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Lottery Reassesses Geosweep
Tuesday November 6,2012 : ATLANTIC LOTTERY CORP REASSESSES GEOSWEEP (Update)
Lottery product under scrutiny
The Canadian Atlantic Lottery Corporation is reportedly reassessing its total capital investment of around Cdn$3.85 millionon an equity stake in the British internet gaming company Roboreus and its Geosweep product.
Geosweep is an variation on the normal lottery business model but instead of wagering on a lottery ticket number, the punters buy their favourite "geo" - a specific point in the organising country - in this case Atlantic Canada, where 2.3 million geo’s were arranged for wagering at a cost of around Cdn$7.50 for a month.
While the Atlantic Lottery Corporation (ALC) is declining to reveal sales on the programme, the pilot programme launched earlier this year in the United Kingdom reportedly yielded a daily income of a mere GBP100 .
In July 2012, the Atlantic provinces of Canada were themselves at odds on adopting the programme with Prince Edward Island and New Brunswick each putting up Cdn$4 million on the project, but Nova Scotia and Newfoundland and Labrador declined to get involved.
At the time, PEI Finance Minister Wes Sheridan defended the project saying the Atlantic Lottery needed new products to maintain revenues as income drops from older-type lottery offerings, believing that the GeoSweep project could pay for itself in three years.
More recently, Finance Minister of New Brunswick, Blaine Higgs said the investment is being re-evaluated as the Government is unsure if the game is a viable project for ALC any longer.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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