Announce Agreement to Sell Double Down Interactive LLC to DoubleU Games as Part
of New Strategic Partnership in Social Casino
LONDON, UK (April 17, 2017) --
International Game Technology PLC ("IGT") (NYSE:IGT) today announced it has
signed a definitive purchase agreement to sell its social casino subsidiary,
Double Down Interactive LLC, to an affiliate of DoubleU Games Co., Ltd., a
leading global social casino operator headquartered in Seoul, South Korea. The
transaction establishes a new multi-year strategic partnership between IGT and
DoubleU Games to provide innovative player experiences in the social casino
IGT is the global leader in gaming.
We enable players to experience their favorite games across all channels and
regulated segments, from Gaming Machines and Lotteries to Interactive and
Social Gaming. Leveraging a wealth of premium content, substantial investment
in innovation, in-depth customer intelligence, operational expertise and
leading-edge technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established local
presence and relationships...
"Since acquiring DoubleDown in
2012, IGT has grown it into one of the largest and most successful brands in
the North American social casino market," said Marco Sala, CEO of IGT.
"After several years of strong, organic growth and increasingly attractive
valuation levels, the time is right for us to maximize the value of this asset
for our shareholders. We will continue participating in the growth of the
social casino market through our multi-year, strategic partnership with DoubleU
"This transaction represents a
unique and value-accretive partnership combining the operational excellence of
DoubleU Games with IGT's world class slot content," said Ga-Ram Kim, CEO of
DoubleU Games. "With this partnership, we are excited and confident about
DoubleU Games' future as a global leader in social casino."
The cash purchase price is $825
million, which represents 10.5x DoubleDown's full-year 2016 Adjusted
Proceeds from the transaction will
be used for general corporate purposes, including debt reduction. IGT will
provide an updated financial outlook that includes the full impact of this
transaction in late May, in conjunction with its first quarter of 2017
Upon the closing of the sale, the
parties will enter into a game development, distribution and services agreement
which will enable DoubleU Games to offer IGT's extensive casino game library on
DoubleU Games' combined social casino platforms, in exchange for ongoing
royalties to IGT.
The sale has been approved by the
Board of Directors of IGT and the necessary governance body of DoubleU Games,
and is subject to customary closing conditions, including regulatory approvals.
The sale is anticipated to be completed in the second quarter of 2017.
The Raine Group and Credit Suisse
International are acting as financial advisors to IGT, and Wachtell, Lipton,
Rosen & Katz and Cooley LLP are providing legal counsel. Deutsche Bank is
acting as financial advisor to DoubleU Games, and Kim & Chang and Morgan
Lewis & Bockius LLP are providing legal counsel.
IGT (NYSE:IGT) is the global leader
in gaming. We enable players to experience their favorite games across all
channels and regulated segments, from Gaming Machines and Lotteries to
Interactive and Social Gaming. Leveraging a wealth of premium content,
substantial investment in innovation, in-depth customer intelligence,
operational expertise and leading-edge technology, our gaming solutions
anticipate the demands of consumers wherever they decide to play. We have a
well-established local presence and relationships with governments and
regulators in more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and responsibility.
IGT has over 12,000 employees. For more information, please visit
About DoubleU Games
DoubleU Games (KRX:192080) is one of
the leading social casino gaming publishers based in Seoul, Korea. Founded in
2012, DoubleU Games is the only Asia-based social casino game operator among
global top-tier players. For more information, please refer to
Robert K. Vincent,
toll free in U.S./Canada (844)
IGT-7452; outside U.S./Canada (401) 392-7452
T: (401) 392-7190
Italian media inquiries,
T: (+39) 06 51899030
Hoosier Lottery Celebrates 25 Years of
Indiana man won the first
INDIANAPOLIS, Indiana (April 17,
2017) Hoosier Lottery is celebrating the 25th anniversary of Powerball with a
thank you to players.
Indiana was the first state with a
Powerball jackpot winner. To date, Hoosier Lottery has the most Powerball
jackpot winners, with 39 Powerball jackpot hits in 25 years.
To celebrate, Hoosier Lottery is
giving away Powerball tickets at select retailers on Wednesday, April 19.
Beginning at 3:25 p.m. local time, the first 25 people to purchase a Powerball
ticket at the specific retailers can draw a ball from a bag.
Each ball will be numbered 1-25, and
the drawn number will be the number of free Powerball tickets the person
One person at each location will
receive 25 free Powerball tickets! The participating retailers are:
- Hoosier Lottery Headquarters, 1302 N. Meridian St.,
- Discount Food & Gas, 5750 25th St., Columbus,
- Edco of Evansville, 2505 Stringtown Road,
- 7-Eleven, 25960 County Road 20, Elkhart,
Ticket sales for Powerball began
April 19, 1992. The first Powerball drawing was on April 22, 1992, which is
when a Hoosier from Brazil won $5,989,205.
When Powerball began, there were 15
participating lotteries, including Hoosier Lottery. Twenty-five years later, 47
lotteries sell Powerball, including 44 states, Washington D.C., the U.S. Virgin
Islands and Puerto Rico.
In 1992, the starting jackpot for
Powerball was $2 million. Today, the starting jackpot is $40 million.
Powerball by the numbers
Fun facts about Powerball:
- Most commonly-drawn white ball numbers: 32, 16, 41,
- Most commonly-drawn Powerball numbers: 20, 2,
- Largest Powerball jackpot: $1.586 billion on Jan.
