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The WEEK in REVIEW
Vol. 71 No.6 - Monday May 18, 2015

A weekly snapshot of the top lottery and gaming news stories


Schafer Systems Inc.


  • International Game Technology PLC Report First Quarter 2015 Results For Predecessor Companies. Full Story.
  • INTRALOT Advances Youth Entrepreneurship & Innovation. Full Story.
  • Score with the Core! - Alchemy3 Introduce Publishers Clearing House Lottery Games. Full Story.
  • Scientific Games to Continue as Long-Time Instant Game Provider to Missouri Lottery. Full Story.
  • Gaming in Holland Release Full Conference Schedule. Full Story.
  • New Digital Single Market Strategy for the EU. Full Story.
  • State of Digital Lottery Marketing Revealed in New Research by Lottovate. Full Story.
  • Illinois Lottery's Newest Instant Games are Heating Up May. Full Story.
  • New Jersey Grants Full Licensure to CAMS. Full Story.
  • Oregon Lottery Partners With Gamtalk to Help Oregon's Gamblers. Full Story.
  • EUROMAT Joins Formal State Aid Complaint to the European Commission. Full Story.
  • OLG Celebrates 40th Anniversary of Wintario With Support For Local Charities And Toronto 2015 Pan Am Games Torch Relay. Full Story.
  • The Texas Lottery and D.R. Horton to Announce Grand Prize ‘Texas Dream Home’ Winner. Full Story.
  • Betconstruct Launches Asian View Sportsbook. Full Story.
  • AGTech Announce 2015 First Quarterly Results. Full Story.



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International Game Technology PLC Report First Quarter 2015 Results For Predecessor Companies

  • Stand-alone results presented for GTECH S.p.A. and for International Game Technology, which were separately managed operations for the period
  • Solid GTECH EBITDA and stable net financial position reflect portfolio diversity and operational discipline Integration and synergy plans on track

 

LONDON, U.K. (May 13, 2015) -- International Game Technology PLC ("IGT") (NYSE: IGT) today reported results for GTECH S.p.A.'s ("GTECH") first quarter of 2015 and for International Game Technology's ("Legacy IGT") second quarter of 2015, ended March 31, 2015. The combination of GTECH and Legacy IGT was completed on April 7, 2015. As such, results presented in this news release are for periods predating the combination and during which each company was under separate management. The respective reporting formats of the legacy companies have been maintained in this release for ease of comparison. The results in this news release relating to GTECH are presented in Euros under International Financial Reporting Standards ("IFRS") and results relating to Legacy IGT are presented in U.S. Dollars under U.S. generally accepted accounting principles ("GAAP"). IGT will begin reporting as a combined entity with its second quarter of 2015 results under GAAP.

Commenting on the first quarter performance, Marco Sala, CEO of IGT, noted: "We had a solid first quarter for GTECH operations, continuing to run the underlying business efficiently and profitably, at the same time as we were completing a transformative merger. We were ready to launch the integration from day one, focusing on revitalizing our R&D capabilities. Exciting content delivered across the whole range of platforms is the key to consolidating our leadership of the global gaming industry."

"We achieved near-record GTECH EBITDA during the first quarter on top of challenging, multi-year comparisons. We also improved our net financial position excluding one-off items linked to the transaction. We have confirmed our $280 million target for cost and revenue synergies and are on track to deliver them on schedule," said Alberto Fornaro, CFO of IGT.

GTECH S.p.A. First Quarter 2015 Results Comparison

 

Consolidated Income Statement (€/M) Q1 2015 Q1 2014 % chg
Revenues 807.7 781.3 +3.4
EBITDA 295.6 296.0 --
Operating Income 149.3 180.8 -17.5
Net Income (Loss) Attributable to Owners (26.9) 75.0 nm
Diluted Earnings (Loss) Per Share (0.16) 0.43 nm

 

EBITDA is principally comprised of operating income plus depreciation, amortization, and impairment. EBITDA is considered an alternative performance measure that is not a defined measure under IFRS and may not take into account the recognition, measurement and presentation requirements associated with IFRS. We believe that EBITDA assists in explaining trends in our operating performance, provides useful information about our ability to incur and service indebtedness and is a commonly used measure of performance by securities analysts and investors in the gaming industry. EBITDA should not be considered as an alternative to operating income as an indicator of our performance or to cash flows as a measure of our liquidity. As we define it, EBITDA may not be comparable to other similarly titled measures used by other companies.

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Consolidated Revenues grew 3% to €808 million from €781 million in the first quarter of 2014. This increase was principally driven by higher service revenues, which rose 4% to €755 million from €729 million in the prior year, reflecting net favorable foreign currency effects and lottery growth in Italy and the Americas. Product sales of €52 million were in line with the prior year as lower lottery product sales in the Americas and International machine gaming revenues were offset by favorable currency translation.

EBITDA of €296 million was in line with the first quarter of last year and near all-time peak levels, reflecting growth in the Americas and stability in the International segment, in addition to net favorable foreign currency effects, which offset the impact of a higher sports betting payout in Italy.

Operating Income was €149 million compared to €181 million in the first quarter of 2014. Operating Income was €170 million excluding one-off items, primarily transaction and restructuring costs associated with the acquisition of Legacy IGT.

Interest Expense was €81 million compared to €41 million last year, the increase being principally due to financing associated with the acquisition of Legacy IGT.

