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The WEEK in REVIEW
A Weekly Snapshot of the Top Lottery and Gaming News Stories





Vol. 75 No.9 - Monday May 30, 2016


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International Game Technology PLC Reports First Quarter 2016 Results

  • Adjusted EBITDA of $460 million; pro forma operating income up across all segments
  • Strong global lottery growth, especially in North America and Italy; resilient global gaming revenues
  • Adjusted EPS of $0.57; reported EPS of ($0.46) reflects non-cash foreign exchange impact
  • Cash dividend declared of $0.20 per ordinary share
  • Investor Day to be held on June 21-22, 2016

 

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LONDON, U.K. (May 26, 2016) -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2016. Today, at 8:00 a.m. EDT / 1:00 p.m. BST / 2:00 p.m. CEST, management will host a conference call and webcast to present the first quarter results; access details are provided below.

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...

"We begin 2016 with a solid first quarter, evidenced by good revenue growth with all operating segments contributing to an improvement in profitability," said Marco Sala, CEO of IGT. "Continuing growth across all regions, especially North America and Italy, propelled our lottery revenues. Gaming revenues were resilient despite challenging market conditions in North America, our largest gaming market. We remain focused on reenergizing gaming operations and strengthening our global leadership in lotteries. We were successful in securing the Italian Lotto concession, one of our largest contracts and a cornerstone of our Italian operations."

"The diversity of our product and geographic mix is a key element of our first quarter results," said Alberto Fornaro, CFO of IGT. "Revenue growth, disciplined cost management, and synergy savings all contributed to sharp profit expansion. Even after large interest payments during the period, we generated significant free cash flow, enabling us to reduce debt in constant currency and further improve our leverage profile."

Comparability of Results

All figures presented in this news release are prepared under U.S. GAAP, unless noted otherwise.

As a result of the combination of GTECH S.p.A. ("GTECH") and International Game Technology ("legacy IGT"), which was completed on April 7, 2015, a number of items affect the comparability of reported results.  Reported financial information for the first quarter of 2016 includes the results of operations of IGT for the entire period, while reported financial information for the first quarter of 2015 includes only GTECH operations. Pro forma figures represent the combined results of both companies.

Adjusted figures exclude the impact of items such as purchase accounting, impairment charges, restructuring expense, foreign exchange, and certain one-time, primarily transaction-related items.  Reconciliations to the most directly comparable U.S. GAAP measures are included in the tables in this news release. Constant currency changes for 2016 are calculated using the same foreign exchange rates as the corresponding 2015 period.

Management believes that referring to certain pro forma, constant currency, or adjusted measures is a useful way to evaluate the Company's underlying performance.

Overview of Consolidated First Quarter Results

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Reported consolidated revenue grew 51% to $1,282 million from $848 million in the first quarter of 2015, reflecting GTECH's acquisition of legacy IGT. On a pro forma, constant currency basis, consolidated revenue rose 4%. Revenue growth primarily reflects strong lottery performance, particularly in North America and Italy. Global lottery same-store revenue, excluding Italy, increased 18% during the first quarter, reflecting the benefit of the record Powerball jackpot in the United States. Revenue from gaming was slightly below the prior-year period. During the quarter, the Company sold 5,695 gaming machines worldwide.

On a reported basis, adjusted EBITDA of $460 million was 43% above the first quarter of 2015.  On a pro forma, constant currency basis, adjusted EBITDA was 12% greater than in the prior-year period as overall sales growth was accentuated by favorable revenue mix and synergy savings.

Reported operating income was $188 million compared to $163 million in the first quarter of 2015. On a pro forma, constant currency basis, adjusted operating income was 35% above the first quarter of 2015, which included significant bad debt expense. In addition, revenue growth, overall sales mix, and synergy savings all contributed to the increase in adjusted operating income.

Interest expense was $118 million compared to $94 million in the prior-year period.

Net loss attributable to IGT was $93 million in the first quarter of 2016, reflecting the impact of $162 million in primarily non-cash foreign exchange losses. On an adjusted basis, net income attributable to IGT was $116 million. The Company reported net loss per diluted share of $(0.46) but earned $0.57 per diluted share on an adjusted basis.

Cash from operations was $206 million in the first quarter and capital expenditures were $98 million.

Cash and cash equivalents were $506 million as of March 31, 2016, compared to $627 million as of December 31, 2015. Consolidated shareholders' equity totaled $3,292 million and net debt was $7,722 million as of March 31, 2016.

Operating Segment Review

North America Gaming & Interactive

Revenue for the North America Gaming & Interactive segment was $339 million compared to $30 million in the first quarter of 2015. On a pro forma basis, revenue was essentially in line with the prior year.

Service revenue was $258 million compared to $13 million in the prior-year period. On a pro forma basis, service revenue was in line with the first quarter of 2015 as increased software revenues offset a decline in the installed base. DoubleDown revenue was unchanged from the prior year.

Product sales were $81 million compared to $17 million in the first quarter of 2015. On a pro forma basis, product sales declined 3% as lower machine unit volume was partially offset by higher systems sales. The segment shipped 3,951 units compared to 5,241 units in the first quarter of 2015, which included a large, one-off lease conversion sale in Maryland as well as sizeable VLT sales in Canada and Oregon. Excluding one-time items, commercial casino replacement units were up double-digits from the prior-year period.

Operating income for North America Gaming & Interactive was $89 million compared to $7 million in the first quarter of 2015. On a pro forma basis, North America Gaming & Interactive operating income rose 89%, largely due to the comparison with bad debt expense in the prior-year period as well as favorable revenue mix and synergy savings.

North America Lottery

North America Lottery revenue was $315 million in the first quarter of 2016, 25% higher than the prior year on a reported basis and 16% greater on a pro forma basis.

Service revenue increased 26% on a reported basis and was 16% higher than the prior year on a pro forma basis, reflecting 23% same-store revenue growth and favorable LMA comparisons. The significant increase in same-store revenue was supported by the record Powerball jackpot in the period, in addition to strong instant ticket sales and solid local draw-based game performance. Product sales were $11 million in the quarter compared to $12 million in the prior-year period.

Operating income for North America Lottery was $88 million compared to $43 million in the first quarter of 2015. On a pro forma basis, operating income for North America Lottery rose 61% on strong same-store revenue growth, operating leverage, and cost control. The first quarter results represent record profits for the North America Lottery segment, even without the Powerball benefit.

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International

International revenue was $185 million compared to $131 million in the first quarter of 2015 on a reported basis. On a pro forma, constant currency basis, International revenue declined 2% from the prior year.

International lottery same-store revenue was up 2%, with broad-based strength in Europe partially offset by weaker trends in Latin America. Lottery product sales were below the prior-year period, which benefited from large sales in New Zealand and Singapore.