- Largest Powerball jackpot won in Indiana: $435.3
million on Feb. 22, 2017
- Number of winners on the first Powerball drawing:
Overall Odds for Powerball are 1 in
here to download the Hoosier Lottery Mobile App.
ABOUT THE HOOSIER LOTTERY:
Hoosier Lottery distributions benefit every county throughout Indiana. The
Hoosier Lottery contributes $30 million annually to local police and
firefighters' pensions and $30 million annually to the Teachers' Retirement
Fund. In fiscal year 2015, the Hoosier Lottery contributed $182.5 million to
the Build Indiana Fund. To learn more about the Hoosier Lottery, visit
www.hoosierlottery.com/givingback and follow on Facebook and
CONTACT: Jerry Grider, Hoosier
Lottery Sr. Manager of Public Relations, Email:
SOURCE: The Hoosier Lottery.
Lottery Sets New Monthly Sales Record For Instant-Scratch
Scratch Sales in March
Topped $23 Million, Beating Previous Record Set in March 2016
CLIVE, Iowa (April 13, 2017) -- The
Iowa Lottery set a new monthly sales record for instant-scratch tickets in
March, topping the previous record that had just been set a year earlier.
Instant-scratch sales for March 2017
in Iowa totaled more than $23 million, which broke the lotterys previous
monthly sales record in those games of $22.7 million, set in March 2016.
Scratch tickets were the first
product introduced by the Iowa Lottery and they continue to be one of our
top-selling items today, said Iowa Lottery CEO Terry Rich. We
continue to work hard to keep a fresh mix of games on the market to give
consumers choices and variety.
The strong sales for the month were
driven by the March 6 introduction of the lotterys first $30 scratch
game, Ultimate Riches. The new scratch game offers an extended-play
style and prizes ranging from $30 up to $300,000.
Iowa scratch-game sales set an
annual record during the last fiscal year of $233.7 million, and are running
ahead of that pace in the first nine months of fiscal year 2017.
Since the Iowa Lotterys start
in 1985, its players have won more than $3.8 billion in prizes while the
lottery has raised more than $1.7 billion for state programs.
Today, lottery proceeds in Iowa have
three main purposes: They provide support for our states veterans and
their families through the Iowa Veterans Trust Fund; help for a variety of
significant projects through the state General Fund; and backing for the Vision
Iowa program, which was implemented to create tourism destinations and
community attractions in the state and build and repair schools.
More Information CONTACT: Mary
Neubauer, T: 515.725.7906, E: firstname.lastname@example.org.
SOURCE: The Iowa Lottery.
Arizona Lottery Makes Historic $206 Million Transfer to State
PHOENIX, Arizona (January 20, 2017)
From a milestone anniversary and new airport location, to the first-ever
Arizona Cardinals Scratchers® and a billion dollar Powerball, the Arizona
Lottery had a lot to celebrate in 2016. The biggest highlight of the year,
however, is Arizona Lotterys record breaking annual transfer of over $206
million back to the state of Arizona.
In fiscal year 2016 (July 1, 2015 to
June 30, 2016), Arizona Lottery transferred more than $206 million to its
beneficiariesa 17% increase from fiscal year 2015, or nearly $30
record-breaking transfer, Lottery will continue to positively impact a variety
of programs and organizations that serve diverse groups of Arizonans, such as
foster children, the vulnerable, tribal students and more, said
The transfer increase is a result of
record-breaking sales driven by the largest Powerball® ever recorded, an
incredible $1.586 billion. Consequently, Powerball was the most Googled term in
2016 producing international attention. The $1.586 billion jackpot generated
over $85 million in sales in Arizona over the course of just nine weeks.
Proceeds from Arizona Lottery sales
have a large economic impact as well. With three Top 10 Powerball jackpots in
2016 alone, lottery players and retailers got lucky. Here are the
- 5th largest Powerball Jackpot reaching $487
million, resulting in $25.9 million in sales over a course of 12 weeks
- 7th largest Powerball Jackpot reaching $429.6
million, resulting in $19.6 million in sales over a course of 8 weeks
- Nearly half a billion dollars paid in prizes to
- Over $59.1 million in commissions to retailers
The growth we have seen in
transfers to beneficiaries, commissions for retailers and prizes for players is
an immense accomplishment for Arizona as a whole, said Gregg Edgar,
Executive Director of the Arizona Lottery.
Looking forward, we are
strategizing various innovative ways to maintain, and even surpass these record
numbers so Lottery can continue to deliver its products how our players would
like, as well as transfer even more funds to our beneficiaries.
The Arizona Lottery transfers
dollars to 13 legislatively mandated funds that serve 18 beneficiaries. Funding
supports organizations throughout Arizona in the areas of Arts and Education,
Community Enrichment, Economic Development, Environmental Conservation, Health
and Human Services and Public Safety.
SOURCE: The Arizona Lottery.
Brings Together Largest Online Gaming Companies to Collaborate on Its Third
Party Interface Standard (TPI)
SAN GWANN, MALTA (April 17, 2017) -
The Gaming Standards Association and GSA Europe gained significant support from
online gaming companies for its work on a new standard, the Third Party
Interface (TPI). The Online Gaming Committee (OGC) will enjoy wider membership
participation to accelerate completion of the standard. This new standard,
specifically for the online gaming industry, will simplify system integration
between content providers and platform providers. Further, the TPI will reduce
support costs by providing a single API, supported by GSA, avoiding multiple
The Third Party Interface is the
latest sign that GSA Europe and its members are fulfilling their mission
promise to create practical solutions that address real issues facing
suppliers, operators, and regulators in jurisdictions across Europe. GSA
anticipates that TPI will be released before the end of 2017, after the
completion of alpha testing.
