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GEOSWEEP LOTTERY ROW GROWING IN CANADA

Monday July 23, 2011 : GEOSWEEP LOTTERY ROW GROWING IN CANADA
 
Multi million dollar investment in Brit company questioned
 
The Canadian provincial government of Prince Edward Island  is facing questions over its investment of Cdn$4 million in the British internet gaming company Roboreus and its Geosweep product, which has reportedly not delivered a convincing performance in the British market.
 
Geosweep is an interesting variation on the normal lottery business model in which 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 have been arranged for wagering at a cost of Cdn$7.50 for a month.
 
What concerns detractors from the concept is that a pilot program in the UK earlier this year generated daily income of a mere GBP120.
 
On a provincial basis, governments in the Atlantic provinces of Canada are themselves at odds, with Prince Edward Island and New Brunswick each putting up Cdn$4 million on the project, but Nova Scotia and Newfoundland and Labrador declining to get involved.
 
PEI Finance Minister Wes Sheridan defended the project this week, saying that Atlantic Lottery products need new offerings to maintain revenues as income drops from older-type lottery products, and the GeoSweep project could pay for itself in three years.
 "You have to take a look at a concept where you think it may be something that would turn a very good investment dollar over," Sheridan told CBC.
 
"If we sit idly by and let our revenue sources continually decline we'd be in no position to continue to have government grow."
 
Opposition finance critic Steven Myers said given the U.K. pilot failure, Sheridan should have followed the lead of Nova Scotia and Newfoundland and Labrador.
 
"We're throwing out $4 million at a time when we can't fund the $4 million that they need to build the high school in Souris and we can't get the $1.2 million to build an expansion on the Montague Intermediate school," said Myers. "It seems like a bad time to be gambling our money."



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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