Net Loss Attributable to the Owners was €27 million compared to net income of €75 million in the first quarter of 2014. The Net Loss Attributable to the Owners primarily reflects higher Interest Expense and other charges associated with the acquisition of Legacy IGT. Diluted Loss-Per-Share was €0.16 compared to Diluted Earnings-Per-Share of €0.43 in the comparable prior year period, again reflecting acquisition-related items.

Cash from Operations was €158 million compared to €163 million in the prior year. Capital Expenditures in the first quarter were €65 million.

At March 31, 2015, Consolidated Shareholders' Equity totaled €2.59 billion. GTECH had a Net Financial Position (NFP) of €3.16 billion versus €2.59 billion as of December 31, 2014. Excluding one-off items primarily related to the acquisition of Legacy IGT, NFP was €2.56 billion at the end of the first quarter of 2015.

First Quarter Results by Segment

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Americas

Revenues in the Americas segment grew 23% to €300 million in the quarter. In constant currency and excluding pass-through reimbursements, Revenues were up 4%. Service revenues increased 26%, supported by favorable foreign currency effects; strong instant ticket sales and multistate jackpot activity; and substantial growth for machine gaming operations. Product sales of €34 million in the quarter were modestly above the prior year period, as a significant increase in machine gaming revenues and favorable foreign currency effects were partially offset by lower lottery product sales.

Operating Income from the Americas segment of €46 million was 51% greater than the prior year period, reflecting favorable foreign currency effects, strong lottery same-store revenue growth, and higher machine gaming profits from both product sales and the contribution from a larger installed base of gaming machines.

International

Revenues in the International segment were €77 million, €1 million greater than the prior year, driven by favorable foreign currency effects and increased lottery revenues that were partially offset by lower machine gaming product sales.

International lottery same-store revenues were up approximately 11% compared to the same period in 2014, reflecting continued strength in instant ticket sales in the United Kingdom and robust jackpot growth in Eastern Europe.

Operating Income in the International segment was €13 million versus €15 million in the first quarter of last year, as higher lottery profits were more than offset by lower product sales and a broad mix of items.

Italy

Revenues in Italy were €430 million compared to €461 million in the first quarter of 2014, principally due to higher sports betting payout. While sports betting wagers were up 2% in the first quarter, sports betting revenues were €39 million compared to €62 million last year due to a 10 percentage point increase in payout.

Total Lotto wagers for the quarter were up 16% to €1.82 billion compared to €1.57 billion last year, driven by strong performance in 10eLotto and late-numbers. Instant-ticket wagers declined 7% to €2.30 billion versus €2.48 billion last year, partially due to the cadence of new product introductions.

Machine gaming revenues were €135 million versus €145 million last year, reflecting the impact of the new Italian Stability Law.

Operating Income of €140 million compared to €158 million last year primarily reflects the impact of the higher sports betting payout.

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Pursuant to the Agreement and Plan of Merger, as amended, providing for the combination of GTECH and Legacy IGT, Philip G. Satre was appointed as Chairman of the Board of Directors and each of Patti S. Hart and Lorenzo Pellicioli was appointed as Vice Chairman of the Board of Directors.

Conference call and webcast

Today, at 8:00 a.m. EDT / 1:00 p.m. BST / 2:00 p.m. CEST, management will host a conference call to present the first quarter 2015 results. Listeners may access a live webcast of the conference call along with accompanying slides under "News and Presentations" on IGT's Investor Relations website at www.merger.igt.com/investors. A replay of the webcast will be available on the website following the live event.

To listen by telephone, the dial in number is +44 (0) 20 3450 9571 for participants in the United Kingdom and +1 646 254-3387 for listeners outside the United Kingdom. The conference ID/confirmation code is 2660253. A telephone replay of the call will be available for one week at +44 (0) 20 3427 0598 or +1 347 366-9565 using the conference ID/confirmation code 2660253.

About IGT

IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT generated approximately $6 billion in revenues in 2014 and has more than 13,000 employees.

For more information, please visit: www.merger.igt.com.

 

Corporate Communications,
Robert K. Vincent,
(401) 392-7452
Investor Relations,
James Hurley,
(401) 392-7190
Italian media inquiries,
Simone Cantagallo,
(+39) 06 51899030

 

SOURCE: International Game Technology PLC.

 

 

INTRALOT Advances Youth Entrepreneurship & Innovation

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ATHENS, Greece (May 4, 2015) -- INTRALOT organized a Business Day at the Company's Innovation Centre in Athens on May 11th 2015, attracting about 100 University students and graduates to an incursion into the business and research underpinnings of the gaming sector. During INTRALOT Business Day the participants had the opportunity to get acquainted with the company's international expansion and global operations, as well as with products and services. They also had the chance to exchange ideas with INTRALOT executives and to participate in an interactive workshop, where they took the challenge to tackle a gaming business case study..

"It is our pleasure to welcome all our young people to INTRALOT's Innovation Center. INTRALOT's growth depends on graduates skilled for a rapidly evolving labour market. Our goal is to promote the realization of your potential by exposing you to the realities of business life. Your dreams for a bright career can come true with dedication to your goals and consistency in what you do", said INTRALOT Group CEO, Mr. Antonios Kerastaris, in his opening speech.