Chris Hobbs, Director of Corporate
Affairs, Microgaming, a GSA Platinum Member Company said, "We have evaluated
the Third Party Interface standard and believe it has the potential to be a
valuable tool for Microgaming. In particular use of the Third Party Interface
should bring about a number of benefits, and we are looking forward to working
within GSA's Technical Committee to help drive additional functionality in
support of our business objectives."
Francesco Rodano, Chief Policy
Officer, Playtech added, "As a Platinum Member of GSA, Playtech has taken a
leadership role in development of the Third Party Interface. This interface
will simplify and expedite integration efforts with content providers as well
as potentially reduce ongoing maintenance and support. We have been alpha
testing this solution with very positive results and look forward to working
within GSA's Technical Committee to continue driving additional functionality
in support of our business objectives."
GSA's Third Party Interface standard
is based on JSON and WebSocket technology and describes standardized interfaces
between iGaming Platforms and Remote Game Servers, as well as Remote Game
Servers and Progressive Jackpot Controllers. Additionally, the specification
indicates how the URLs used to launch games on Remote Game Servers should be
formatted. The specification fully supports online gaming operations that
service multiple jurisdictions, allowing the activity associated with each
jurisdiction to be easily isolated and reported separately.
Like all GSA standards, the TPI was
created through collaboration between GSA member companies. There is a level of
membership for every budget. Visit:
www.gamingstandards.com to learn more. Join GSA as a member
today and join GSA on LinkedIn, Twitter, and Facebook.
GSA Platinum members include:
Aristocrat Technologies Inc.; International Game Technology (IGT); Konami
Gaming Inc.; Microgaming; NOVOMATIC Gaming Industries Gmbh; Playtech, (PTEC.L),
Scientific Games International (SGMS), & Sega Sammy Creation, Inc.
Other members include: Ainsworth
Game Technology Inc.; Amatic Industries GmbH; APEX pro gaming; Appolonia; Ares
Way; Atlantic Lottery Corporation; BHGLS Pty. Ltd.; BMM Testlabs; Casinos
Austria; ComTrade Gaming; Combination AB; Crane Payment Innovations; DRGT
Europe; eBet Gaming Systems Pty., Ltd.; European Casino Association; Everi;
Foxwoods Resort Casino; Gamblit Gaming, LLC; Gaming Laboratories International,
LLC. (GLI); Gaming Consultants International; Gaming Technologies Association;
Gauselman GmbH; Ganlot; Grand Vision Gaming; House Advantage; Intralot S.A.
(INLr.AT); Inspired Gaming Group Ltd.; Interblock USA; JCM Global; Loto-Quebec;
Macao Polytechnic Institute; Macau Gaming Equipment Manufacturers Association;
Manitoba Liquor & Lotteries Corporation; Maxgaming; Multi-State Lottery
Association; Nidec Sankyo Corporation; Oregon Lottery; Paltronics Australasia
Pty. Ltd.; Radical Blue Gaming; Random Consulting; RAY; Seminole Tribe of
Florida; Seoul National University of Science & Technology; Smartgames
Software Hardware Systems Holdings Ltd.; Sightline Payments; techno-consult
GmbH; U1 Gaming; TNDR, Inc.; Universal de Desarrollos Electronicos, S.A.; UNLV
International Gaming Institute; Western Canada Lottery Corporation.
SOURCE; Gaming Standards
Neopollard Interactive and Michigan Lottery Achieve iCAP
LANSING, Michigan (April 17, 2017)
-- NeoPollard Interactive LLC (NeoPollard Interactive) is pleased
to announce that it has achieved Internet Responsible Gambling Compliance
Assessment Program (iCAP) recertification by the National Council on Problem
Gambling (NCPG). The company also congratulates the Michigan Lottery on the
successful renewal of its iCAP certification, which reflects the Lotterys
dedication to the best interests of its players.
NeoPollard Interactive and the
Michigan Lottery were the first U.S. vendor and lottery to achieve iCAP
certification in October 2015, after collectively meeting the NCPGs
stringent 30-point evaluation criteria of the Lotterys online gaming
solution and robust responsible gaming controls. The first program of its kind
in the U.S., iCAP provides vendors and operators with an independent assessment
of responsible gaming policies based on standards and best practices from
jurisdictions around the world. This assessment goes beyond the requirements of
individual states to ensure that lotteries and vendors comply with the highest
standards, as identified by the NCPG.
We commend NeoPollard
Interactive and the Michigan Lottery on their successful iCAP
recertifications, said Keith Whyte, Executive Director, NCPG.
Problem gambling is an issue that concerns not only lotteries, but
vendors as well. These recertifications demonstrate leadership and a commitment
in protecting players who choose to play the lottery on the Internet through
socially responsible gaming procedures.
We are very pleased that
our iCAP certification has been renewed with the National Council on Problem
Gambling, said Doug Pollard, Co-Chief Executive Officer, NeoPollard
Interactive. Responsible gaming is a constant consideration for
lotteries, particularly in the world of online gaming. Our iCAP recertification
emphasizes NeoPollard Interactives commitment to responsible gaming
practices that maximize lottery sales while also ensuring that players remain
within their limits.