International gaming service revenue was $47 million compared to $13 million in the first quarter of 2015 on a reported basis, and was up 4% on a pro forma, constant currency basis, on growth in interactive and the South Africa installed base. Revenue from gaming product sales was in line with the prior year on a pro forma, constant currency basis. The segment shipped a total of 1,744 gaming machines internationally during the first quarter of 2016 compared to 1,587 units in the prior-year period, reflecting demand for new cabinets.

International operating income was $33 million compared to $27 million in the first quarter of 2015. On a pro forma, constant currency basis, International operating income was up 41%, reflecting favorable revenue mix and lower operating costs.

Italy

Revenue in the Italy segment was $444 million compared to $434 million in the first quarter of 2015.

Total Lotto wagers in the quarter were €1,928 million, a 6% increase from the prior-year period, when wagers had already posted 16% growth. Strong Lotto performance was achieved with double-digit expansion for 10eLotto and a significant contribution from late numbers that more than offset lower core wagers. Instant-ticket wagers rose 2% to €2,355 million, supported by several new product introductions.

Machine gaming service revenue declined 3%, impacted by increased Stability Law taxes and fewer AWP units. Excluding the Stability Law impact, revenues were flat as the overall productivity and mix of gaming machines improved over the prior year. 

Operating income for Italy was $148 million, 2% below the first quarter of 2015 on a reported basis but 2% higher on a pro forma, constant currency basis. The increase in operating income was driven by strong lottery performance, lower sports betting payout, and disciplined cost management, partially offset by higher Stability Law taxes.

Other Developments

The Company's Board of Directors has declared a quarterly cash dividend of $0.20 per ordinary share. The dividend is payable on June 23, 2016 to all shareholders of record as of the close of business on June 9, 2016.

On May 17, 2016, the Italian regulator Agenzia delle Dogane e dei Monopoli awarded the concession for the Lotto game to Lottoitalia, a joint venture led by IGT subsidiary Lottomatica. The new concession has a nine-year term, commencing on November 29, 2016. In conjunction with the award, the €350 million first installment of upfront concession payments was made in May.

In the first quarter of 2016, the Company recorded a $15 million reserve related to the anticipated cost of settling certain tax matters in Italy covering the years 2006-2014 and involving the structuring of the original leveraged buyout of GTECH Holdings Corporation by Lottomatica S.p.A. On May 26, 2016, the Company agreed to pay €11 million to the Italian Tax Agency (Agenzia delle Entrate) to settle the claim for tax years 2006-2010.

Investor Day

The Company will host an investor day on June 21-22, 2016 in Rome, Italy. At the event, presentations will be made by Marco Sala, CEO, and other members of the Company's executive team. Interested parties may contact Investor_Relations@IGT.com for additional details and to register for the event.

Outlook

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The Company continues to expect to achieve adjusted EBITDA of $1,740-$1,790 million for the full year 2016 period, supported by growth in core operations and using an average euro/dollar exchange rate of 1.10 versus 1.11 last year. A modest headwind is expected from other currencies, notably the British pound, the South African rand, and certain Latin American currencies.

Capital expenditures excluding Lotto concession payments are expected to be $575-$625 million. Lotto-related capital expenditures are estimated at $695 million, including $660 million in upfront payments and approximately $35 million for infrastructure upgrades. Net debt is still expected to be $7,700-$7,900 million at the end of 2016.

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 2016 results. Listeners may access a live webcast of the conference call along with accompanying slides under "News, Events and Presentations" on IGT's Investor Relations website at www.IGT.com. 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 3427 1907 for participants in the United Kingdom and +1 212 444 0896 for listeners outside the United Kingdom. The conference ID/confirmation code is 7945074. 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 7945074.

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 has over 12,000 employees. For more information, please visit www.IGT.com.

CONTACT:

Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452

James Hurley, Investor Relations, (401) 392-7190

Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries.

SOURCE: IGT.

 

 

Shareholders’ Annual General Meeting

INTRALOT Reveals New Strategy for Growth

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ATHENS, Greece (May 26, 2016) -- In his address to the annual General Meeting of INTRALOT Shareholders held today at the company's Innovation Centre in Athens, INTRALOT Group CEO, Mr. Antonios Kerastaris, revealed INTRALOT´s strategy going forward, “By 2019 the global gaming market is expected to surpass €500 bn with main drivers new markets opening and market privatizations, new regulation frameworks, and the players’ demand for an omni-channel, personalized experience across all delivery channels.

Intralot Panel

INTRALOT will exploit these opportunities with a best-of-breed portfolio of products and services addressing modern consumer trends that enhance the customer’s experience and an M&A strategy, aiming at growing our business through local partnerships.

INTRALOT CEO discussed details of transactions in Italy with Gamenet, in Bulgaria with Eurobet, and in Peru with the Nexus Group, announced this morning. Specifically, INTRALOT finalized and signed an agreement to merge its Italian activities into those of Gamenet, retaining 20% control of the new entity that will have a total turnover of €1 bn and a network of 750 betting shops, 50,000 AWPs and 8,200 VLTs and 60 exclusive gaming halls.

In Bulgaria, INTRALOT will acquire 49% share of Eurobet, the main KINO, scratch and lottery operator, complementing its betting portfolio as 49% shareholder of Eurofootball since 2002.

Finally, in Peru INTRALOT is teaming up with the leisure brand of Nexus Group, a leading conglomerate of supermarket chains, construction and financial products.

By means of a new portfolio roadmap that envisages novel products and services across all industry content verticals and these transactions INTRALOT plans to secure sustainable EBITDA growth, solid cash flow generation and rapid reduction of Net Debt/EBITDA ratio (deleverage).

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Financial year 2015 and 1Q2016 results already show revenue and Net debt stabilization and an increase in EBITDA and EBITDA margin in a like-for-like basis, in spite of a recent FX headwind in certain markets.

About INTRALOT (www.intralot.com)

INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 57 regulated jurisdictions around the globe. With €1.91 billion turnover and a global workforce of approximately 5,100 employees in 2015, INTRALOT is an innovation – driven corporation focusing its product development on the customer experience.

The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise.

Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT).

Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive.

For more information CONTACT: Ms. Dimitra Tzimou, Corporate Relations Manager, Phone: +30-210 6156000, Fax: +30-210 6106800, email: tzimou@intralot.com.

SOURCE: INTRALOT.

 

 

Gaming Laboratories International (GLI®) Appoint April Augustine as Director of Marketing

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LAS VEGAS, Nevada (May 25, 2016) – Gaming Laboratories International (GLI®) announced the appointment of April Augustine as Director of Marketing. In her new role, Augustine joins the GLI marketing team, directing the company’s marketing communications and branding strategy. In addition, she spearheads all marketing activities worldwide.