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INTRALOT's Business Day was a follow-up to the "Panorama of Entrepreneurship and Career Development" initiative a 3-day event organized 20-22 March, 2015, by Athens University of Economics Professor Iordanis Ladopoulos and his team. Addressing the participants, Professor Ladopoulos stated: "I'd like to warmly thank INTRALOT and to applaud this initiative and the professionalism of INTRALOT corporate executives and organizing team. The Business Day was an enriching experience and the best edition of the event over the last three years. We were impressed by the attention given to detail, the well-structured and engaging workshop, the hospitality and the overall interest of the entire team."

Held for the 5th consecutive year, Panorama is one of the biggest youth entrepreneurship and career building events currently organized in Greece.

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, about 5.400 people and revenues of €1,85 billion for 2014, INTRALOT has established its presence on all 5 continents.

For more information CONTACT: Ms. Persa Kartsoli, Group Director of Corporate Communications, Phone: +30-210 6156000, Fax: +30-210 6106800, email: kartsoli@intralot.com.

SOURCE: INTRALOT.

 

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Score with the Core! - Alchemy3 Introduce Publishers Clearing House Lottery Games

ROSWELL, Georgia (May 12, 2015) - The Prize Patrol is coming! Alchemy3 is partnering with Publishers Clearing House (PCH) -- a leading provider of offline and online free to play games and sweepstakes-- to bring PCH-branded games to lotteries and their customers.

As lotteries shift some of their efforts back to the core player, the wide spread recognition of the Publishers Clearing House brand coupled with the dream of winning, make PCH an ideal partner for lotteries,” said Jeffrey Schweig, President of Alchemy3.

With a long-standing reputation for offering the pre-eminent sweepstakes, PCH also recently established itself online as a leading provider of digital "play and win" entertainment properties that are very popular with lottery core players,” Schweig added.

For decades Publishers Clearing House has been known as the sweepstakes, prize winning brand,” said Todd Sloane, Senior Vice President of PCH. “Through our online initiatives, we have also introduced Instant Win and Draw games, and I believe lotteries will not only score with their core, but also attract the thrill seeking generation of the online digital player," Sloane added.

"Lotteries will also be able to leverage the popular PCH Prize Patrol®, a group that travels the country surprising lucky cash prize winners with a big oversized check, balloons, roses and champagne. “Incorporating the Prize Patrol into lottery programs provides lottery marketers with a way to feature the ‘thrill of the win’ which we rarely have the opportunity to capture with our typical lottery games” Schweig concluded

About Publishers Clearing House

Since 1953, Publishers Clearing House has grown from a direct marketer offering magazine deals to a omni-present multi-channel brand that offers a range of merchandise for sale as well as a wide variety of "free to play" chances to win through their growing network of digital “play and win” entertainment websites. PCH’s programs cover the United States and Canada.

About Alchemy3

Started in 2007, Alchemy3 maintains trusted relationships with a majority of the North American lotteries and is one of a select few companies in America that holds exclusive licenses to companies like Publishers Clearing House, StubHub, Bass Pro Shops, The Home Depot, Honda and Norwegian Cruise Line. To learn more about Alchemy3, visit: alchemy3.com.

SOURCE: Alchemy3.

 

 

Scientific Games to Continue as Long-Time Instant Game Provider to Missouri Lottery

LAS VEGAS AND ATLANTA - (May 12, 2015) -- Scientific Games Corporation ("Scientific Games" or the "Company") today announced it has signed a two-year extension to its instant products contract with the Missouri Lottery ("the Lottery") under which Scientific Games will supply the Lottery with instant games for Missouri players. Since 1986, Scientific Games has served as the instant game provider to the Missouri Lottery, ranked 17th in the world for instant game per capita sales (La Fleur's 2015 Almanac). The Company will continue to provide instant games and services to the Lottery through June 30, 2017.

May Scheve Reardon, Executive Director, Missouri Lottery, said, "We look forward to continuing our nearly 30-year relationship with Scientific Games. Their strategic recommendations have made them a trusted partner to the Missouri Lottery, helping us grow our instant product category and return important dollars to support public education in Missouri year after year. " In fiscal year 2014, instant games represented 67 percent of the Missouri Lottery's revenue.

In addition to the design, programming and production of instant games, Scientific Games provides the Lottery with a player loyalty program, which includes 2nd Chance drawing administration, website marketing and support, merchandise prizes and fulfillment, and a mobile app. The Company also provides a portfolio of licensed brands to the Lottery such as MONOPOLY™, "AMC's The Walking Dead®" and Harley-Davidson® to enhance the entertainment experience for players in Missouri.

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"We are honored to continue our longtime partnership with the Missouri Lottery, sharing our global best practices for instant product portfolios to provide fun, entertaining instant and 2nd Chance games to players in Missouri," said John Schulz, Senior Vice President, Instant Products for Scientific Games. "Supported by insights from Scientific Games' recent global player segmentation study, our strategic recommendations will become even more important to the Lottery as they work to drive returns to education in the state."

In fiscal year 2014, the Missouri Lottery generated more than $1.1 billion in total retail sales, which included more than $753 million in instant product sales (La Fleur's 2015 Almanac).

About Scientific Games

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

About Missouri Lottery

The Missouri Lottery was created in 1985 and since 1994 has used its proceeds to help fund the state's public education programs, support Missouri businesses and entertain millions. The Missouri Lottery has contributed a total of $5 billion to Missouri and public education in the state.

Company CONTACT: Lottery Communications, Therese Minella, APR (770) 825-4219.

SOURCE: Scientific Games.