Ilan Rosen, Co-Chief Executive
Officer, NeoPollard Interactive added, The nature of technology
provides ample opportunities to create informed players and discourage unsafe
wagering or play behaviors. Our iLottery 360° Solution incorporates
state-of-the-art responsible gaming controls to help lotteries minimize risk
while protecting the interests of their players.
Established in 1972, the NCPG is a
non-profit organization that leads state and national stakeholders in the
development of comprehensive policy and programs for problem gamblers and their
NeoPollard Interactive LLC
(NeoPollard Interactive) was established on July 31, 2014 and is
jointly owned by two of the worlds most trusted and reputable companies
in lottery and Internet gamingPollard Banknote Limited (Pollard
Banknote) and NeoGames S.A.R.L. (NeoGames). NeoPollard
Interactive combines the marketing expertise and extensive worldwide lottery
experience of Pollard Banknote with the proven leadership and technology of
NeoGames in launching new online and mobile gaming products and services in
response to an ever-evolving marketplace. The company leverages the strengths
of each partner company to develop, implement, operate, and maintain innovative
online gaming services for regulated lottery clients in order to generate
revenues for good causes.
For more information about
Neopollard Interactive, CONTACT:
Co-Chief Executive Officer
Telephone: (204) 474-2323
Co-Chief Executive Officer
SOURCE: NeoPollard Interactive
Lottery Players Enthusiastic about New Players Loyalty
TOPEKA, Kansas (April 13, 2017) --
Players are enthusiastically taking advantage of their ability to
PlayOn with the Kansas Lottery. The Kansas Lotterys new
PlayOn® Players Loyalty program has now reached a milestone of more than
Launched at the end of January,
PlayOn lets players submit their winning and non-winning tickets to earn points
which can be redeemed for drawing entries for a chance to win cash and other
Just last week, four players each
won $2,500 cash in the first PlayOn Quarterly Drawing. Players can also enter
second-chance drawings through PlayOn, and the program features an easy-to-use
free mobile app.
PlayOn has been a good
addition to the Kansas Lottery, said Terry Presta, Kansas Lottery
Executive Director. Weve seen a steady increase of members
engaging in the new program and we really believe it adds fun and excitement
via the many more ways it offers players to WIN prizes and big bucks.
PlayOn members have already
submitted more than a million tickets. Super Kansas Cash tickets lead the way
with more than 117,000 tickets submitted, followed by Powerball, $2 Double
Bonus Crossword, Mega Millions and Hot Lotto. Through the end of May,
PlayOn members are receiving triple points for the submission of $1 and $2
Veterans tickets. Players can also earn points just by participating in
Its easy to join PlayOn.
Download the free PlayOn mobile app from the App Store or Google Play, or click
on PlayOn on the Kansas Lottery website to access the program with a
PlayOn® is a registered
trademark of Pollard Banknote Limited used under license
CONTACT: Sally Lunsford, T: (785)
296-5708, E: email@example.com.
SOURCE: Kansas Lottery.
& Damani to Share Its Experience on Transformation at
GURGAON, India (April 12, 2017)
Asia Pacific Lottery Association (APLA) is conducting a special 2-day
Seminar in Chengdu, China from 24-27 April 2017 Seminar on theme
Lottery Today: To Transform or Be Disrupted
& Damani Group CEO, Mr. Kamlesh Vijay
Sugal & Damani Group CEO, Mr.
Kamlesh Vijay is invited as a speaker and would be participating in
the Panel Session 3: Regulation & Legislation How can they
help with the Transformation? The session will be held on April
25th, 2017 at 3.30pm.
Mr. Kamlesh Vijay, commented,
We have gone through several stages of transformation in India and
other emerging markets. It is now a continual evolutionary process and
Regulators play a key role in it. Rapid technology advancements and social
changes are constantly shifting the paradigm of our business across multiple
stakeholders. As a well-knit regional community we have rich experiences to
share and its always been our pleasure to associate with APLA conference
and seminars. This years topic is quite special and important for the
future of our industry and more specifically for the emerging markets and
therefore I look forward to sharing of our ideas and experiences in
transforming Lottery and Gaming landscape.
China 24 - 27 April 2017
About Sugal & Damani
Sugal & Damani Group is a 45
year old privately held business conglomerate with revenues of $2 billion and
presence in 3 continents. It is the parent organization of leading Lottery and
Gaming technology provider SKILROCK TECHNOLOGIES. The group is also the largest
state government lottery operator in India and runs the second largest
commercial services business "Payworld" with 65,000 retail touch points along
with having diverse business interests ranging from real estate to power
generation to stock broking and more.
For further information or
assistance please CONTACT: Sourabh Goyal, T: +44 (0) 20 3286 7878 / +91 8826
315550, Email: firstname.lastname@example.org,
SOURCE: Sugal & Damani
Greentube Launch Games with Las Vegas Casino
first licensed online operator Las Vegas Casino is now offering
world-famous NOVOMATIC games portfolio.
VIENNA, Austria (April 2017) --
Greentube, the NOVOMATIC Interactive division, today launched its most popular
casino slot games with online gaming operator Las Vegas Casino.
Greentube is now offering Hungarian
players NOVOMATICs land-based games and other high performing games from
a select range of NOVOMATIC game design studios via the first licensed online
casino in Hungary.
NOVOMATICs renowned blue chip
games Book of Ra, Lucky Lady´s Charm, Sizzling Hot
deluxe are amongst the most prominent titles now available on www.vegas.hu with
Gernot Baumgartner, Greentube Head
of Marketing & Sales, commented: We are very happy to announce our
successful games launch in the Hungarian Online Gaming market with our partner
Las Vegas Casino.