We are thrilled to welcome April to the GLI global marketing team,” said GLI Vice President of Worldwide Marketing Christie Eickelman. “GLI serves regulators, suppliers and operators in more than 475 jurisdictions worldwide. With her diverse and successful marketing background, combined with a thorough knowledge of the gaming industry, April brings a unique insight to GLI that will help us communicate even more effectively with our clients, particularly at this time, when there are so many exciting things happening at the company.

April Augustine
April Augustine

Augustine is an award-winning professional with over 15 years of experience leading a variety of integrated marketing plans. Most recently, Augustine was Director of Marketing for DALLASWHITE Property Restoration.

Prior to DALLASWHITE, she spent nine years implementing marketing strategies for prominent gaming innovations at Bally Technologies, Inc., where she held a variety of progressive roles within the organization, including Director of Corporate Marketing, Online

Marketing Strategist, Director of Systems Marketing and Systems Marketing Manager. During her tenure with Bally, Augustine was recognized by the American Gaming Association (AGA), receiving five Pinnacle communications awards.

Previously, Augustine worked with Network Associates (formerly McAfee Securities), Hewlett-Packard and Cisco Systems. She graduated with a B.S. in Advertising from San Jose State University and M.S. in Computer Information Systems from the University of Phoenix.

About Gaming Laboratories International

Gaming Laboratories International, LLC delivers the highest quality land-based, lottery and iGaming testing and assessment services. GLI’s laboratory locations are found on six continents, and the company holds U.S. and international accreditations for compliance with ISO/IEC 17025, 17020, and 17065 standards for technical competence in the gaming, wagering and lottery industries. For more information, visit www.gaminglabs.com.

CONTACT: Christie Eickelman, Vice President of Worldwide Marketing, T: +1 (702) 914-2220 or E: c.eickelman@gaminglabs.com.

SOURCE: Gaming Laboratories International, LLC.

 

 

Loterie Romande’s 2015 Results: Stable Level of Profits Distributed for the Public Good

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LAUSANNE, Switzerland (May 24, 2016) -- After a good 2014, Loterie Romande consolidated its results over the past financial year, characterised by a blatant lack of attractive jackpots for the flagship Euro Millions and Swiss Loto games. Although gross gaming revenues dipped slightly to CHF 377 million, net profit held steady, coming in at CHF 209.5 million. In an increasingly competitive landscape in the gambling sector, the diverse range of games on offer from Loterie Romande, the high quality of its sales network and tight control exerted over operating costs paid off and contributed to maintaining the high level of profits available for allocation to social, cultural, sports and environmental projects.

The draft bill on the new Swiss Federal Law on Gambling is currently being debated in the Swiss Parliament. In light of the balanced positions achieved during the consultation process, especially with regard to social responsibility, it is vital this draft legislation not be degraded by any amendments that might damage the competitiveness of public-interest lottery companies.

In order to compete against, in particular, rival gambling operators hawking their illegal games via the Internet, authorised lottery operators must be able to propose attractive, profitable and socially responsible games so as to guarantee the long-term sustainability and stability of profits distributed to support cultural, social and sporting projects for the public good.

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Provisions set forth in this law must be such as to ensure that profits generated from gambling, pursuant to Article 106 of the Swiss Federal Constitution, are indeed allocated to public-interest projects and not diverted into the coffers of private gambling operators.

On Tuesday, at Loterie Romande’s new flagship head office in avenue de Provence in Lausanne, Loterie Romande convened its annual press conference to announce its operating results for 2015, under the Chairmanship of Mr Jean-Pierre Beuret, alongside Loterie Romande’s CEO, Mr Jean-Luc Moner-Banet, and the Chairman of the Conference of the Chairs of the Distributing Bodies (CPOR), Mr Jean-Paul Monney.

Stable results announced

In 2015, gross gaming revenues (GGR), i.e. the sums of money staked less winnings paid out to players, totalled CHF 377 million, just 2.8% down from 2014 levels. Few huge jackpots available on the Euro Millions and Swiss Loto lottery games during the course of last year impacted sales and can be blamed for this dip in GGR.

Net profit for the year totalled CHF 209.5 million. This total, distributed to the cantonal bodies tasked with redistributing Loterie Romande’s profits and to sport, was steady relative to its 2014 level (CHF 209.9 million). The release of around CHF 5 million in provisions and an effective control over operating costs contributed to this sound profit performance, which helped to keep levels of funding distributed for the public good high.

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With 282 staff on its books as of 1st January 2016, Loterie Romande paid out in 2015 CHF 70.5 million in commission fees to the 2,650 retailers distributing its games throughout French-speaking Switzerland. Through these payments, Loterie Romande makes a significant contribution to local neighbourhood businesses (kiosks, cafés/bars, restaurants) located in city centres, on the outskirts of towns or in villages in the country.

Distribution of profits

Around 3,000 public-service foundations and institutions received funding from Loterie Romande in 2015. On average, over CHF 500,000.– were distributed daily to social, cultural and sports projects in French-speaking Switzerland.

After deduction of the CHF 3.8 million destined for the Association pour le développement de l’élevage et des courses (ADEC; Association for the Promotion of Horse Breeding & Racing), net profits for 2015 were distributed according to the following split: 5/6ths, i.e. CHF 171.4 million, went to the cantonal distributing bodies to fund projects in the social-welfare, cultural, educational or environmental fields, with the remaining 1/6th or CHF 34.3 million going to sport.

As in past years, Loterie Romande paid the 0.5% duty levied on its GGR, i.e. a sum of CHF 1.88 million, which is destined for preventing and combating gambling addiction.

New Swiss gambling law

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On 21 October 2015, the Swiss Federal Council transferred the draft bill for the new Gambling Act to the Swiss Parliament (BGS/LJAr). The bill, drafted after consultation with all interested parties, is both consistent and well balanced. It ensures proper protection for the population against those dangers associated with gambling, setting out a series of tangible measures to clamp down on illegal gambling and games, such as the blocking of unauthorised Internet sites. In light of the balanced positions achieved during the consultation process, especially with regard to social responsibility, Loterie Romande is adamant this bill should not be watered down by any amendments that might damage or blunt the competitive edge of public-interest lottery and sports betting companies. Provisions set forth in this law must be such as to ensure that profits generated from gambling, pursuant to Article 106 of the Swiss Federal Constitution, are indeed allocated to public-interest projects and not diverted wholly into the coffers of private gambling operators or companies running competitions and games for their own commercial gain.

In an increasingly competitive gambling industry, this new legislation must enable lottery operators to propose attractive, profitable and socially responsible games so as to guarantee the long-term sustainability and stability of profits, totalling almost CHF 600 million each year, distributed by Loterie Romande and Swisslos, to support cultural, social and sporting projects for the public good.

