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#ElGordo Dwawing Today
Sunday December 22,2013 : IT'S TIME FOR 'EL GORDO' AGAIN
Despite the troubled economic times, Spain's mammoth lottery is expected to again generate billions of Euros.
December 22 is draw date for Spaniards who have bought tickets in the world's biggest and oldest lottery, El Gordo de Navidad - The Fat One - which annually generates prize pools currently approaching Euro 2.5 billion and has the capacity to create instant millionaires.
Massively supported by millions of Europeans, El Gordo is guaranteed to generate excitement, hope and a surfeit of media coverage around the world on winners and human interest stories associated with the draw.
Founded in 1812, the Christmas lottery has become a tradition in Spain, with Spaniards individually or in syndicates flocking to buy up 'billete' (tickets).
Tickets for the El Gordo are sold differently to other world lotteries. Instead of buying a single ticket and selecting your own numbers, tickets for this lottery are sold in a raffle style and can be purchased in different ways.
Players can either purchase a full ticket which is known as a ‘billete’ or a tenth of a ticket which is known as ‘decimo’, and all tickets are sold in a series which means that there can be up to 190 tickets with the same five digit number.
The Billete, which sells at Euro 200 each - is an entire ticket of a 5-digit number, which consists of 10 décimos (tenths of a ticket). The price of a décimo is Euro 20 and the potential pay-out is 10 percent of the published prize.
For 2013 the number of series has been changed from 180 to 160, and the total pay-out of prizes should be worth Euro 2.24 billion (70 percent of ticket sales).
Officially titled 'Sorteo Extraordinario de Navidad,' the big draw is administered by Loterías y Apuestas del Estado and is a festive occasion with extravagant costumes, singing children, traditional draw mechanisms and spectacular settings, all televised and broadcast throughout Europe.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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