Players will from now on not only be
able to enjoy the most popular NOVOMATIC titles on the Casino floors of LVC,
but also in an Omni-channel environment via PC and mobile devices.
Samuel Falconello Jr, Executive
Director of the Las Vegas Casino Group, added: We are very excited
about our partnership with Greentube, which will add its superior content to
our premium portfolio. We believe that with the deep industry knowledge and
market expertise of Greentube, we will be able to satisfy local demand even
better, and provide our players with the grandest and most enjoyable gaming
Tennessee Lotterys 3rd Quarter Proceeds for Education 2nd
Highest to Date
NASHVILLE, Tennessee Education
(April 17, 2017) -- The Tennessee Education Lottery Corporation announced today
the second highest quarterly return to education since it began Jan. 20, 2004.
The period from Jan. 1, 2017, through March 31, 2017, produced $104.3 million
for education, bringing the total raised for Lottery-funded programs to nearly
The quarter also saw a new record
for instant game sales set in March. That months instant ticket sales of
$140.7 million topped the previous monthly instant sales record of $126.6
million, set in March 2016. This is an increase of $14.1 million, or 11.2
More than 120,000 students benefit
each year from Lottery-funded programs, and more than one million
Lottery-funded grants and scholarships have been awarded since 2004. In
addition to the educational beneficiaries, players have won more than $11.3
billion in prizes and Lottery retailers have earned more than $1 billion in
retailer commissions since inception.
The number of education
programs funded by the Tennessee Lottery continues to grow, as does the number
of students who benefit each year, said Rebecca Hargrove, President
and CEO. We remain committed to this ongoing success, and we thank
those who have helped make this possible.
About the Tennessee Education
The Tennessee Education Lottery
Corporation operates entirely from the revenue it generates through the sale of
its products. Since January 20, 2004, the Lottery has raised more than $4.1
billion to fund designated education programs, including college grants and
scholarships, after-school programs and Tennessee Promise.
For additional information, visit
tnlottery.com and follow us on Facebook, Twitter & Instagram. Have Fun.
Play Responsibly. For more information, please visit:
CONTACT: Kym Gerlock, T:
615-324-6556, E: email@example.com.
SOURCE: The Tennessee Education
Lottery Launch Eclipse Cash Scratch Game to Commemorate Solar Eclipse in
BOISE, Idaho (April 17, 2017) --
Hundreds of thousands of star gazers across Idaho will turn their attention
towards the heavens on Monday, August 21, 2017 to witness a once-in-a-lifetime
cosmic phenomenon a total solar eclipse.
With Idaho serving as one of the
best viewing places in America to witness this celestial showpiece, the Idaho
Lottery has caught a little solar eclipse fever and is
commemorating the event with an out of this world Scratch Game called Eclipse
The Idaho Lottery is always
working to stay topically relevant to whats taking place in and around
Idaho, said Jeff Anderson, Idaho Lottery Director.
Eclipse Cash is a
thematically timely ticket that will capture the significance of this historic
event that last occurred in Idaho a century ago.
With the solar eclipse only four
months away, the Idaho Lottery launched Eclipse Cash on Monday, April 17,
2017. The $5 game itself dazzles like the Milky Way on a clear, warm
summer night and carries a two astronomic top prizes of $50,000.
The game ticket artwork features
twinkling stars and moons in the twenty phases of the solar eclipse that reveal
winning numbers and prizes. There are a total of 487,650 tickets printed
in the game.
In late spring and through the
summer, players who make qualified purchases of Eclipse Cash from the Idaho
Lotterys Wooh Crew at their public events will have the chance to receive
special glasses for viewing the eclipse from areas not completely in the shadow
of the moon.
"To produce the starlight and
moon effects on the ticket, the Idaho Lottery utilized Scratch Game printer
Pollard Banknote Limited's Scratch FX® to produce the star
field array. The game was printed in Ypsilanti, Michigan."
ABOUT THE IDAHO LOTTERY
The Idaho Lottery responsibly
provides a variety of entertaining games featuring Powerball, Mega Millions,
Scratch Games, and Pull-Tabs with a high degree of integrity to maximize
the dividend for Idaho public schools and the permanent building fund. Since
their inception in 1989, the Idaho Lottery has sold over $3.1 billion in
products, awarded over $1.9 billion in prizes to players, returned $186.5
million in retail commissions, and distributed $744 million in Lottery
dividends to Idaho public schools and the Permanent Building Fund. To learn
more, please visit: www.idaholottery.com.
CONTACT: David Workman, T: (208)
334-2600, Web: www.idaholottery.com
SOURCE: The Idaho Lottery.
Kentucky Downs and EquiLottery Enter Broadcast Rights
LOUISVILLE, KY (Monday, April 17,
2017) Kentucky-based entities Kentucky Downs and EquiLottery have
entered into an agreement that will allow the use of races from the Franklin,
Kentucky racetrack as the basis for EquiLottery, a new lottery game based on
the results of live horse racing. This marks the first such agreement between a
Kentucky racetrack and EquiLottery.