Supporting sport: increased backing for Swiss Olympic

Loterie Romande and Swisslos, the intercantonal lottery operator for German-speaking Switzerland and the Canton of Ticino, have decided to boost their annual contribution to Swiss OIympic by CHF 15 million to support, in particular, both current and up-and-coming elite athletes. Of the 15 million, CHF 4 million will

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come from Loterie Romande and CHF 11 million from Swisslos – these contributions will push the total sum distributed to Swiss Olympic by the two lottery companies to CHF 40 million from 2017. Loterie Romande and Swisslos have added their weight to Swiss Olympic’s drive aimed at enabling Swiss sport to remain competitive in international sporting arenas. The extra money being distributed to Swiss Olympic will be allocated to the athletes themselves, their support teams and facilities. These contributions bear sound testament to the major role Swiss lottery companies play in supporting sport.

As a reminder, the funds allocated by Loterie Romande to sport, some CHF 34.3 million, is split two-ways: first to the cantonal sports bodies (CHF 27.7 million) to help fund amateur and grassroots sport (facilities, next generation of active sports participants, local sports events, etc.); second to the Sport-Toto company which redeploys its share (CHF 6.6 million) to support Swiss Olympic, the Swiss Football Association, and the Swiss national football and ice hockey leagues.

The company’s new premises

In March 2016, Loterie Romande brought all of its operations together onto a single site at 14 avenue de Provence in Lausanne. Work to add a new floor in the attic space and renovation to refurbish the already existing building were undertaken by local contractors, and the project has allowed significant and tangible improvements in terms of sustainability.

CONTACTS: Mr Jean-Pierre Beuret, Chairman, T: 079 332 01 00 or Mr Jean-Luc Moner-Banet, CEO, 079 310 78 69.

SOURCE: Loterie Romande.

 

 

Returns to Good Causes Pass £35 Billion As Camelot Delivers Another Record Year for the National Lottery

Best-ever performance driven by digital innovation and growth

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UNITED KINGDOM (May 24, 2016) -- Camelot UK Lotteries Limited (‘Camelot’) today announced that National Lottery players have now raised over £35 billion for Good Causes since the lottery’s launch in 1994. The total has been reached after Camelot delivered another record-breaking year for The National Lottery in 2015/16, with impressive digital growth driving annual sales to an all-time high of £7,595 million, an increase of £317 million on the previous year.

Announcing the landmark figures, Camelot CEO Andy Duncan said: “It’s amazing that National Lottery players have now raised over £35 billion for Good Causes – which breaks down as over 150 lottery grants in every neighbourhood. That’s a measure of the huge, life-changing good that The National Lottery does for the UK.

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“I’m delighted by the fantastic year we’ve had – especially across our digital channels. With our own world-leading mobile platform and over eight million registered online players, Camelot leads the field of digital lottery innovation. To build on the year’s outstanding performance, we’ve got some really exciting plans lined up – starting with Rio, where The National Lottery is supporting our elite athletes in their quest for gold.”

Camelot’s performance during the year saw Good Causes and players share a record £6 billion – underlining how The National Lottery is continuing to transform the lives of individuals and communities across the UK. Combined with the Lottery Duty it pays to the Government and the commission earned by its retail partners, Camelot returns 95% of all revenue back to society.

In the year to 31 March 2016, Camelot raised £1,901 million for Good Causes (excluding investment returns) – more than £36 million every week – to take the total delivered to date to over £35 billion. Over the same period, Camelot awarded a record £4,198 million in prizes to players and created almost one new millionaire a day. The National Lottery has now awarded over £59 billion in prizes and created more than 4,250 millionaires or multi-millionaires since its launch.

Camelot’s success in achieving record sales in 2015/16 was driven by strong growth across The National Lottery’s digital channels, with sales through mobile (smartphones and tablets) soaring by 53%. Of this, smartphone growth was particularly strong – with sales through these devices increasing by 71% year-on-year.

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Andy Duncan, Camelot CEO, Liz Nicholl CBE, CEO of UK Sport, and Sir Steve Redgrave in central London today as Camelot announced it has raised £35 billion for Good Causes since The National Lottery's launch in 1994.

Boosted by a range of exciting new instant win games, innovative app enhancements and the launch of the first-ever mobile payment option through Barclays Pingit, mobile sales now account for almost half of all interactive National Lottery sales – with mobile players alone raising over £175 million for Good Causes last year.

Sales over the year were also buoyed by impressive growth across The National Lottery’s GameStore range of online and in-store instant play games, following the launch of over 70 innovative new games and the introduction of second chance draws to give players more chances to win prizes.

Sales of Lotto increased in 2015/16 too, following the changes Camelot introduced last autumn to give players more chances than ever to become a millionaire.

In six months after the changes, Lotto created over 100 millionaires – more than double the number of millionaires than in the preceding six months – and awarded more in prizes to players.

Today’s announcement by Camelot coincides with the half-way point of its current licence to operate The National Lottery – and its performance over this seven-year period reinforces its position as one of the world’s leading lottery operators, with an unrivalled track record in innovation and long-term, responsible growth.

In just seven years, Camelot has succeeded in growing total sales by almost 50%. This has enabled it to raise more for Good Causes in the first half of this licence period – £12.4 billion – than it did in each of the first two full National Lottery licence periods.

This far exceeds the additional £60-£100 million a year for Good Causes that Camelot was expected to raise during this licence period – and means that the company is now delivering £11 million a week more for Good Causes than it was at the start of the licence in 2009.

On top of that, The National Lottery has created almost as many millionaires in the first seven years of this licence period (2,050) as it did over the first 15 years of The National Lottery (2,200).

NOTE: Total ticket sales and all related financial results figures for 2015/16 are subject to final audit.

For further information, please CONTACT: Camelot Press Office: 020 7632 5711.

SOURCE: Camelot.

 

 

Veikkaus’ 75th Anniversary Turned Out a Year of Record Success — Profit Went Up to EUR 537 Million

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VANTAA, Finland (May 23, 2016) -- Veikkaus’ 75th anniversary was a year of success. We managed to improve our profit by 3.2 percent, the financial result attaining EUR 537.1 million. The turnover for the financial year went up to EUR 2095.3 million (+6.9%).

We have made strong investments in the development of Veikkaus’ game portfolio and digital services. This year, once again, our customers rewarded our efforts and enabled us to achieve a record high result,” says Veikkaus CEO Mr Juha Koponen.

I’m happy that, despite the overall economic situation, we were able to attain the goals that were set for us. This means that we can support the operation of Finnish art, sport, science, and youth work in the best possible manner.”

