the largest licensed and stock market-listed remote gambling operators and software providers. Further information and a full list of members can be found at www.rga.eu.com

For further information or comment please contact Brian Wright, RGA Director of Business +44 (0) 20 3585 1241.

SOURCE: EGBA.

 

 

Novomatic AG is Now Part of the UN Global Compact Network

The worldwide gaming company with Austrian roots is the largest corporate citizenship initiative, has joined the UN Global Compact

VIENNA, Austria (May 13, 2014) -- Two world groups were recently joined together to form part of something bigger.

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Novomatic AG. as one of the world's biggest exporters of gaming technology and

entertainment expertise is the largest corporate social responsibility initiative in the world joined the Global Compact the United Nations.

The Global Compact now has 8,000 active members in 135 countries who have undertaken to comply with ten principles in the areas of human rights, labor standards, environment and anti-corruption pledge. The participants are also to be required to publish, an annual report on its activities and on progress made ​​in the area of corporate responsibility.

So the opportunity for mutual learning and to strengthen the transparency towards stakeholders of participants will be offered. Novomatic confirmed with the accession to

this initiative, the decades in their corporate culture rooted commitment to sustainable social responsibility.

"With our long-standing efforts in corporate social responsibility, we meet quite some time now the requirements of the UN Global Compact, "said Dr. Franz Wohlfahrt, director general of the Novomatic AC.

"With our membership we will now also increasingly make clear to the outside, that corporate responsibility is not a short-lived marketing gimmick to us, but an integral part of our corporate strategy. And we want to continuously improve."

There will be created each year a progress report published and the company will continue in the CSR report of Novomatic AG added that publishes regularly for some time and is online at the following link in the current version is available: www.novomatic.com / csr.

SOURCE: Novomatic.

 

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Delaware Lottery Employee Tina Leager Receives Award for Excellence and Commitment in State Service

DOVER, Delaware (May 8, 2014) -- Governor Jack Markell today recognized and celebrated the efforts of the 2014 recipients of the Delaware Award for Excellence and Commitment in State Service. The award winners and nominees were recognized for their exemplary efforts in service to the State of Delaware.

These individuals exemplify what it means to be a public servant,” said Governor Markell. “I commend them for their commitment and dedication to providing excellent service to Delawareans.”

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The 2014 recipients included:

Tina Leager - Tina Leager is a Senior Accountant with the Department of Finance’s State Lottery Office. Over the past year Tina has been heavily involved in the administration and development of financial reconciliation processes for the newly authorized Charitable Gaming Organizations, the reconciliation of the newly launched internet gaming websites, and the migration of Sports Lottery accounting processes to an automated system.

Tina has been instrumental in the development of the monthly filing procedures and she took the lead in providing personalized customer service to each and every licensed Charitable Gaming vendor and venue, in addition to her involvement with the overall process redesign that was required.

Tina played a critical role in the review and development of financial reporting for the new internet gaming system and she worked to implement in-house reconciliation procedures and administered the first poker clearinghouse in the United States.

Tina is also responsible for accounting for the Sports Lottery and was instrumental in creating, implementing, and, now, overseeing all aspects of the Sports Lottery’s financial reconciliations, analysis and reporting while continuing to perform other critical assignments. Tina’s invaluable expertise, participation in system testing, and input during the development process of all of these programs were key to smooth transitions.

SOURCE: Office of Governor Markell.

 




 

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