We applaud the vision of
the entire EquiLottery team as they have continued to press forward with an
exciting and unprecedented product, said Kentucky Downs SVP and
General Manager Ted Nicholson. This is the only product we have seen
that truly has the potential to expand the distribution and exposure of live
horse racing. The implications of this are tremendous for the long-term
viability of the sport by greatly increasing its popularity and reach in daily
pop culture. The time has come for this game to see its day in Kentucky and we
are proud to be the first racetrack in the state to sign an agreement with
The agreement is similar to others
signed earlier this year in West Virginia with Penn National Gamings
Hollywood Casino at Charles Town Races and Eldorado Resorts Mountaineer
Park. When Kentucky Downs races are featured through the lottery game, a
broadcast rights fee will be paid to the track and split equally into purse
funds in exchange for the use of live on track race video in the EquiLottery
mobile app. Studies show the ability to watch live races through a mobile
device is key to successful player appeal.
We are very excited about
adding Kentucky Downs to our growing stable of racetracks, said
EquiLottery Founder and CEO Brad Cummings. Corey and his team have
been leaders in horse racing innovation and theres no doubt what they
have done with Kentucky Downs over the years is very impressive. Its a
blessing for us to count them as partners as we continue to push for new ways
to grow the pie for horse racing and the lottery by expanding both customer
bases and creating new revenue opportunities for both industries.
Since its public announcement over
the summer of 2014, EquiLottery has worked diligently to develop its lottery
product based on the results of live horse racing. During that time, this
innovative company has structured agreements with lottery industry leader IGT
Global Solutions and tote system leader AmTote International to be able to
deliver a cohesive lottery experience for state lotteries and their players.
EquiLottery is also in development on its IOS and Android mobile app which will
allow players features such as watching races live and on replay, scanning
tickets and setting push notifications for upcoming races all from the
convenience of their mobile devices.
CONTACT: Brad Cummings, T: (502)
644-1454, E: firstname.lastname@example.org.
New Jersey Lottery is Adding Quick Draw, an Exciting New Game Style to Its
TRENTON, N.J. (April 18, 2017)
The New Jersey Lottery announced that it will soon be adding a new style
of lottery play to its product lineup with Quick Draw, a game with drawings
held every five minutes. Winning numbers are displayed on a television screen
installed in retail locations where tickets are sold. Quick Draw will most
commonly be played in social settings such as bars, restaurants, bowling
alleys, etc., where players stay for a period of time to socialize, dine and
meet with friends.
It has been a long-standing
and much anticipated goal of the Lottery to offer this new and exciting game to
the public, said Carole Hedinger, New Jersey Lotterys Executive
Director. It will attract new participants and generate greater
opportunities for the people of New Jersey. Currently, 18 other lotteries offer
this style of game, with North Carolina also announcing similar plans last
Today, the Lottery Commission was
presented with modified game rules reflecting the changes necessary to make the
rules compliant with todays business technology and practices. The
Lottery Commission initially approved Quick Draw game rules in 2005, in
anticipation of this offering.
The anticipated launch date in New
Jersey is August 2017. The game will initially be rolled out at approximately
200 Lottery locations that meet the appropriate retail classification as noted
above with additional retailers to be identified in the months ahead.
Quick Draw is projected to increase
Lottery net proceeds by approximately $20 million. That anticipated revenue is
included in the Fiscal Year 2018 Budget proposal.
ABOUT QUICK DRAW
Quick Draw is a game of chance that
provides players with a field of 80 numbers from which to choose up to 10
numbers. The Lottery draws 20 numbers and, depending on how many numbers
players match, they win a prize. Drawings are held every five minutes and the
winning numbers are displayed on television screens in the retail
locations. Quick Draw is typically played in locations at which large
numbers of people congregate socially such as bars, restaurants and bowling
ABOUT THE LOTTERY
Since its inception in 1970, the New
Jersey Lottery (NJLottery.com) has contributed nearly $25 billion to the State
in support of education and institutions.
CONTACT: Judith L. Drucker, Chief
Communications Officer, T: Phone: (609) 599-5875, E:
SOURCE: New Jersey Lottery.
Business Growth by OPAP": 20 Developing Small &
Medium Sized Businesses to Participate in the Program
ATHENS, Greece (April 15, 2017) --
Faithful to its strategy of generating value for the Greek economy and society,
OPAP announced the 20 developing small and medium sized companies that were
chosen to participate in the "Business Growth by OPAP" program. OPAP's vision
is to give new life to the Greek market and by extension to create a better
future for entrepreneurship. The presentation of the program and the companies
participating was made at a special event held Tuesday 4 April 2017 at the
Athens Concert Hall.
The 20 developing SMEs participating
in the program are: Alvion Pharmaceuticals, Anassa, Bläuel, Cream Team,
Diving Status, Doctoranytime, Evrofarma, Koufetopoiia Hatziyannaki, KANAKAS,
Madame Shoushou, Nannuka, Nanophos, NISOS, Plex.Earth, Pockee, Provertia,
Radiki, Roussas Dairy company, Spotawheel and Tsililis.
These are companies representing
production and extroverted sectors of the Greek economy, such as retail,
shipping services, food processing, technology, pharmaceuticals, etc. Through
the "Business Growth by OPAP" program they will receive comprehensive support
and access to a network of more than 70 senior market executives that will help
them overcome the challenges they face and to broaden their business horizons
in order create jobs through their evolution.
OPAP President, Kamil Ziegler, said:
"Over time, OPAP is a vibrant and integral cell of the Greek economy and
society. We are proceeding with significant investments, we are implementing an
array of projects and we are contributing to the creation and retention of jobs
through a strategy that creates value for society, the economy and our company.