 

Gaming in Holland

 

Gaming in Holland Release Full Conference Schedule

The NETHERLANDS (May 13, 2015) -- The full schedule for the Gaming in Holland Conference is now online.

Highlights include sessions on the global and Dutch lottery markets, as well as sessions dedicated to future Dutch remote gaming regulation.

Notable speakers on the topic of future regulation include Marja Appelman, CEO at Netherlands Gaming Authority; Dennis van Breemen, Program Manager at the Ministry of Security and Justice; and Justin Franssen, head of the Gaming Practice Group at Kalff Katz & Franssen.

Declaration: Lottery Insider is a media partner with the Gaming in Holland Conference (http://www.gaminginholland.com/)

SOURCE: Gaming in Holland (http://www.gaminginholland.com/).

 

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New Digital Single Market Strategy for the EU

Lotteries support a well-regulated EU internal market that takes subsidiarity principle and cultural diversity of lotteries in the Member States into account

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BRUSSELS, Belgium (May 8, 2015) -- The European Lotteries association welcomes the approach followed by the European Commission in its strategy to boost the digital economy in the EU context where 28 jurisdictions coexist, and where therefore consideration of subsidiarity and of sector-specificity are needed, in the interests of European consumers.

This week, the European Commission adopted its "Digital Single Market Strategy for Europe" which includes 16 initiatives to boost the digital economy and foster the internal market online. The European Commission in its announcements follows a proportionate and appropriate approach which aims at removing unjustified cross-border barriers online, whilst confirming that in some specific areas, national regulations must prevail in the interest of the consumers.

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As EL President Friedrich Stickler notes: "In its strategy, the European Commission rightly addresses the EU economy's needs for digitalisation and innovation". Lotteries are strongly in favour of a well-regulated EU internal market whereby the principle of subsidiarity and the culturally diverse nature of lotteries in the Member States are taken into account. Lotteries stand united in a model that supports society and whereby innovative solutions in an online environment are pursued. In doing so, they stress the importance of ensuring the safety of the consumer in accordance with policies set by Member State governments; as well as strengthening possibilities for national authorities to ensure online security, including combating crime and anti-money laundering efforts and the fight against illegal operators. This is in line with the resolutions on online gambling adopted by the European Parliament that stress the very special nature of gambling.

For further information please contact: Friedrich Stickler, EL President and Board member, Austrian Lotteries Tel. +43.1.79070.1300, friedrich.stickler@lotterien.at

Jutta Buyse, EL General Delegate, Brussels Tel: + 32.(0)2.234.38.20, jutta.buyse@european-lotteries.eu

European Lotteries (EL)

European Lotteries (EL) is the European umbrella organisation of national lotteries operating games of chance for the public benefit. EL has members from 45 European countries including all 28 EU Member States. The association's EU members contribute more than 20 billion € p.a. to the state budgets and the funding of sport, culture, social projects, research and other causes of general interest. Unlike many commercial online gambling operators, EL members only offer gambling and betting services in the jurisdictions in which they are licensed by the respective national government.

SOURCE: European Lotteries (EL).

 

 

State of Digital Lottery Marketing Revealed in New Research by Lottovate

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WASHINGTON, D.C. (May 8, 2015) -- Exclusive research findings published by global digital lottery services provider Lottovate uncover the key trends and strategies being employed by lottery marketers on their digital channels and where improvements need to be made.

The research provides a succinct look at the state of play in digital marketing within the lottery industry and highlights vital areas of strength and weakness so that all lotteries can benefit from the experience of others.

Launched at the La Fleur's 2015 Lottery Symposium & Retailing Summit in Washington D.C this week the findings reveal lotteries that possess a bigger digital share of sales tend to have:

  • A more profound product development process, using surveys, tester groups or even different stages of tester groups;
  • A stronger belief that truly successful customer acquisition requires perfecting the right mix and balance of marketing channels; and
  • More advanced strategies for collecting and analyzing data, using it for forecasting future sales and identifying opportunities for up- and cross-selling.

 

Zuriñe Sáez de Viteri, managing director, Lottovate, says:

"Our research has identified what is currently working when it comes to digital lottery marketing, but crucially it's also uncovered critical areas for improvement.

"Whether these areas have emerged due to limits in terms of knowledge, experience, strategy, capacity, budget or other factors, Lottovate believes in working in true partnership with lotteries to help them overcome these obstacles and enable their digital channels to succeed."

Released as a free-to-download white paper, the report is based on qualitative research designed, conducted and analyzed by an independent consultant analyst and former researcher at The University of Freiburg in Germany. Interviews were carried out with executives and digital marketing experts from 14 state lotteries and licensed operators in Europe and Canada that currently have a digital sales channel..

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"From the outset, we wanted to take the most academic and scientific approach possible in order to create a report that would be of genuine value to the lottery industry," says Sáez de Viteri.

"We believe this has enabled us to create a truly open and in-depth study of the current and future state of digital lottery marketing which will provide lottery marketers with the insights they need to develop their marketing strategies and boost the strength of their digital channels," she added.

Lottovate draws on 16 years of experience in product innovation and development, player acquisition and customer relationship management (CRM). Combined with its data analytics, marketing and technology expertise, it acts as a partner of lotteries to develop digital lottery revenues, improve player experience and add measurable value through a range of services: digital retail, marketing partnership and multi-channel consultancy.

Download the white paper for free HERE

About Lottovate

Lottovate is passionate about digital lottery and the potential it offers the regulated lottery market, both in increasing revenues and attracting new players, responsibly. Indeed, digital is all we do.

