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The WEEK in REVIEW
Vol. 87 No.8 - Monday May 27, 2019


 

International Game Technology PLC Reports First Quarter 2019 Results

  • Revenue of $1.14 billion includes significant increase in global gaming unit shipments and continued growth in global lottery same-store revenue
  • Operating income of $178 million; adjusted EBITDA of $417 million, stable at constant currency on strong Italy and North America Lottery results
  • Maintaining full-year adjusted EBITDA outlook
  • Cash dividend declared of $0.20 per ordinary share

 

LONDON, May 20, 2019 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial results for the first quarter ended March 31, 2019. Today, at 8:00 a.m. EDT, management will host a conference call and webcast to present the first quarter results; access details are provided below.

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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...

"Our first quarter results confirm the consistent growth profile of our global lottery business and the progress we've made in sales of gaming machines, where global unit shipments increased 20%," said Marco Sala, CEO of IGT. "The results of our Italy operations are also noteworthy, with further growth in lottery and resilient machine gaming performance. As we look to the future, our focus remains on improving revenue and profits from gaming activities, innovating with new lottery games and technologies, and pursuing emerging growth opportunities."

"First quarter revenue and adjusted EBITDA were stable at constant currency, thanks to important contributions from our Italy and North America Lottery segments," said Alberto Fornaro, CFO of IGT. "Operating expenses were well controlled, our financial condition is solid, and we are maintaining our financial outlook for the year."

Overview of Consolidated First Quarter 2019 Results

 

Constant

Quarter Ended

Y/Y

Currency

March 31

Change

Change

2019

2018

(%)

(%)

(In $ millions, unless otherwise noted)

Revenue

1,145

1,207

-5%

-1%

Operating income

178

197

-10%

-4%

Net income/(loss) per diluted share

$0.20

($0.51)

NM

Adjusted EBITDA

417

436

-4%

0%

Adjusted operating income

230

251

-8%

-4%

Adjusted net income per diluted share

$0.12

$0.15

-20%

Net debt

7,714

7,525

3%

 

Note: Adjusted EBITDA, adjusted operating income, and adjusted net income per diluted share are non-GAAP financial measures. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are provided at the end of this news release.

 

Consolidated revenue of $1.14 billion, stable at constant currency

  • 20% increase in global gaming machine unit shipments
  • Stable lottery revenue
  • Offset by increased gaming machine taxes in Italy and lower gaming systems sales

 

Adjusted EBITDA of $417 million, stable at constant currency

  • Strong Italy and North America Lottery performance
  • Selling, general and administrative expenses and research and development costs better than the prior-year period despite higher legal costs

 

Adjusted operating income was $230 million, down 4% at constant currency

  • Higher depreciation associated with upgrading the gaming installed base and lottery contract wins and extensions

 

Interest expense, net was $103 million compared to $107 million in the prior-year quarter

Provision for income taxes was $53 million compared to $61 million in the prior-year period

Net income attributable to IGT was $40 million in the quarter; adjusted net income attributable to IGT was $24 million

Net income per diluted share of $0.20; adjusted net income per diluted share of $0.12

Net debt of $7.71 billion, down from $7.76 billion at December 31, 2018

 

Click here to view original content to download multimedia.

 

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 Digital 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:

  • Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
  • Francesco Luti, +39 3485475493; for Italian media inquiries
  • James Hurley, Investor Relations, +1 (401) 392-7190

 

SOURCE International Game Technology PLC

 

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INTRALOT Applauds WyoLotto™ for Their Highest Annual Transfer to the Wyoming State Treasurer’s Office

ATHENS, Greece (May 23, 2019) -- INTRALOT, a leading gaming vendor of lotteries around the globe, would like to congratulate our partners at Wyoming Lottery Corporation on surpassing $5.4 million in total transfer amount for this fiscal year in April 2019. This is the highest annual transfer total to the State Treasurer’s Office since WyoLotto™ launched in August 2014. This is in addition to the recent Sharon Sharp Award that WyoLotto™ received for being the lottery that achieved the highest percentage increase in net funds contributed to its beneficiary.

Since the beginning of our partnership, WyoLotto™ and our US subsidiary INTRALOT Inc. have worked together to successfully launch the lottery start-up in the US market with 450 retailers, that INTRALOT Inc. assists in managing, training, and recruiting them.

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Currently, WyoLotto™ offers four draw games including the very successful $5 in-state Cash Lotto game called “Cowboy Draw™”. In fiscal year 2018, WyoLotto™ sales totaled close to $29 million and Cowboy Draw sales represented 34% of the Wyoming Lottery portfolio.