Nearly half a million web players a week; registered gaming promotes responsibility

The strong growth of the digital sales channel shows how consumer behaviour is changing. Veikkaus.fi is one of Finland’s biggest consumer web stores with a turnover of EUR 925.4 million (+14.9%). Last year, we had an average of 474 000 buying customers a week in the service.”

The share of the digital channels out of Veikkaus’ total sales reached over 43 percent in 2015. From the European – and even from a wider international – perspective, the share is exceptionally high,” says Mr Koponen.

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Developing better digital services for customers is a core strategic focus for Veikkaus. This is why we continue to invest in the development of the web store. In February 2015 we bought the central parts of our current web store system’s back end system. This made possible a wider and faster digital development of our products and services. 

Thanks to the increase in web gaming in particular, a growing number of Veikkaus’ customers play registered. This supports responsibility and reinforces consumer protection. The share of registered gaming out of Veikkaus’ total sales reached 65.1 percent (+3,4 percentage points) at the end of the year. A total of over 167 000 Finns joined Veikkaus’ Loyal Customer Programme last year. As a result, the number of our registered customers went up to nearly 1.8 million.

In addition to working towards economic goals, Veikkaus makes long-term efforts to promote responsible gaming. As a legal operator of games, Veikkaus’ task is to channel playing towards safe and controlled domestic games. Veikkaus spent a total of EUR 7.2 million on measures supporting social responsibility and responsible gaming in 2015.

“Responsibility continued to be in focus in our operations last year. We invested especially in communicating responsibility, promoting registered gaming, and training our staff in responsibility issues,” says Mr Koponen.

Eurojackpot, eInstants, and Fixed Odds Betting successful, Lotto’s sales took an upward turn

Finland’s favourite game Lotto reached a turnover of EUR 436.7 million (+1.3%) in 2015. In February, we had the chance to celebrate a historic double jackpot of EUR 27.8 million in Lotto. On the record round, up to 1.5 million customers played Lotto. In Eurojackpot, there were over one million weekly players in May, as the game’s biggest possible jackpot of EUR 90 million was available for the first time. Last year, Eurojackpot established its position as Finns’ favourite along with Lotto. Eurojackpot’s turnover went up to EUR 222.9 million (+38.8%).

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The games to increase in popularity the most at veikkaus.fi were the eInstants. Their turnover amounted to EUR 159.9 million (+30.6%). Among the sports games, Fixed Odds Betting, which had been reformed the year before, experienced the greatest trend upward (turnover EUR 234.5 million; +8.2%). The more favourable terms of play that were introduced in August as a result of our customers’ wishes boosted the sales of Football Pools. By the end of the year, the number of customers had increased by 16% and the turnover had gone up by 8.5% as compared with the previous year.

Prospects for 2016

Veikkaus has made a strategic commitment to continuous development, promotion of responsible gaming, and cost-efficiency. The development of the domestic purchasing power and changes in consumer behaviour continue to constitute significant sources of uncertainty to our operations. In addition, the regulations issued by authorities on the marketing of games seem to affect the retail sales in a negative way.

The plans for the merger of the Finnish gaming operators Veikkaus, Finland’s Slot Machine Association, and Fintoto will be made primarily during 2016. During the transition period, it is important that we secure smooth and high-quality customer service, as well as the continuity of the product and service development.

Veikkaus’ goal in 2016 is to improve its financial result moderately. Veikkaus’ projected profit estimate in the State Budget for 2016 is EUR 537.4 million, of which EUR 520.9 million have been earmarked for return to the State. We will also return EUR 16.5 million at the minimum in undistributed prize funds from previous years to the Ministry of Education and Culture.

We trust that our high-level expertise, long-term development, and courage to reform will guarantee a steady return for the benefit of all Finns even in the future. We believe that we will reach another record-high result in 2016,” says Mr Koponen.

Futher information CONTACT: Veikkaus’ Communications, tel. + 358 20 750 6355.

CLICK HERE to download Veikkaus’ Corporate Social Responsibility Report 2015 (in English).

SOURCE: Veikkaus Oy.

 

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OPAP Splits Chairman & CEO Positions – New CEO as of July 1st 2016

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ATHENS, Greece (May 19, 2016) -- Following the successful completion of the large scale internal restructuring of the Company, the Board of Directors of OPAP announces today that it has decided to split the roles of Chairman and CEO, with effect from 1st of July 2016. The Board of Directors decided to reinforce the Company's senior management team and engage Mr. Damian Cope as CEO of the company as of July 1st, 2016.

Mr. Ziegler who currently leads OPAP as Chairman & CEO since October 2013, will continue to serve as Executive Chairman of the Board of Directors.

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The Board welcomes Damian and believes that the combination of both his broad betting and gaming experience and management skills will be an asset for the Company's growth and future.

Damian Cope has over 18 years’ experience in the gambling industry, most recently at Ladbrokes Plc where he was Managing Director, International. At Ladbrokes Damian had responsibility for all non-UK, betting & gaming activities, across both retail and digital channels. This included regulated businesses in Spain, Belgium, Denmark, Ireland and Australia. Damian was also a Board Director of Sportium Apuestas Deportivas, the sportsbetting JV with Cirsa Group. Prior to this Damian was Group Chief Information Officer and Managing Director, Ecommerce for the Gala Coral Group and he previously also held senior management positions at Blue Square and Rank Group Plc. Damian has a law degree from Bristol University, England.

"I feel privileged to be taking on the role of Chief Executive of OPAP, a hugely respected brand both in Greece and around the world. Over the last three years under Kamil's strong leadership OPAP has undergone significant change and made positive progress. I look forward to working closely with Kamil and everyone at OPAP in building an even brighter future for the company" Damian Cope said.

The Board acknowledges achievements of Mr. Ziegler on enhancing performance and successful restructuring of OPAP and would like to thank him for his very good results.

The Board is highly confident, that under its new enforced composition, with separate Chairman & CEO positions in line with international best corporate practices, will prove even more efficient and productive while OPAP will deliver a strong future for its customers, shareholders, agents, partners and employees.

SOURCE: The OPAP BoD.

 

 

Lotto24 AG: Annual General Meeting, Shareholders Adopt All Resolutions with Large Majorities

HAMBURG, Germany (May 24, 2016) -- Lotto24 AG successfully held its fourth Annual General Meeting as a listed company today.

Attended by around 60 percent of voting capital, all items on the agenda were adopted with large majorities. The agenda included the usual items, such as approving the actions of the Executive Board and Supervisory Board and appointing auditors.

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The Executive Board expressed its satisfaction with the fiscal year 2015 and the first quarter of 2016: "Now, with one million customers, we remain firmly on our growth trajectory and extend our market lead", says Petra von Strombeck, Chief Executive Officer of Lotto24 AG.

"We thank for the great affirmation of our shareholders and are pleased they will continue to accompany us on this exciting journey."