We focus on managing player experiences that will deliver results, based on leading eCommerce practices and principles.

Most traditional suppliers to the lottery industry focus on the supply of technology, leaving lotteries to operate and build their businesses. Lottovate works in true partnership with lotteries to build a successful digital channel together on a shared basis, with Lottovate, not only supplying the multi-channel experience, but also managing the digital lottery channel and the day to day operations of attracting and retaining players.

Our services are available in two ways:

  1. as a full, end to end, multi-channel operation which we call "The Digital Retailer"; or
  2. for those lotteries that already have an interactive proposition, we can manage the player-facing marketing activity to optimise performance as "The Marketing Partner".

 

We can also offer our insight and experience on a consultancy basis.

CONTACT: info@lottovate.com / www.lottovate.com.

SOURCE: Lottovate.

 

 

Illinois Lottery's Newest Instant Games are Heating Up May

Get 'em while they're hot!

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CHICAGO, Illinois (May 7, 2015) -- The Lottery is showcasing four new instant games this month. Players can get a jump on summer with these new tickets that will join the Lottery's current line-up of popular instant games and long-time favorite numbers games like Lotto with Extra Shot and Lucky Day Lotto.

7-11-21 is Illinois' longest-running instant ticket and a classic customer favorite game that, for only $1, offers prizes up to $3,000. Overall odds of winning a prize on 7-11-21 are 1-in-4.84.

Players can take a spin with Slots of Luck. This $2 slot-themed game offers prizes up to $30,000; players can double their prize by finding a coin symbol. Overall odds of winning a prize on Slots of Luck are 1-in-4.22.

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Wild 10s gives players the chance to win $1,000,000 instantly. This new $10 ticket providing players with 16 chances to win and offers $48 million in cash prizes. Overall odds of winning a prize on Wild 10s are 1-in-3.51.

Players can purchase Wild 10s, Sizzlin' 7s, Slots of Luck and 7-11-21 at more than 8,100 Lottery retailers statewide.

About Illinois Lottery

Founded in 1974, the Illinois Lottery has contributed over $18 billion to the state's Common School Fund to assist K-12 public schools, as well as hundreds of millions of dollars to the Capital Projects Fund and to special causes like Illinois Veterans, the fight against breast cancer, MS research, Special Olympics, and assistance for people living with HIV/AIDS.

In addition to playing in-store, the Lottery offers online and mobile play for all draw-based Illinois Lottery games at illinoislottery.com. Players must be at least 18 years old.

SOURCE: Illinois Lottery.

 

 

New Jersey Grants Full Licensure to CAMS

NEW JERSEY (May 8, 2015) -- CAMS, LLC, the leader in providing online gambling and lottery operators with payment connectivity, Know Your Customer (KYC) verification services and geolocation, announced today that it has been granted a full Casino Service Industry Enterprise License from the New Jersey Division of Gaming Enforcement (DGE).

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This level of licensure exceeds the requirements of the New Jersey DGE. CAMS committed itself to a more rigorous certification process in order to illustrate its long-term commitment to the industry and set the gold standard for companies within the online gaming space.

New Jersey has been an important state for us as well as the industry at large,” said CAMS CEO Matthew Katz. “This was the first populous state in which to deploy and fine-tune age and ID verification as well as geolocation. We look forward to serving other states that adopt licensed and regulated online gaming.

Full licensure was the final step for CAMS, as it provides KYC verification and payments services to gaming sites within the state. CAMS was previously granted a provisional waiver by the New Jersey DGE in order to allow it to serve the industry during its rapid roll-out in 2013.

Using proprietary and industry-leading applications, CAMS provides merchants in the gaming industry with the tools they need to reduce risk, comply with regulations and increase profitability. Merchants leverage CAMS’ expertise in payments connections, Know Your Customer services such as age and ID verification, geolocation and fraud management - all through a single integration, thereby saving time, money and valuable resources.

The CAMS waterfall approach uses multiple age and identity sources to help legal-aged players gain approval and register for real-money play.

SOURCE: CAMS LLC.

 

 

Oregon Lottery Partners With Gamtalk to Help Oregon's Gamblers

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OREGON (May 12, 2015) -- When you are struggling with a gambling problem, sometimes you just need someone to talk to.

Beginning this month, the Oregon Lottery is teaming up with GamTalk - www.gamtalk.org - to provide a free online support service for Oregonians with gambling issues.

GamTalk is an "online community" that provides an opportunity for people to anonymously discuss their own gambling issues or their concerns about a friend or relative. It also provides an easy way to find out about local services for problem gamblers.

A non-profit organization developed by psychologist Dr. Richard Wood, GamTalk has been operating successfully in Canada since 2008. Partnering with the Oregon Lottery will be the first time a U.S. lottery has adopted this service.

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"We are thrilled to be partnering with the Oregon Lottery and through it provide our service to Oregonians," said Dr. Wood. "GamTalk provides a great way to start talking about gambling issues. It can be such a relief to discover that you are not the only person who is going through this. We have a fantastic community of people who share their stories and offer friendly advice and support to others."

Assistant Lottery Director for Marketing and Retail Sales Stacy Shaw said, "The Oregon Lottery is committed to promoting responsible gambling and connecting problem gamblers with free help and treatment. A resource such as GamTalk is yet another way for gamblers to find services and support. We are making the service available on the Oregon Problem Gambling Resource website at www.opgr.org that we sponsor along with the Oregon Health Authority and gambling addiction service providers throughout the state."

