BUSINESS

German Lander brings lotteries under one roof; B-I-N-G-O for Sweden; Fortuna sells 10 percent of lottery to trigger growth

TAGs: Fortuna Entertainment Group, Germany, lander, Lottery, nyx interactive, state treaty, Sweden

national lotteryGerman Lander are aiming to harmonize one part of the gambling industry by bringing their lottery operations under one roof. Die Gemeinsamen Klassenlotterie der Länder (GKL) is Germany’s first ever-national lottery and is effective from 1 July 2012 after all 16 states decided to sign the treaty and join together to work against private lottery operators. Tax has been set at 16.67 percent and any private company looking to continue offering services will have a very hard time of it. The news comes after the country recently approved the State Treaty, against EU wishes, that allows for 20 licences taxed at 20 percent of turnover. A release from the GKL stated that the new lottery “will make legal gambling more attractive and improve the protection of players.”

Sweden’s Miljonlotteriet has added a brand new bingo product to their product offering. The deal, signed with fellow Swedes NYX Interactive, means they can offer a product that gives customers “choice” and “flexibility”. David Flynn, CEO of NYX, added: “The vision for the NYX bingo product is to empower our customers to offer the best solution for every player in every local market by providing the tools for configuring the product to fit the specific requirements per market and game using the NYX Back Office application in real time.”

Fortuna Entertainment Group has agreed to sell of 10 percent of its Czech lottery subsidiary. E-INVEST acquires a stake in Fortuna Loterie and the two will work together to increase their share of the Czech market to around “15-20 percent by mid 2014” Commenting on the news, Radim Haluza, newly appointed CEO of Fortuna Entertainment Group, stated:  “By signing this agreement, Fortuna Loterie will obtain a strong shareholder and strategy partner that will bring a substantial input into the next development of Fortuna lottery segment.”

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