About Lotto24 AG:

Lotto24 is Germany's leading provider of state-licensed lotteries via the Internet (www.lotto24.de). Lotto24 brokers customers' tickets to the state lottery companies and receives brokerage commissions.

The offerings include "Lotto 6aus49", "Spiel 77", "Super 6", "EuroJackpot", "GlücksSpirale", lotto clubs and Keno.

After its foundation in 2010 and the IPO in 2012 on the Frankfurt Stock Exchange (Prime Standard), Lotto24 is now the clear market leader and well ahead of the competition. As a fast-growing company with a strong service and customer orientation, it aims to provide its customers with the most convenient, secure and modern game experience possible.

CONTACT:  Lotto24 AG, Verena von Gehlen, Manager Investor & Public Relations T: + 49 (0) 40 / 822239-501, E: ir@lotto24.de.

SOURCE: Lotto24.

 

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Loto-Québec Extends Partnership with OpenBet

Supplier launches mobile casino with leading lottery operator

LONDON, UK (May 25, 2016) – OpenBet, the world’s leading omni-channel software provider to the sports betting and gaming industry, has further extended its longstanding relationship with leading lottery operator, Loto-Québec.

The three-year deal not only extends OpenBet’s existing partnership, but also sees the company provide Loto-Québec with its new mobile portal solution, which launched at the end of 2015 and is a key part of the lottery’s strategy for growth.

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OpenBet was selected based on the continued strength and flexibility of its solution, delivery timeframes and content library, alongside its ability to empower a genuine omni-channel experience across all products.

The new agreement further aligns OpenBet with the lottery’s growth strategy around convergence and is designed to support the planned changes to regulation within the province, that are currently in the process of being passed by the authorities. 

Loto-Québec’s Espacejeux.com General Manager Luc Morin commented: “OpenBet was the clear choice for us to bring our mobile casino to market; the company has a stand-out omni-channel vision and long-term strategy.

“Partnering with OpenBet allows us to seamlessly join up our new, innovative mobile offering with our existing product portfolio, maximising the player experience across all environments.”

OpenBet CEO Jeremy Thompson-Hill added: “Our ongoing work with Loto-Québec endorses OpenBet’s credentials as a highly compliant, reliable and trusted business-to-government supplier.

“We are proud to continue to develop our relationship with such an important gaming institution against the backdrop of the biggest change in regulation that the province has seen in recent years.

“Omni-channel product development is at the heart of the OpenBet strategy, and the launch of the mobile portal has been a fantastic development – I am excited to see it live in the province.”

OpenBet has supplied Loto-Québec with its online gaming solution since 2010 and supplies a number of public bodies worldwide, including Danske Spil and BCLC, while it also recently signed a new deal with the Singapore Pools.

MEDIA CONTACTS: Olivia Gillibrand, OpenBet, Head of Marketing, E: olivia.gillibrand@openbet.com, T: +44 (0)7701037513.

SOURCE: OpenBet.

 

 

Support Military Veterans with Purchase of Veterans Instant Tickets

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TOPEKA, Kansas (may26, 2016)  – With Memorial Day fast approaching, the Kansas Lottery is encouraging players to consider purchasing special $1 and $2 Veterans instant scratch games to support Kansas military veterans.

Star Spangled Doubler

Veterans tickets currently being sold include $1 Star Spangled Doubler and $2 Super Stars & Stripes. Players can win up to $10,000 playing Super Stars and Stripes and up to $3,000 playing Star Spangled Doubler.

Veterans tickets can be identified by the patriotic artwork on the tickets. The Kansas Lottery has also begun placing a small yellow ribbon on the front of Veterans tickets to identify them as such.

Veterans Benefit games play like any other Kansas Lottery instant games, except the proceeds benefit military veterans in Kansas.

Super Stars & Stripes

Proceeds from the sales of Veterans games are currently distributed to these programs:

  • 30% - Veterans Enhanced Service Delivery Program
  • 40% - Kansas National Guard Education Assistance Scholarships
  • 30% - Kansas Veterans Home and Cemeteries

 

Since the legislation authorizing Veterans Benefit games was passed in 2003, the Lottery has transferred nearly $14 million from the sales of these games.  For more information on Kansas Lottery Veterans games, visit Where the Money Goes on the Kansas Lottery website.

The Kansas Lottery thanks you for your support of Kansas Veterans through the purchase of $1 and $2 Veterans tickets!

 

CONTACT: Sally Lunsford, T: (785) 296-5708, E: sally.lunsford@kslottery.net.

SOURCE: Kansas Lottery.

 

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China Vanguard Entered Into the Pilot Framework Agreement with Gansu Sports Lottery Administration Centre

For the Provision of Award Winning Services “Yao Cai” on LED Display Panels throughout Lottery Stores in Gansu Province

HONG KONG, SAR (May 19, 2016) --  China Vanguard Group Limited (“China Vanguard” or theCompany,” together with its subsidiaries as the “Group;” Stock Code: 8156.HK), is pleased to announce that on 19 May 2016, the Group, through its non-wholly owned subsidiary, has entered into the agreement with Gansu Sports Lottery Administration Centre for the provision of out-of-home (“OOH”) advertising and information services on LED display panels and an electronic coupon distribution system and physical lottery ticket redemption services, Yao Cai, throughout lottery stores in Gansu province under the jurisdiction of Gansu Sports Lottery Administration Centre.

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The Company has been authorised to install LED panels, our proprietary Bluetooth Low Energy (“BLE”) enabled hardware and operate Yao Cai. The Agreement is the second contract which the Group has entered into for the provision of the interactive in-store marketing technology solution and Yao Cai services in the PRC.

Mr. Chan Ting, Executive Director and the Chief Executive Officer of China Vanguard said, “The Group is going to provide electronic coupon distribution and physical lottery ticket redemption services through its proprietary Yao Caisystem, which has gathered multiple awards at the 44th International Exhibition of Inventions of Geneva, including the Gold Award for “Technology for Dissemination System of Public Information and Advertising”. We are of the view that the innovative nature of the marketing services will transform lottery consumption behavior that will be catalytic in increasing lottery sales while providing new revenue streams for the Group. Hence the Group will continue to pursue further opportunities for the provision of such services.”

