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Minnesota Online Lottery Ticket Sales To Close

Thursday August 6,2015  : POLITICS FINALLY KILL OFF MINNESOTA LOTTERY ONLINE ACTION (Update)
 
Online ticket sales and games to close end August...but the problem of vendor compensation remains.
 
Miffed politicians in Minnesota have finally triumphed in their two-year long efforts to kill a promising online initiative by the state lottery director, Ed Van Petten.

Our readers may recall that Van Petten, backed by the state governor, sought to attract a younger demographic to the lottery by launching online, gas pump and ATM lottery sales and, later, an online scratch card game.
 
Progress was very encouraging until a section of the legislature claimed that Van Petten had not kept them in the loop and had overreached on his authority, consequently demanding that the entire online operation be shut down and passing legislation to ensure this was done.
 
Their first bill was frustrated by Gov. Mark Dayton's veto, but this year they returned and the bill was signed into law, mandating that online activity be discontinued by September.
 
Reporting on the imminent shutdown, the Washington Times this week raised the very pertinent question of how the lottery's contracts with vendors like Linq3 and Scientific Games are to be terminated, and what the penalties and compensation was likely to be...something the politicians were warned about.
 
Beyond confirming that the lottery is in negotiations with the vendors, Van Petten has disclosed very little, although some lottery officials have said the cancellations are likely to cost Minnesota tax payers around $12 million.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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