OPAP's "bet" is on growth and we are working hard to achieve it. This is
why today is a special day for us as it marks the launch of the "Business
Growth by OPAP" program which aims to enhance the prospects of dynamic
OPAP CEO, Damian Cope, noted: "As
one of the market leaders and a responsible partner of Greek society we fully
recognize the positive impact we can have at a social level through our
activity. This is the cornerstone of our strategy in the field of corporate
responsibility, which creates significant benefits for many of our social
partners across the country."
"We are proud of our
achievements, but at the same time, we seek to raise the bar higher and higher.
Believers, therefore, in our strategic goal of creating a better future for the
new generation the future of Greece we actively support
employment and growth through specific actions such as the "Business Growth by
OPAP" program we presented today".
OPAP Chief Customer Officer, Petr
Matejovsky, commented: "The mission of the program we are implementing in
cooperation with Endeavor Greece is the complete support of developing small
& medium size businesses, the backbone of the economy, and to create new
job positions. The response of the business community to our call was
particularly strong, as more than 500 companies applied for participation. The
selection of the 20 companies was based on criteria such as innovation, their
business model, the prospects of the business, and the vision of the
entrepreneur. This dynamic team will have multiple benefits from the program,
beginning with the guidance in key areas of action such as strategy, financial
and operations management and even access to financing tools and international
The CEO of Endeavor Greece, Haris
Makriniotis, stated: "We are very proud to be in partnership with OPAP in
the "Business Growth by OPAP" program as we believe that the 20 dynamic,
developing SMEs selected can transform their sectors and create value for the
country. They are companies with significant multiplier effect on the economy
and society, which can create a significant number of jobs, and they will be an
inspiration to others".
Pollard Banknote Limited Announces Intention to Make All Cash
Offer to Acquire INNOVA Gaming Group Inc.
- All-cash offer of $2.10 per Share
- Significant premium to INNOVA's closing price prior
to announcement of Pollard Banknote's interest in INNOVA
- Allows all shareholders to realize immediate
liquidity and certainty of value
- Supported by largest shareholder holding
approximately 41% of the outstanding Shares who has provided Pollard Banknote
with a right to match
- Minimum tender condition will be satisfied if more
than 50% of outstanding Shares tendered
- Offer not subject to due diligence or financing
- Provides certainty to strategic review process
WINNIPEG, Canada (April 17, 2017) --
Pollard Banknote Limited (TSX:PBL) ("Pollard Banknote") today announced that it
intends to make a formal offer (the "Offer") to acquire all of the issued and
outstanding common shares ("Shares") of INNOVA Gaming Group Inc. ("INNOVA") for
cash consideration of $2.10 per Share (the "Offer Price").
The Offer Price represents a
significant premium of approximately 39% to the closing price of $1.51 per
Share on the Toronto Stock Exchange (the "TSX") as of March 9, 2017, the last
trading day prior to Pollard Banknote's announcement of its initial proposal to
the board of directors of INNOVA (the "INNOVA Board") to acquire all of the
Shares. The Offer Price also represents an approximate 36% premium to the
volume weighted average trading price of $1.54 per Share on the TSX over the 20
trading days ended March 9, 2017. The Offer Price values INNOVA at an equity
value of approximately $43 million.
Background to the Offer
On March 10, 2017, Pollard Banknote
announced that it had presented a proposal to INNOVA to acquire all of the
issued and outstanding Shares at the Offer Price. Pollard Banknote also
announced that it had entered into an agreement (the "Amaya Support Agreement")
with Amaya Inc. ("Amaya"), pursuant to which Amaya agreed to vote all of its
Shares (representing approximately 41% of the outstanding Shares) in favour of,
and/or tender all of its Shares to, the proposed transaction in any form,
including a plan of arrangement, take-over bid or other acquisition method,
subject to the terms of the Amaya Support Agreement. Amaya has also provided
Pollard Banknote with the right to match any superior offer received by Amaya,
including any superior offer supported by INNOVA, subject to the terms of the
Amaya Support Agreement.
Following execution of the Amaya
Support Agreement, Pollard Banknote engaged in discussions with INNOVA
regarding the terms of Pollard Banknote's proposal. However, Pollard Banknote
and INNOVA could not agree to terms on which the INNOVA Board would support the
proposed transaction, and INNOVA has since commenced a strategic review
process. As a result, Pollard Banknote has decided to make the Offer directly
Reasons to Accept the
Pollard Banknote believes the Offer
is compelling and represents a clearly superior alternative to continuing on
the course set by the current INNOVA Board and management of INNOVA, for the
- Significant Premium to Market Price. The Offer
represents a significant premium of approximately 39% to the closing price of
$1.51 per Share on the TSX as of March 9, 2017, the last trading day prior to
Pollard Banknote's announcement of its initial proposal to the INNOVA Board to
acquire all of the Shares. The Offer also represents a significant premium of
approximately 36% to the volume weighted average trading price of $1.54 per
Share on the TSX over the 20 trading days ended March 9, 2017.
- Liquidity and Certainty of Value. The Shares are
thinly traded and the Offer provides an attractive liquidity event and an
opportunity for Shareholders to realize cash proceeds and certainty of value
for their entire investment.
- Fully Financed Cash Offer. The Offer is not subject
to a financing condition. Pollard Banknote has secured, on a firm, committed
basis, all of the financing required to fund the entire consideration payable
for the Shares and to complete the transaction.