The anonymous nature of GamTalk makes it easier and less intimidating for people to discuss their gambling. Typically visitors to GamTalk start by reading about other peoples' experiences and then talk about their own situation when they feel they are ready. It is an effective resource for people who can't access support locally. It is also a helpful resource to use together with locally-provided services where available.

"We see that people are much more likely to seek local help when they have an opportunity to talk anonymously on GamTalk first," added Dr. Wood.

CONTACTS:

 

Dr. Richard Wood
Tel: + (1) 450 451 5924
Email: info@gamtalk.org
Joanie Stevens-Schwenger
Tel: 503-540-1181
Email: joan.stevens-schwenger@lottery.state

 

SOURCE: Oregon Lottery.

 

 

EUROMAT Joins Formal State Aid Complaint to the European Commission

Dutch Gaming Tax Proposals Constitute Illegal State Aid

The NETHERLANDS (May 11, 2015) -- The European Amusement and Gaming Federation EUROMAT has joined its Dutch member, the VAN Kansspelen Branche-organisatie, in filing a formal state aid complaint to the European Commission. The complaint argues that the Dutch Government will violate EU law if it allows online gambling companies to benefit from a tax rate of 20% compared to the 29% currently paid by their land-based competitors.

The filing sets the scene for a fiery debate at EUROMAT’s Gaming Summit on the 28th of May in Amsterdam. The Dutch State Secretary for Security and Justice Klass Dijkhoff is set to give a key note speech at the event and is likely to receive a tough reception from industry operators who feel that this proposal is simply an unjustified subsidy for online companies.

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EUROMAT President Annette Kok warned that the Dutch Government’s reasoning simply doesn’t add up ‘The Dutch Government has failed to demonstrate that this aid is necessary. Online operators will have to enter regulated markets and pay the applicable tax rates if they want to grow; for that reason licences will be attractive to online operators even if they have to pay the same tax as land-based businesses. The Dutch Government has provided no evidence to the contrary

Mrs. Kok questions whether the aid will be consistent with the ‘common interest objectives’ of the Dutch Government: ‘If they are allowed to push this through all they will achieve is a huge boost to the marketing budgets of international online operators who don’t need the Dutch Government’s help to remain competitive. Rather than channeling demand into regulated products, the Dutch Government is only going to succeed in increasing consumption overall with a likely rise in the risk of problem gambling’.

Commenting on the decision to file, EUROMAT Secretary General Kieran O’Keeffe said: ‘EUROMAT is taking a stand against a national policy decision which we believe is non-compliant with European law and is not in the interests of European consumers or our members.

Europe’s land-based private sector is united in its opposition to a proposal which unfairly discriminates against bricks and mortar businesses with no evidence to suggest that it will fulfil the intended objectives’.

European Gaming and Amusement Federation (EUROMAT)

The European Gaming and Amusement Federation (EUROMAT) is the voice of the landbased gaming entertainment industry in Europe. A highly regulated and highly taxed industry sector contributing more than 250,000 jobs across Europe. The organisation was established in 1979 to represent, through its affiliated national associations, private sector operators of gaming machines and the manufacturers that supply them. Today, EUROMAT has 16 national member associations from 11 European countries.

For further information please call Kieran O’Keeffe on +32 (0)476 900 255

 

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OLG Celebrates 40th Anniversary of Wintario With Support For Local Charities And Toronto 2015 Pan Am Games Torch Relay

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ONTARIO, Canada (May 13, 2015) -- Ontario Lottery and Gaming Corporation (OLG) is celebrating the 40th anniversary of WINTARIO – Ontario’s first provincial lottery game. The anniversary was marked with a celebration today at Toronto’s Yonge-Dundas Square where OLG previewed its support of the TORONTO 2015 Pan Am/Parapan Am Games Torch Relay and introduced the “All for Community Challenge” initiative, which builds on WINTARIO’s legacy of support in local communities throughout the province.

The first WINTARIO lottery draw was broadcast live on TV on May 15, 1975 from the Ontario Science Centre in Toronto. As part of today’s celebration, former WINTARIO host Faye Dance shared memories of her time travelling across Ontario with the live broadcast.

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For 22 years, WINTARIO held its draws across the province, in big cities, small towns and even smaller villages, giving away hundreds of thousands of dollars in lottery prizes and creating great legacies in each of those communities. Faye highlighted the important contributions WINTARIO grants made in communities such as the building of recreation centres, arenas and art galleries.

Today’s WINTARIO celebration was also attended by World Trampoline champion, Olympic and Pan Am gold medallist Rosie MacLennan. Rosie spoke about the importance of supporting amateur athletics in Ontario. Since January 2006, OLG’s Quest for Gold program has provided $93 million in support for Ontario’s amateur athletes and their coaches.

Beginning May 30, 3,000 torchbearers will carry the Pan Am flame that will share the Pan Am spirit in more than 130 communities.

OLG will celebrate the torch relay in dozens of those communities with exciting day and evening events. The Pan Am flame will make its final stop July 10, 2015 at the Opening Ceremony of the TORONTO 2015 Pan Am Games.

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In the proud tradition of WINTARIO, and central to OLG’s support for the TORONTO 2015 Pan Am Games Torch Relay, is the “All for Community Challenge” initiative which celebrates the work of local charities throughout Ontario.