About China Vanguard Group Limited

China Vanguard Group Limited was founded in 1999, and was successfully listed on the GEM board of The Stock Exchange of Hong Kong Limited in November 2002. As a leading lottery solutions provider in China’s sports and welfare lottery industry, China Vanguard currently provides lottery equipment, software, related services and a comprehensive lottery distribution network for China’s Sports and Welfare Lottery authorities located in 21 provinces and regions across China. In order to establish a solid foundation in the lottery industry, the Group endeavour to developed one-stop shop business model from providing lottery programs to lottery operations while proactively expanding its market share. In 2016, the Group entered into the Cooperation Agreement with Shenzhen Sports Lottery Administration Centre to provide an innovative out-of home advertising and information services solution and first electronic lottery coupon distribution and ticket redemption service, Yao Cai to Shenzhen, which has gathered two prestigious awards at the 2016 International Exhibition of Inventions of Geneva on April,2016. The Group will continue to focus on high margin, interactive lottery business throughout its expansive geographic coverage, offering diversified distribution channels to expand the potential of lottery business; and leveraging international cooperation with software and hardware developers to enhance the R&D capability. The Group strives to become a leading lottery solutions provider in China.

For further information, please CONTACT: iPR Ogilvy LTD, Callis Lau/ Molisa Lau/ Kiki Zhang, Tel: (852) 2136 6952 / 2136 6953 / 3920 7639, Fax: (852) 3170 6606, Email: cvg@iprogilvy.com.

SOURCE: China Vanguard Group Limited.

 

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Veikkaus’ Game Site Offers Service to Visually Impaired Customers

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VANTAA, Finland (May 23, 2016) -- The game site of the Finnish gaming operator Veikkaus, veikkaus.fi, has been renewed to function with a screen reading programme and keyboard shortcuts. This way, we can offer service to customers who are blind or have impaired eyesight.

Veikkaus has established principles of accessibility design, to be taken into account in all development and revision of the services.

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Veikkaus wanted to turn its website more accessible, with the intention of making the site easier to use. As the web service is made technically well functioning and easy to use, all customers can enjoy its improved usability.

The general public benefits from the reform, since we wanted to pay special attention to, e.g., sufficiently large fonts and colour contrasts during the reform project. We have also paid attention to the ease and speed of use of the site even beyond the accessibility project,” says veikkaus.fi project’s Head of Development Janne Vuorenmaa.

What we have learned during the project has been made part of Veikkaus’ daily operations, which means improved accessibility even in the future.

We wish to serve all Finns as widely as possible. The current technology is so advanced that we have been able to carry out the improvement,” says Vuorenmaa.

A long way to complete accessibility

The revision of the veikkaus.fi site was made in cooperation with the Finnish Federation of the Visually Impaired and its subordinate, Annanpura.

Accurate statistics on the subject matter are not available but almost all sites show problems of accessibility to a varying degree. The problems may either prevent the use of the service altogether, or they can turn it extremely hard,” says Jukka Tahvanainen, Managing Director of the Finnish Federation of the Visually Impaired.

It is important that operators make their websites accessible. This is a requirement that will be imposed on all the operators offering public services in the future”, says Tahvanainen.

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The Finnish Federation of the Visually Impaired estimates that the need for accessible web services increases, as elderly people start to use them.

The journey of veikkaus.fi towards complete accessibility is only beginning.

For us, the biggest challenge in terms of accessibility is the huge quantity of information that the website contains. For example, it is essential in sports betting that the players have access to all the information on the same page,” says Vuorenmaa.

Veikkaus’ proceeds used to support the youth and cultural work of the visually impaired

Veikkaus funds are used to finance the youth work carried out by the Finnish Federation of the Visually Impaired and the activities of the Cultural Service for the Visually Impaired. During the period between 2010 and 2014, a total of nearly 530,000 euros of Veikkaus’ proceeds were channelled to the youth and cultural work by these two organizations.

We have hundreds of children and young people who take part in summer camps and club activities. Although the funding of the Finnish Federation of the Visually Impaired comes primarily from Finland’s Slot Machine Association RAY, the support from Veikkaus plays a significant role in our youth work,” says Managing Director Tahvanainen.

Watch the video.

We asked multiple Paralympics medallist Jani Kallunki to test how Lotto can be played using the screen reader programme.

CONTACT: Riitta Nissi, Development Manager, Communications, Veikkaus Oy, Tel. +358 40 776 1459, E: riitta.nissi@veikkaus.fi.

SOURCE: Veikkaus Oy (www.veikkaus.fi).

 

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California Attorney General Files Lawsuit Against Canada Based Sweepstakes Gambling Software Provider Over Illegal Gambling Devices

SACRAMENTO, California (May 20, 2016) -- Attorney General Kamala D. Harris today filed a lawsuit against Pong Marketing & Promotions Inc., a major sweepstakes gambling software provider, for illegal gambling in violation of state criminal and unfair competition laws.  In the suit, filed in Solano County Superior Court, Attorney General Harris seeks injunctive relief and penalties of approximately $10 million.

Pong, a company based in Canada, provided software to sweepstakes cafes throughout California.  These cafes operate as mini-casinos, offering interactive gambling-themed games on computer gambling devices, which they market to a predominantly vulnerable, low-income clientele.

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The California Supreme Court ruled that these machines are illegal gambling devices in violation of California Penal Code section 330b.

Pong then abandoned its sweepstakes model, changing its software to a purported skill-based system, retaining the gambling devices and having players redeem cash prizes by executing the “skill” of clicking a mouse to stop a moving cursor before the time expires.

When casinos are allowed to masquerade as cafes in our neighborhoods, it both deceives consumers and undermines public safety,” said Attorney General Harris. “Software providers who misrepresent their games as lawful must be held accountable for their role in facilitating criminal activity.  I thank our law enforcement partners across the state for their efforts to shut down these illegal gambling operations.

Sweepstakes gambling enterprises are a major problem nationwide, estimated to earn over $10 billion a year.  In California, Attorney General Harris has pioneered the use of the Unfair Competition Law to provide stronger monetary remedies against these operators.

The Attorney General’s office works in tandem with local law enforcement agencies across California as part of the Sweepstakes Gambling Task Force to dismantle illegal gambling operations.

The Sweepstakes Gambling Task Force includes the California Attorney General’s Office, Contra Costa County District Attorney Mark A. Peterson, Fresno County District Attorney Lisa A. Smittcamp, Kern County District Attorney Lisa S. Green, Merced County District Attorney Larry Morse II, Riverside County District Attorney Michael A. Hestrin, Solano County District Attorney Krishna Abrams, San Diego County District Attorney Bonnie M. Dumanis, Sonoma County District Attorney Jill R. Ravitch, Tulare County District Attorney Tim Ward, and Los Angeles City Attorney Mike Feuer.

CONTACT: T: (415) 703-5837, E: agpressoffice@doj.ca.gov.

SOURCE: Office of Attorney General.

 

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Ladbrokes/Coral Merger Clearance May Depend on Shop Sales: CMA

From: Competition and Markets Authority

LONDON, U.K. (May 20, 2016) -- The CMA has provisionally found that the merger between Ladbrokes and Coral may give rise to competition concerns in a large number of local areas.