Byron Boothe, Acting CEO of INTRALOT Inc., commented: “The Board, the Management, and the entire Lottery Corporation should feel proud of how much they've accomplished in a relatively short period of time. We're looking forward to providing new ways of fun and entertainment for Wyoming players. Most importantly, we're excited about generating revenue for the State of Wyoming and contributing to the local community for good causes”.

About INTRALOT

INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 47 regulated jurisdictions around the globe. With €0.9 billion turnover and a global workforce of approximately 5,200 employees (3,000 of which in HQ and subsidiaries and 2,200 in associates) in 2018, 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. The company has designed a new ecosystem of holistic omni-channel solutions across verticals (Lottery, Betting, Interactive, VLT) for Lotteries digital transformation. INTRALOT has been awarded the prestigious WLA Responsible Gaming Framework Certification by the World Lottery Association (WLA) and the WLA certificate for the Security Control standard.

For more information please CONTACT: Ms. Spyranda Anamouroglou, Corporate Communications Manager,  Ph.: +30 2106156000, Fax: +30-2106106800, email: anamouroglou@intralot.com.

SOURCE: INTRALOT (www.intralot.com).

 

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Gaming Laboratories International (GLI®) Announces James Maida as EY Entrepreneur of The Year® 2019 New Jersey Award Finalist

Maida joins ranks of unstoppable entrepreneurs in New Jersey

LAKEWOOD, NJ (May 21, 2019) – Gaming Laboratories International (GLI) today announced that CEO and President James Maida is a finalist for the EY Entrepreneur of The Year® 2019 New Jersey Award. Widely considered one of the most prestigious business awards programs in the U.S., the program recognizes entrepreneurs and leaders of high-growth companies who are excelling in areas such as innovation, financial performance, and personal commitment to their businesses and communities, while also transforming our world. James Maida was selected as a finalist by a panel of independent judges. Award winners will be announced at a special gala event on June 20, 2019, at the Hyatt Regency New Brunswick.

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I am honored to be selected among the entrepreneurs who are finalists this year, as we celebrate our 30th year in business,” says Maida. “In 1989, I co-founded GLI with Paul Magno to provide independent testing services to the regulated gaming industry with a core focus on quality, integrity, and customer-focused relationships. I’m proud to say that we became the go-to lab for testing and certification with 24 offices around the globe, and we are expanding into related and non-gaming industries.

The program has expanded to recognize business leaders in more than 145 cities and more than 60 countries throughout the world. 

Regional award winners are eligible for consideration for the Entrepreneur of The Year National competition.

About Entrepreneur of The Year®

Entrepreneur of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national, and global awards programs in more than 145 cities and more than 60 countries.

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. GLI also holds ISTBQ certification. For more information, visit gaminglabs.com.

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

SOURCE:  Gaming Laboratories International.

 

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Tennessee Education Lottery Surpasses $5 Billion Raised for Education

Launches “TEL Your Story” Campaign

NASHVILLE, Tennessee (May 16, 2019) -- Just in time for graduation season, the Tennessee Education Lottery Corporation (TEL) has surpassed $5 billion in funds raised to support education programs in the state. The Lottery is also raising awareness about those who have benefited from Lottery-funded awards with a campaign called “TEL Your Story.”

It’s a special time of year for students and their families,” said Rebecca Hargrove, Tennessee Lottery President and CEO. “Graduating from a post-secondary institution is an achievement of a lifetime, and for many it could not have been accomplished without a Lottery-funded award.

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Five billion dollars is an extraordinary sum, but what’s most meaningful is what these funds have done for hundreds of thousands of students across the state,” said Ms. Hargrove.

To raise awareness about how Lottery-funded awards have made a difference for Tennesseans, the TEL is seeking stories from those who have experienced the benefits of these programs. “From HOPE Scholarships to Tennessee Promise, we want to hear from those whose lives have been impacted by Lottery-funded awards,” said Ms. Hargrove. These stories could be used on the TEL’s website, social media, printed material and other channels.

For details, visit http://www.tnlottery.com/education-wins/tel-your-story.

According to data from the Tennessee Student Assistance Corporation, the entity that administers Lottery-funded programs, more than 1.3 million scholarships and grants to in-state education institutions have been earned by deserving students since the Lottery’s inception in 2004, including more than 130,000 awards during the 2017-2018 academic year. Lottery funds are also used to support other education-related activities, including after-school programs implemented in more than 225 sites across the state, and an ongoing initiative to make schools more energy efficient.

