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Thai Lottery Ban Update

1/14/10 - Despite a still-in-progress review of the Thai online lottery, it appears that the country's prime minister, Abhisit Vejjajiva, has already made the call to abandon the project, introduced by a previous administration.
 
This week the Bangkok Post quoted the PM as saying that "the rejection of the online lottery was carefully considered."
 
The report goes on to detail early government moves to find another use for lottery hardware that has already been imported, and possible ways in which the company licensed to operate the lottery, Loxley GTech Technology Co, might be placated for the cancellation.
 
Ticket machines installed for the aborted online lottery scheme could be put to new use, Vejjajiva told the Post, explaining that the machines could be used to issue regular [non-online] six-digit lottery tickets or mass transit tickets. And he confirmed his government's decision to scrap the online lottery.
 
A House committee on economic development looked at the proposed alternative uses this week, he revealed.
 
Trijak Tansupasiri, the chief executive of Loxley GTech Technology Co, which was awarded the contract to run the online lottery, appeared to be waiting to see what compensation government would offer, saying that he was prepared to consider porposals put forward by the government.
 
He told the newspaper that his company welcomed the prime minister's promise to find a fair solution to the dispute, pointing out that Loxley has invested about 6 billion baht in acquiring and installing 6 000 lottery machines.
 
Government has yet to present its compensatory plan in detail, with the prime minister saying only that his government would find 'a compromise' with the company in order to avoid potential lawsuits from its decision to scrap the plan. He added that he has told officials to study the lottery contract and look for ways to negotiate with the contractor and compensate the company and its sub-contractors fairly.
 
"If negotiations can lead to flexibility on compensation, the affected parties may not be compensated in cash," the PM said. "The company may be awarded other projects."
 
Regarding individuals and companies that had prepared locations for installing the vending machines, the prime minister said these could propose other projects to the government, to make up for the loss of business opportunities.
 
The software in the vending machines could be adjusted so they could be used to issue bus tickets, six-digit lottery tickets or lottery tickets for the Government Savings Bank, he added.

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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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