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In order to resolve these concerns, around 350 to 400 shops may have to be sold for the merger to be conditionally cleared, if the Competition and Markets Authority’s (CMA) final report were to confirm its provisional findings and divestiture would be a suitable remedy.

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Ladbrokes plc (Ladbrokes) and Gala Coral Group Limited (Coral) are, respectively, the second and third largest bookmakers in the UK by number of shops, known as licensed betting offices. They also provide betting and gaming products online, ‘on-course’ at certain racecourses, and by telephone, as well as each operating 2 greyhound tracks.

Ladbrokes operates 2,154 betting shops in Great Britain and 77 in Northern Ireland and Coral operates around 1,850 betting shops in Great Britain.

The group of independent panel members investigating the merger has looked in detail at the large number of areas where Ladbrokes and Coral shops compete. In a summary of its provisional findings (PDF, 238KB, 11 pages) published today, the group has identified 659 local areas where it provisionally found that the merger may be expected to result in a substantial loss of competition, which could lead to a worsening of the offer made to customers at both a local and national level.

As well as its provisional findings, the group has published a notice of possible remedies (PDF, 206KB, 7 pages) which asks for views on whether divestiture would be a suitable remedy. It also notes that, as many of the problematic local areas overlap, divestiture of a betting shop in one local area may also remedy the concerns in other areas.

The notice also states that the CMA is minded to require any divestiture, were that to be a suitable remedy, to be substantially completed before the merger can go ahead. The CMA has extended the deadline (PDF, 128KB, 1 page) for its final report by 8 weeks to 19 August 2016 (see notes to editors) in view of the scope and complexity of the investigation which involves numerous local areas. The group, however, is aiming to publish its final report by the end of July 2016.

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The CMA has not found competition problems that may be expected to arise from the merger in relation to other parts of the 2 businesses.

Martin Cave, Inquiry Chair, said:

We’ve provisionally found that the merger between 2 of the largest bookmakers in the country may be expected to reduce competition and choice for customers in a large number of local areas. Although online betting has grown substantially in recent years, the evidence we’ve seen confirms that a large number of customers still choose to bet in shops - and many would continue to do so after the merger.

For these customers, competition comes from the choice of shops in their local area and it’s they who could lose out from any reduction of competition and choice. Discounts and offers of free bets to individual customers are ways betting shops respond to local competition which could be threatened by the merger. We’re also concerned that such a widespread potential reduction in competition at the local level could worsen those elements that are set nationally such as odds and betting limits.

We’ll now consider responses to our provisional findings before coming to a final decision. If our provisional findings are confirmed and divestiture would be a suitable remedy, Ladbrokes/Coral may have to sell a large number of shops to a suitable purchaser or purchasers in order to preserve competition in those local areas. We’ll need to look closely at the exact number of shops and areas that would be involved - the overall size and complexity may mean that the sales need to be substantially completed before the merger can go ahead.

The full provisional findings report will be published shortly. All information relating to the investigation is available on the investigation case page.

Anyone wishing to respond to the provisional findings should do so in writing, by no later than 13 June 2016. Anyone wishing to respond to the notice of possible remedies should do by 6 June 2016. Please email ladbrokes.coral@cma.gsi.gov.uk or write to:

Ladbrokes/Coral merger inquiry

Competition and Markets Authority

Victoria House

Southampton Row

London

WC1B 4AD

SOURCE: Competition and Markets Authority.

 

 

 

NASPL
NASPL 2016
Professional Development Seminar
NASPL

Join us for the 2016 NASPL Professional
Development Seminar hosted by the
Pennsylvania Lottery

Omni William Penn
August 2-5, 2016



REGISTER NOW!


Featured Keynote:
Robbie Bach, Innovation Expert, Former Chief Xbox Officer for Microsoft & Author

Robbie Bach

For conference information visit:
www.nasplprofessionaldevelopment.com

NASPL does not provide transportation for this event


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NASPL Headquarters
7470 Auburn Road, LL1
Concord, OH 44077

www.naspl.org
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AUSTRALASIAN GAMING EXPO 2016

 

Find Exhibitors at the Gaming Expo with the AGE 2016 App

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SYDNEY, NSW, Australia (April 26, 2016) -- Last year, AGE visitors were able to download an App for their mobile phone. This year at the AGE we have updated the App with new features which will help visitors to find exhibitors at the show and also keep the visitors abreast of news and activities while they are at the show.

As with last year, visitors who have installed the AGE App on any of their mobile devices will receive a welcome message as they pass through the entry gate.

Once they’re inside the exhibition and pass various points they will get updates to remind them about such things as the time of the Daily Vegas Draw, entertainment and other activities.

In addition to this, visitors can use the App to locate any exhibitor at the show. They can search the alphabetical exhibitor database that’s included in the App and then simply click on the stand number for an exhibitor’s location on the interactive show map.

In order to get these features, visitors must install the latest version of the AGE 2016 App. 

Further details about the app are available at the AGE web site or it can be downloaded by simply visiting the Apple App Store or Google Play.

Tuesday 9th to Thursday 11th August are the dates for the 2016 Australasian Gaming Expo Sydney Exhibition Centre @ Glebe Island

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Install the latest version of the AGE 2016 App.

Featuring more than 200 exhibitors across 17,000 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. All indications are that the exhibition will again be full to capacity with a wide range of companies showcasing the world’s best gaming and related equipment and services

Last year’s Gaming Expo saw a number of changes resulting from the move to the temporary location at Glebe Island, all of which have been favourably received. Interstate visitors were particularly pleased with the free Ferry travel from Darling Harbour to Glebe Island, affording them a spectacular Sydney Harbour cruise.

Of course there’s more to the Expo than a cruise, with one visitor summing up their Gaming Expo experience in the following words: “Always interesting not just to see new products but totally new ideas and ways of doing business..... new areas of thought into how to trade.”

In fact, our post show research showed that 97% of the visitors saw the Expo as an opportunity to see new products and technology.

The Gaming Technology Association’s members whose exhibition stands would sit comfortably alongside the world’s best at any global event, will be in full force at the Australasian Gaming Expo. The Australasian Gaming Expo is the “must attend” event.

NOTE: The Australasian Gaming Expo is a trade exhibition, for management representatives of Gaming Industry Organisations only including government, regulatory, research and support bodies, clubs, hotels, casinos, resorts and similar Hospitality Industry venues.  Trade suppliers are not eligible to attend the event unless exhibiting.

The Gaming Technologies Association’s primary members are Ainsworth Game Technology, Aristocrat Technologies, Aruze Gaming Australia, eBet Limited, IGT (Australia), Konami Australia and Scientific Games.

For further information CONTACT: info@gamingta.com.

SOURCE: Gaming Technologies Association Limited.

 

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