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ALC geo Based Lottery Under scrutiny by Canadian provincial law makers
Friday February 6,2015 : DESPERATE MEASURES FOR GEOSWEEP GAME?
When do you throw in the towel?
The Atlantic Lottery Corporation’s (ALC) CAD$8.7 million geo-location based lottery investment in 2011 is under scrutiny by Canadian provincial law makers.
Geonomics’ (previously Roboreus) map-based lottery game GeoSweep, failed to deliver proving to be an expensive exercise that aside from the CAD$8.7 million investment had another CAD$ 2 million thrown behind marketing the concept which was contributed by both the PEI and New Brunswick provinces.
GeoSweep, now rebranded as GeoLotto, recently re-entered the UK market, one in which it had failed previously , and is marketing the game by handing out cash on the streets of various British cities, recording the encounters and posting them online.
New Brunswick NDP leader Dominic Cardy wants ALC executives held accountable for the losses.
"This is millions of dollars we've wasted on this," Cardy told CBC News.
The Atlantic Lottery Corporation is "following pipe dreams that literally end up with us handing out our cash on the streets of the UK. Can't really believe it's happening, but there you go.
"The idea that there are paid actors wandering around the UK giving away New Brunswick tax dollars is crazy," he said.
Patrick Daigle, chief executive officer of the ALC admitted the game was not performing as expected saying it will be watched closely over the coming months after which a decision will be made on whether to write the investment off.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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