In addition to the educational beneficiaries, players have won more than $13.5 billion in prizes and Lottery retailers have earned more than $1.2 billion in retailer commissions.

For additional information, visit tnlottery.com and follow us on Facebook, Twitter & Instagram. Have fun. Play Responsibly.

CONTACT: Kym Gerlock, T: 615-324-6556, E: kym.gerlock@tnlottery.com.

SOURCE: Tennessee Education Lottery Corporation.

 

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Ground-Breaking International Treaty on Match-Fixing to Enter Into Force in September

STRASBOURG / HELSINKI (May 16, 2019) -- The Council of Europe Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, will enter into force on September 1.

Switzerland today became the fifth Council of Europe member state to ratify the convention – following Norway, Portugal, the Republic of Moldova and Ukraine – triggering its entry into force.

The entry into force of the Macolin Convention is good news for everyone who values fair play and integrity in sport,” said Council of Europe Secretary General Thorbjørn Jagland.

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The convention is a major step forward in the fight against corruption in sport and has received firm backing from major sports organisations and partners including FIFA and UEFA. I urge all of our member states, and countries around the world, to sign and ratify the convention as soon as possible.

Launched in 2014, the Macolin Convention is the only legally-binding international treaty promoting global co-operation to tackle the manipulation of sports competitions.

The convention covers a wide range of issues including match-fixing, illegal betting, poor governance, insider information, conflicts of interest and the use of sports clubs as shell companies.

It is based on the rule of law and takes into account the impact that manipulation has on sport, athletes and society as a whole.

Croatia and San Marino signed the convention at a special ceremony in Helsinki today alongside the annual session of the Council of Europe’s Committee of Ministers.

A total of 37 countries, including Australia, have now signed the convention. Other non-European countries, including Cap Verde and Morocco, have also expressed an interest in joining.

Macolin Convention website

CONTACTS: Daniel Höltgen, Spokesperson of the Secretary General, mob. +33 6 68 29 87 or Giuseppe Zaffuto, Spokesperson/Media Officer, tel. +33 3 90 21 56 04.

SOURCE: Macolin Convention press release.

 

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New Jersey Lottery Posts Record $3.3 Billion in Sales for Fiscal Year 2018

Latest Audit Report Now Available Online

TRENTON, NJ (May 20, 2019) – The New Jersey Lottery posted record sales numbers last year according to the Fiscal Year 2018 Audit Report released today, which is available for review on the Lottery’s website.

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In Fiscal Year 2018, the Lottery generated approximately $3.3 billion in sales, compared to $3.187 in Fiscal Year 2017.  The strong sales generated a contribution to the State of approximately $1.03 billion, the largest since 2013, which is used to support New Jersey’s public employee pension system.

The Lottery’s success last year was shared by many and we awarded more than $1.991 billion in prize money to our players and paid over $188 million in commissions to our retailers,” said Acting Executive Director James Carey.

“The Lottery had strong results in Fiscal Year 2018 and is on track to have another strong performance in the current fiscal year, which ends June 30th.”

The Department of Treasury recently entered into an amended service agreement with Northstar New Jersey Lottery Group, the Lottery’s sales and marketing vendor, that will save the State millions of dollars over the remaining life of the contract. Between those changes and the Lottery’s strong performance, we are confident that the Lottery will continue to be a key contributor to the State’s improving fiscal health,” added Carey.

CONTACT: MaryAnn Rivell, Public Information Office, Phone: (609) 599-5875, E: PublicInfo@lottery.nj.gov.

SOURCE: New Jersey Lottery.

 

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Global Lottery Monitoring System Highly Welcomes the Entry Into Force of the Macolin Convention

LAUSANNE, Switzerland (May 17, 2019) -- On May 16 Switzerland on May 16 became the 5th state that ratified the Council of Europe Convention on the Manipulation of Sport Competitions, following the ratifications of Norway, Portugal, Ukraine and Moldova. The Council of Europe Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, will now officially enter into force on 1 September 2019.

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GLMS highly welcomes this development and looks forward to the official entry into force on 1 September. The Macolin Convention is the only legally-binding instrument in the domain, covering all relevant topics (incl. national and international cooperation, sharing of information, national platforms, criminal provisions, whistle-blowers protection, education and prevention, conflict of interests measures against illegal sports betting). Its implementation will be of pivotal importance for keeping sport safe, credible and inspirational! GLMS along EL and WLA have since the beginning fully supported the Council of Europe towards its efforts to promote the Convention and support states with the implementation of its provisions, via the Keep Crime out of Sport – KCOOS+ project.

