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El Gordo Lottery Fever

Sunday December 20,2015 : EL GORDO LOTTERY FEVER SWEEPS SPAIN
 
Annual Christmas mega-lottery set to award prizes worth Euro 2.24 billion this year.
 
Next week - December 22 - will see the festive annual draw of El Gordo (The Fat One), Spain's mega-lottery which this year will distribute Euro 2.24 billion in prizes to residents of a nation that is still slowly emerging from the global economic crisis. Get Tickets Here
 
Traditionally the draw, which is conducted as part of a massive television entertainment program, generates wide media coverage and advertising, with Spaniards getting into the spirit of the draw by wearing outlandish costumes, and entertainment that is televised and avidly watched across the country.
 
The lottery usually commissions a festive season television advert, generally based on the generosity of the human spirit, and portrayed as ensuring that no member of a community is left untouched by the draw...see this year's presentation here:
https://www.youtube.com/watch?v=8HsZh4Fkb4A.
 
The unseasonably mild winter weather in Europe this year has encouraged a large turnout of Spaniards prepared to queue at sales points to buy their opportunity to win, and it has reportedly been a busy weekend for retailers.
 
It's estimated that three-quarters of Spain's 46 million people will take part in Tuesday's lottery. Founded in 1812, El Gordo is now 203 years old, and Spaniards will on average spend Euro 62.72 each to ensure they hold a chance to score in the draw.
 
Unlike most lotteries, El Gordo is structured to provide a wide range of windfalls rather than a few huge prizes. The top prize is restricted to Euro 400,000 to ensure that more players benefit from the massive prize pool.
 
Numbers are repeated up to 160 times, meaning each prize can potentially be shared between 160 people, who have a choice of ticket prices ranging from Euro 20 to Euro 200.
 
In 2013 a cash-strapped Spanish government introduced an unpopular 20 percent tax on winnings over Euro 2,500  which this year is expected to raise around Euro 800 million for struggling government finances.

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Gambling News :

Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

Ninja Power Slot Launched By Slotland - I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.

WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

Stephen Conroy appointed head of new responsible gambling grou - Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.

SquwaKa To Enter sports betting sector - Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.

Softswiss in game deal with Booming Games - Platform and white label provider SoftSwiss has launched a portfolio of 50 plus Booming Games titles following a partnership deal announced this week.

RaceBets Acquired by Betsson - Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.

Playtech buys back 780,000 shares - Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.

Cash In Roulette - The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.

EveryMatrix in game deal with Endorphina - #EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.

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