Select local charities will have an opportunity to vie for a share of $10,000.

Just as the torch relay will leave behind indelible memories of the excitement of the games, the “All for Community Challenge” will help local charities create lasting legacies in dozens of communities.

Spectators at today’s WINTARIO celebration were also able to enter a draw for a chance to win one of 20 pairs of tickets to the TORONTO 2015 Pan Am/Parapan Am Games.

For more details on today’s event and to share your experiences, go to Twitter and use the hashtag #allforhere.

OLG is a provincial agency responsible for province-wide lottery games and gaming facilities. Since 1975, OLG has provided nearly $40 billion to the Province and the people of Ontario.

OLG’s annual payments to the Province have helped support health care; education, research, prevention and treatment of problem gambling; amateur sport through the Quest for Gold program; and local and provincial charities.

OLG is a Premier Sponsor of the TORONTO2015 Pan Am / Parapan Am Games.

SOURCE: OLG.

 

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The Texas Lottery and D.R. Horton to Announce Grand Prize ‘Texas Dream Home’ Winner

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AUSTIN, Texas (May 13, 2015) -- On May 15, the Texas Lottery® and D.R. Horton®* will announce the winner of a new home! One lucky Texas Lottery player will receive $500,000 to build a D.R. Horton Dream Home located in any Texas D.R. Horton Community. The drawing will be held at the beautiful Reserve at Westridge community in McKinney.

We are excited to give away the grand prize for a scratch-off game that was very successful for us,” said Gary Grief, executive director of the Texas Lottery. “The Texas Dream Home scratch-off game generated $35.2 million in sales and an estimated $7 million in revenue for public education.”

Players of the Texas Lottery’s Dream Home scratch-off game had the opportunity to enter their non-winning tickets into promotional second-chance drawings for a chance to become a finalist for the D.R. Horton Dream Home grand prize.

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Four finalists were chosen and will participate in the dream home giveaway event. Each finalist will select a key; however, only one key will open a door, revealing the winner of a brand new home. The event will be hosted by lifestyle guru, Steve Kemble.

We are excited to be collaborating with The Texas Lottery and The Home Depot®, and we’re honored to help one very lucky Texan realize their dream of owning and enjoying a beautiful D.R. Horton home for years to come,” said Donald R. Horton, Chairman of the Board for D.R. Horton.

The grand prize winner will receive $500,000 plus $166,665 (paid to the IRS for federal withholding taxes) for a total prize of $666,665, which can be used to purchase a D.R. Horton Dream Home. The winner will receive a private consultation session with the D.R. Horton Dream Home Sales Consultant who will assist the Dream Home winner throughout the home building project.

About the Texas Lottery

Beginning with the first ticket sold in 1992, the Texas Lottery has generated $22 billion in revenue for the state and distributed $45 billion in prizes to lottery players. Since 1997, the Texas Lottery has contributed $17 billion to the Foundation School Fund, which supports public education in Texas. As authorized by the Texas Legislature, certain Texas Lottery revenues benefit state programs including the Fund for Veterans’ Assistance. The Texas Lottery provides several entertaining games for lottery players including Powerball® , Mega Millions® , Lotto Texas® , All or Nothing™ , Texas Two Step® , Pick 3™ , Daily 4™ , Cash Five® and scratch-offs. For more information visit us on Facebook, Twitter, YouTube or at www.txlottery.org.

SOURCE: Texas Lottery.

 

 

Betconstruct Launches Asian View Sportsbook

MACAU, SAR (May 13, 2015) -- BetConstruct, an award-winning developer and provider of online and land-based betting and gaming solutions and services, announces that it is now offering a localised version of its industry leading Sportsbook that will appeal to the wider audience in Asia and to players who prefer an Asian View to their Sportsbook. The Asian View Sportsbook will be unveiled during the G2E Asia in Macao.

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The Asian View Sportsbook provides a more familiar experience for players, especially those active in ‘in-running’ betting for soccer. The Asian View also provides greater visibility to betting opportunities categorised primarily by time and then by sport or league.

Asian players demand a more time focused and uniform layout of markets as well as regular updates of odds,” said Stuart Baker, BetConstruct’s Chief Product Owner. “This update to our Sports betting offering, coupled with our 20,000 live matches a month, will provide operators with a compelling user experience that meets the needs of players who prefer this Asian style of betting. Alongside our new Asian Sportsbook View we provide the Back End tools that meet the operational needs in Asia. Our Agent solution, tailored for the Asian market, includes a customisable Agent System, Cash Management, Agent Back Office tools and Reporting."

BetConstruct

BetConstruct is an award-winning developer and provider of online and land-based betting and gaming solutions and services. BetConstruct’s innovative and proven offerings include market leading online and land-based Sportsbook, Live Dealer Casino, RNG Casino Suite, Poker, Skill Games, Virtual Betting, Financial Betting and Fantasy Sports. BetConstruct currently powers 120 partners globally, fully supporting them in offering their players the finest betting and gaming experience, while efficiently managing their business through a single back office suite. For more information, please visit BetConstruct website at: www.betconstruct.com.

SOURCE: BetConstruct.

 

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AGTech Announce 2015 First Quarterly Results

  • Shows strong sales momentum with revenue rising 88.5% year-over-year
  • Benefits from regulatory and policy developments in China to accelerate business expansion

 

HONG KONG, SAR (May 11, 2015) -- AGTech Holdings Limited (“AGTech”, together with its subsidiaries, the “Group”) (SEHK code: 8279), the leading integrated gaming company in China’s lottery market, announced its 2015 first quarterly results reaching sustaining business growth.