Beyond the ratification of Switzerland, Croatia and San Marino signed the convention at a special ceremony in Helsinki on 16 May alongside the annual session of the Council of Europe’s Committee of Ministers. A total of 37 countries, including Australia, have now signed the convention, while others have also expressed their interest. At the same time, the ratification of the Convention by Italy was on 17 May published in the Official Gazzete and will become official as soon as the Council of Europe receives the ratification instrument via the diplomatic channels.

The Convention shall now officially enter into force on 1 September and as per article 30-31 of the Convention, the Council of Europe shall within one year from the ratification convene the Convention Follow-Up Committee. With this in mind and in view of the upcoming Education, Youth, Culture and Sport (EYCS) Council Meeting of the EU, the Danish Delegation via an information note it has shared calls upon the EU and EU member States to be part of the Follow-Up Committee from the beginning. The issue will be discussed under the AOB item of the next Education, Youth, Culture and Sport Council meeting on 22 and 23 May 2019.

 

GLMS Contacts:

 

Giancarlo Sergi

GLMS General Secretary

giancarlo.sergi@glms-sport.org

Evangelos Alexandrakis

GLMS Deputy General Secretary

evangelos.alexandrakis@glms-sport.org

 

 

About GLMS (www.glms-sport.org)

GLMS is the state lotteries’ mutualized monitoring system on sports betting. It aims at detecting and analyzing suspicious betting activities that could question the integrity of a sport competition. Building on six years of experience with the establishment in 2009 of ELMS with European Lotteries, GLMS went global in January 2015 extending the network to other continents. GLMS facilitates the sharing of sports betting information as part of the collective efforts of its members in ensuring sports integrity globally, and is dedicated to effective cooperation with all key stakeholders: regulators, law enforcement authorities, sports organizations.

GLMS currently has 32 individual Members from 4 continents and 2 associate Members: Scientific Games International (SGI), INTRALOT

SOURCE: Global Lottery Monitoring System (www.glms-sport.org).

 

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IWG Goes Live with Austrian Lotteries

LONDON (May 20, 2019) -- IWG – the award-winning supplier of online, instant win games – has been selected to supply the Austrian Lotteries (Österreichische Lotterien) with its portfolio of games.

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Following the initial launch at win2day.at, the gaming site of the Austrian Lotteries, titles from IWG’s portfolio of over 100 games will be regularly added over the coming months giving players an alternative and unique playing experience.

IWG, which has been a successful service provider and supplier of content to lotteries for over a decade, now supplies 14 WLA members all around the world from British Columbia to Pennsylvania and the UK to New Zealand.

The supplier has produced and delivered over 300 high-quality instant win games on desktop and mobile, as well as offering valuable strategic and marketing support to its lottery partners.

Rhydian Fisher, IWG CEO, said “We’re really looking forward to working with the Austrian Lotteries and are proud to help build their online portfolio in Austria.

This is an exciting opportunity for us to extend our global reach and maintain our position as the leading instant win supplier in the industry.

Elisabeth Römer-Russwurm at the Austrian Lotteries said: “We’re thrilled to be able to offer our players IWG content and are confident it will prove to be successful here in Austria.

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IWG has a strong reputation in the industry for delivering quality instant win games, and we’re sure our players will really enjoy the new additions to our growing portfolio of entertaining games.

About IWG

IWG is a world leader in supplying online, instant win games to lotteries and commercial brands and platforms in the online gaming industry. It has over 15 years’ experience of making top selling, high quality instant win games and the strategic know how to make them work.

IWG has launched over 300 games that perform consistently at the highest level, engaging and retaining players while driving excellent results for customers.

It has the knowledge to deliver a winning portfolio of games, the experience to make it grow and the sales figures and data to back this knowledge up.

IWG delivers an end-to-end solution covering all aspects of game development and portfolio management and a Remote Game Server (RGS) delivering content in multiple regulated jurisdictions from data centres in the UK, Gibraltar, Canada and North America.

It has a broad library available via the RGS with games covering many proven themes and mechanics that can be developed into an ideal offering for a partner’s instant win portal.

SOURCE: Instant Win Games (IWG).