- High Likelihood of Completion. Pollard Banknote is
a highly credible counterparty with significant experience in the gaming
industry. Pollard Banknote believes that its experience in the gaming industry
will lower any risk associated with obtaining the required regulatory
approvals. In addition, Pollard Banknote believes that there is a high
likelihood that more than 50% of the outstanding Shares will be tendered to the
Offer, and therefore the minimum tender condition will be satisfied, given that
the Offer is supported by Amaya, which holds approximately 41% of the
- Support of Major Shareholder. Amaya, which
indirectly owns 8,180,000 Shares, representing approximately 41% of the total
issued and outstanding Shares on a non-diluted basis, has agreed to tender all
of its Shares to the Offer, subject to the terms of the Amaya Support
Agreement. The Offer Price was the subject of extensive negotiations between
Pollard Banknote and Amaya over several months prior to entering into the Amaya
Support Agreement. Amaya has also provided Pollard Banknote with the right to
match any superior offer received by Amaya, including any superior offer
supported by INNOVA, subject to the terms of the Amaya Support Agreement.
- Risks of INNOVA Standalone. There is considerable
risk to Shareholders if the INNOVA Board and management team continue to pursue
their standalone strategy. The INNOVA unaffected share price as of March 9,
2017 has declined approximately 62% since INNOVA's initial public offering on
May 5, 2015, representing a loss of approximately $51 million in equity value
to investors in that initial public offering. Furthermore, a significant
portion of INNOVA's EBITDA is provided by Amaya's EBITDA Support Agreement,
which expires not later than June 30, 2020.
- Potential for Downward Impact to Share Price if
Offer Not Accepted. The Offer Price represents a significant premium to the
market price of the Shares prior to the public announcement by Pollard Banknote
of its initial proposal to the INNOVA Board to acquire all of the Shares. There
is no assurance that the INNOVA Board will proceed with an alternative
transaction to the Offer. If the Offer is not successful, and no other offer is
made for INNOVA, Pollard Banknote believes it is likely the trading price of
the Shares will decline to pre-Offer levels.
"We believe this is a compelling
opportunity for INNOVA shareholders to receive a full and fair price for their
shares," said John Pollard, Co-Chief Executive Officer of Pollard Banknote.
"On completion of the Offer, we expect Pollard Banknote will be
well-positioned to expand key customer relationships and achieve economies and
efficiencies of scale which exceed what INNOVA could achieve as a standalone
Terms and Conditions of the
Under the terms of the Offer,
Pollard Banknote would acquire, through a wholly-owned subsidiary, all of the
issued and outstanding Shares for $2.10 in cash per Share.
The Offer will be open for
acceptance until 5:00 p.m. (Toronto time) on August 3, 2017, unless the Offer
is extended or withdrawn. INNOVA has the ability to shorten the deposit period
to 35 days to allow Shareholders to sell their Shares under the Offer without
The Offer will be subject to
customary conditions, including, among other things: (i) there having been
validly deposited under the Offer and not withdrawn that number of Shares
representing more than 50% of the outstanding Shares, excluding those Shares
beneficially owned, or over which control or direction is exercised, by Pollard
Banknote or by any person acting jointly or in concert with Pollard Banknote,
which is a non-waivable condition, (ii) Pollard Banknote having determined, in
its sole judgment, that there does not exist and there shall not have occurred
or been publicly disclosed since the date of the Offer, a material adverse
effect in respect of INNOVA, and (iii) certain regulatory approvals having been
obtained and/or waiting periods expired.
The Offer is not subject to any
due diligence or financing condition.
Full details of the Offer will be
included in the formal offer and take-over bid circular to be filed with
securities regulatory authorities and mailed to Shareholders. The Offer
documents and the Amaya Support Agreement will be accessible under INNOVA's
profile on SEDAR on April 19, 2017.
Pollard Banknote has retained Laurel
Hill Advisory Group as its depositary and information agent in connection with
About Pollard Banknote
Pollard Banknote is a leading
lottery partner to more than 60 lotteries worldwide, providing high quality
instant ticket products, licensed games, and strategic marketing and management
services for both traditional instant games and the emerging iLottery space of
web, mobile and social channels. The company is a proven innovator and has
decades of experience helping lotteries to maximize player engagement, sales
and proceeds for good causes. Pollard Banknote also plays a major role in the
charitable pull‐tab and bingo markets
in North America. Established in 1907, Pollard Banknote is owned approximately
73.5% by the Pollard family and 26.5% by public shareholders and is publicly
traded on the TSX (PBL). For more information, please visit our website at
For more information or assistance
with tendering your shares, please contact Laurel Hill Advisory Group,
depositary and information agent in connection with the Offer, at:
Laurel Hill Advisory Group
North America Toll Free:
Collect Calls Outside North America:
For further information:
Co-Chief Executive Officer,
Co-Chief Executive Officer,
Chief Financial Officer,
T: (204) 474-2323
SOURCE: Pollard Banknote
Government Appoints Camilla Rosenberg Acting Director General
STRANGNAS, Sweden (April 13, 2017)
The Government has announced that following the resignation of Hakan
Hallstedt to become an alderman in the Blekinge District Court it has appointed
Camilla Rosenberg Acting Director General of the Gaming Board from May 15.
Camilla Rosenberg has since
September 1, 2015 been the Head of the Operations Department of the Gaming
Board with responsibility for the agency's licensing and regulatory
Camilla was previously with the
Energy Agency, where she held various management positions, most recently as
Camilla has previously held various
management positions in the Inspectorate, was First Secretary at the Ministry
of Finance and also participated in several government inquiries regarding
She also has experience from the
private sector as a tax consultant at KPMG.