During the quarter under review, the Group recorded an increase in sales of approximately 88.5% to HK$48.5 million while gross profit increased by approximately 20.9% to HK$14.9 million. Most of the revenue was derived from the gaming technologies business (game software, systems, hardware and terminals) and the provision of sports lottery management and marketing consultancy services in the PRC. The increase in revenue was mainly due to the improvement of the sales of the Group’s hardware division attributable to the sales of newly added hardware and technical services.

Lottery Game and System / Virtual Sports Betting

During the quarter under review, the Group continued to supply its virtual sports lottery games “e-Ball Lottery” and “Lucky Racing” to the launch provinces of Jiangsu and Hunan respectively. These two games and the underlying betting transaction system on which these games run are supplied by AGT, the Group’s majority-owned joint venture with Ladbroke Group (a world leader in sports betting and gaming, based in the United Kingdom). Following the successful launch of Lucky Racing and e-Ball Lottery, virtual sports lottery has become a high growth and diversified game category and it is fully accepted by China’s market.

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Lucky Racing has become a very popular lottery game in Hunan Sports Lottery. The Group’s technical partners at the Sports Lottery have completed the technical preparation work of the national high frequency game platform and have satisfied the technical requirements necessary to carry the Lucky Racing game to other provinces beyond Hunan and the game is expected to be supplied to more province(s) in China in the relatively near future. In close cooperation with the customers and the relevant lottery authorities in China, the Group is continually optimising e-Ball Lottery and is encouraged by the potential of this game. Like Lucky Racing, the Group expected that the game will roll out to more provinces in China in due course.

To date, Lucky Racing and e-Ball Lottery have been successfully launched in traditional dedicated Sports Lottery shops and the games are expected to be deployed to more province(s) via this channel. In addition, in due course, the games could be deployed in selected leisure venues (such as coffee shops and restaurants) and, as approved lottery products, the games have the potential to expand nationwide through other remote channels such as mobile and internet.

Gaming Hardware and Research and Development

Through GOT and the recently acquired Zoom Read, AGTech’s hardware division supplies 29 provinces, cities and municipalities in China with lottery hardware. Zoom Read is a leading manufacturer and supplier of paper scratch card sales hardware in China while GOT is the leading manufacturer and supplier of betting terminal equipment of China’s Sports Lottery.

AGTech is continuing to pursue international opportunities for its hardware and currently the Group is in active discussions with a number of potential international customers and/or distributors and the Group has machines live or on trial in markets such as South Africa, Cyprus, the United Kingdom, Italy, Austria and Canada. In relation to the Group’s hardware business division, in addition to the on-going provision of existing products, the Group continues the research and development of new products based on market demand and grows its share in the domestic market while actively expanding its international market.

Online and Mobile Lottery Distribution Business

In the internet and mobile smart phone channel, the China lottery authorities are actively optimising relevant policies and strengthening regulations, and the Group continues to closely monitor policy developments with respect to the government approval of lottery sales via internet and mobile.

In the internet channel, the authorities are working on a national (as opposed to provincial) internet distribution system. It is anticipated that sales of the Group’s approved games, Lucky Racing and e-Ball Lottery, are likely to benefit strongly when such a system is introduced. With respect to mobile smart phones, as evidenced by the recent Ministry of Finance relevant policies, China’s lottery market has started to activate the trial sale of new category of mobile phone lottery games in various provinces. The Group is well positioned to participate in this market in various aspects through its subsidiary.

Mr John Sun, Chairman & CEO of AGTech, said, “We expect 2015 to be a year of significant regulatory progress in the China lottery industry. Based on accurate interpretation of national regulations and policies, we have successfully grasped industry trends and consistently formulated our long-term and stable strategic positioning and business development strategies over many years. We believe that, following the regulatory evolution of the Chinese lottery industry and relying upon our competitive advantages formed in game development and channel construction, we are well-positioned to achieve a significant breakthrough in business development in the near future.”

About AGTech

The Group is the leading integrated gaming company in China’s lottery market. The Group is principally engaged in (i) gaming technologies (game software, systems, hardware and terminals); (ii) online and mobile lottery; and (iii) lottery management. The Group is committed to applying international management concepts and advanced technologies to the lottery industry in various areas such as lottery systems, lottery hardware, lottery games, internet and mobile smart phone systems and distribution, wireless network and streaming media, thereby providing China’s lottery authorities and millions of lottery players in China with professional, integrated lottery services.

Through Asia Gaming Technologies Limited (“AGT”) and its subsidiaries, the Group’s joint venture with Ladbroke Group, the Group has developed and successfully launched China’s only Ministry of Finance-approved virtual fixed odds sports betting system as well as its first games, “Lucky Racing” and “e-Ball Lottery”.

The Group has a team of over 200 professionals and the footprint of its lottery business now covers over 80% of the provinces and municipalities across China. The Group is a member of the World Lottery Association (WLA) and the Asia Pacific Lottery Association (APLA).

For more information, please visit: www.agtech.com.

For investor enquiries, please contact: AGTech Holdings Limited, Geaspar Byrne CFA, Tel: (852) 2599 7111. Email: geaspar.byrne@agtech.com

SOURCE: AGTech Holdings Limited.




 

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