 

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WyoLotto Launches New Ragtime Raffle Game in Conjunction with State Rodeos

CHEYENNE, Wyoming (May 21, 2019) -- Because WyoLotto™ knows Wyomingites love to have a good time, they are announcing a new raffle game coming to Wyoming—giving players more chances to win great cash prizes with the best odds of any WyoLotto game. It’s called Ragtime Raffle, and WyoLotto is jazzed about its odds, its tie to Wyoming rodeos, and the excitement a Wyoming-only game brings to the state.

Ragtime Raffle tickets are only available for a short month and a half (June 9 - July 27, 2019), or until 100,000 are sold. For only $20 a ticket, players will have a shot at $1,000,000 in total prizes—the grand prize being $750,000, plus three $75,000 prizes, and five $5,000 prizes along the way. Players must keep their tickets to claim any of the prizes, and winners of the smaller tier prizes will still stay in the running for the grand prize of $750,000.

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Tickets will be available at all WyoLotto retailers. WyoLotto will also tour Wyoming—selling tickets and yee-hawing at Cody’s Nite Rodeo, Casper’s College National Finals Rodeo, Evanston’s Wyoming Downs, Laramie’s Jubilee Days, and Cheyenne Frontier Days.

The Ragtime Raffle name represents entertaining western experiences like a rodeo dazzling the crowd. Its theatrics also encompass jazz, honky-tonk, and country music cultures. This new game is fun, lively, and WyoLotto players are encouraged to jump on the bandwagon this rodeo season.

We are beyond excited to announce Ragtime Raffle,” CEO Jon Clontz said with a deep smile on his face. “With $1,000,000 in total prizes and only 100,000 tickets sold, you won’t find better odds. Not only that, but this game just speaks to Wyoming. We will visit rodeos all over the state as part of the raffle promotion, culminating at CFD, where we will announce the grand prize draw number on the final day—giving the ‘Daddy of ’em all’ a run for its money.

To learn more about the new game, WyoLotto’s other games or fun in general, please visit wyolotto.com.

About WyoLotto

The Wyoming Lottery is a Wyoming brand, born and raised near wild rabbits in the Cowboy State. WyoLotto games include Mega Millions®, Powerball®, Cowboy Draw®, Lucky for Life®, and now Ragtime Raffle.

The Wyoming Lottery Corp. is a corporate business entity established by House Bill 77 in the 2013 legislative session and signed into law by Governor Matt Mead. The corporation operates as a private business and does not employ state employees or use state tax money. State law requires Lottery revenue to be distributed to cities, towns and counties based on ticket sales.

SOURCE: The Wyoming Lottery Corp.

 

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Loterie Romande’s 2018 Results: CHF 216.4 Million Disbursed for Good Causes

LAUSANNE, Switzerland (May 21, 2019) -- Loterie Romande’s net profit, i.e. the sum disbursed for the public good, held steady in 2018 at CHF 216.4 million. Gross gaming revenues (GGR) rose slightly to total CHF 388 million.

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The diverse range of games on offer from Loterie Romande, the high quality of its distribution network and tight control exerted over operating costs help to keep up the high level of profit available for allocation to social-welfare, cultural, sports, education and environmental projects.

In 2018, gross gaming revenues (GGR), i.e. the amount of money staked less winnings paid out to players, totalled CHF 388 million, corresponding to a small 0.5% increase on the 2017 level (CHF 386 million).

This can be put down to the variety of products offered by Loterie Romande, coupled with the string of innovations and promotional campaigns.

Net profit for the year worked out at CHF 216.4 million. This total, allocated to the cantonal bodies tasked with redistributing Loterie Romande’s profits and to sport, held steady very close to its 2017 level (CHF 216.2 million).

This bears testament to long-term strategies put in place to maintain levels of funding distributed to projects for the public good.

With 275 staff on its books as of 1st January 2019, Loterie Romande paid out in 2018 CHF 71.9 million in commission fees to the 2,500 retailers distributing its games throughout French-speaking Switzerland. Loterie Romande thus 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.

Effective new measures to protect the general public

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The Swiss Federal Gambling Act (Loi fédérale sur les jeux d’argent – LJAr) came into force as of 1st January 2019. This has cemented in place a new legislative framework for Loterie Romande to operate in.

Since the outset of this year, Loterie Romande has duly been implementing a range of measures to strengthen protection for gamblers and the public at large.

A joint blacklist applicable for both lottery companies and casinos has been compiled to bar access to Loterie Romande’s online gaming platform to any person banned from casinos in Switzerland, and vice versa.

One further development brought about by implementation of this new law is that all Loterie Romande gaming terminals and equipment will be fitted, as from 1st August this year, with age-access checks via an individual card, issued to players, linked to fingerprint recognition.

This new touch-screen verification procedure will ensure all those playing on Loterie électronique games will be at least 18 years of age while maintaining their anonymity.

The new legislation will also contribute towards boosting the fight against match fixing and manipulation of sports events in Switzerland.

Loterie Romande will systematically notify the Swiss Lottery & Betting Board (Comlot) should it have any suspicions that such activities might be taking place. Moreover, direct or indirect manipulation of sporting competitions is now punishable under Swiss criminal law.

CONTACTS:

- Mr Jean-René Fournier, Chairman, 021 348 13 13

- Mr Jean-Luc Moner-Banet, CEO, 021 348 13 13

SOURCE: Société de la Loterie de la Suisse Romande.

 

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Kentucky Lottery Surpasses $1 Billion in Sales Faster Than Ever Before

LOUISVILLE, Kentucky (May 22, 2019) -- For the third year in a row, the Kentucky Lottery has sold more than $1 billion in tickets – this time at the earliest point ever in a fiscal year.

Lottery sales for FY19, which runs from July through June, were $1,000,004,032 as of close of business on May 20th. In FY18 this billion-dollar threshold was surpassed on June 15th, while in FY17 the mark was achieved on the last day of the fiscal year (June 30th).

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A variety of factors have led to the early achievement of this milestone,” said Kentucky Lottery President and CEO Tom Delacenserie.

The large Mega Millions jackpot run in October helped us get off to a fast start.

But just as importantly, we’ve spent the past two years improving our business model by increasing our marketing support, vending machine distribution, retailer plan-o-grams, ensuring 95% of new games are activated within 3 days of receipt, and dramatically reducing out of stocks,” he added.

The launch of our first $30 Scratch-off ticket has also been instrumental. This ultimately provides more proceeds to the Commonwealth, which in turn fund college scholarship and grant programs for Kentucky students.

With just over a month left in FY19, the Lottery appears on track to surpass the all-time sales record of $1,042,512,000 set in FY18.

For More Information CONTACT:  Chip Polston, Jennifer Cunningham or Sara Westerman, T: (502) 560-1675.

The Kentucky Lottery has earned over $5.3 billion for the Commonwealth since 1989.  KLC dividends pay for college scholarships, grants and education programs. Visit kheaa.com to find out more about grants and scholarships paid for by the KLC.

SOURCE: The Kentucky Lottery Corporation.

 

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EGBA Addresses Stakeholder Seminar on Irish Gambling Bill

BRUSSELS, Belgium (May 20, 2019) -- On 15 May, the European Gaming and Betting Association’s Dr. Katie Hartmann, Director of Legal and Regulatory Affairs, spoke at a stakeholder seminar in Dublin about proposed changes to the gambling regulations in Ireland.

The seminar, organised by the Irish Department of Justice and Equality, followed the publication of the Irish Government’s Gaming and Lotteries (Amendment) Bill 2019 on 20 March 2019, which is part of a  legislative package to regulate gambling activity in Ireland, including the online sector. The new bill foresees the creation of an independent gambling regulator and a number of other changes to Ireland’s gambling framework.

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EGBA welcomes the proposal to introduce a regulatory authority for gambling and thank Minister Stanton and his departmental team for their ongoing commitment and efforts to regulate online gambling in Ireland.

Ahead of the seminar, Dr Hartmann said:

“We welcome the proposal to establish an independent gambling authority and will follow closely the discussions on how the new regulator will be established and the powers it will have.

It is in the interest of everyone involved in the gambling sector – companies, players and policymakers – to have a well-regulated online gambling market, which provides legal certainty and protects Irish players by ensuring they can play within a regulated environment. To enable this a Gross Gaming revenue tax, among others, is of crucial importance so that licensed gambling operators can offer a competitive product.

For the law to be a success it should introduce a licensing system which is competitive and establishes a high degree of standards for operators and consumers alike.

All reputable operators already have responsible gaming tools in place, but regulation should make those obligatory for all operators on the Irish market. Likewise, the Irish authorities should consider introducing a self-exclusion register for those who have, or are at risk of, problem gambling behaviour. These punters should be able to exclude themselves from accessing gambling websites if they feel the need to.

We look forward to the finalisation of the draft law and will work constructively with the proposed gambling authority to implement it.”

SOURCE: European Gaming and Betting Association (EGBA).

 

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