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Lottoland CEO Embraces Controversy…and Insurance

Lottoland CEO Nigel Barrell is a very busy man these days as he defends his company's business model from fierce criticism in Australia, as well as expanding the scope of Lottoland's daily operations. On Lottoland's business operations side, the company recently announced that has received a financial services from Gibraltar for its Fortuna subsidiary. Fortuna…

Australian Government and Lottery Vendors Take Aim at Lottoland

Lottoland is under attack in Australia. All across the Land Down Under, gambling operators and governmental entities are mounting a fierce resistance to the company's unique business model that allows players to bet on the outcome of local and international lotteries. In Queensland, South Australia, and Victoria, local governments are working feverishly to scale back…

Do Lotteries Exploit the Poor? Not as Much as You Might Think

Do national and multi-state lotteries like the Powerball take advantage of low-income players? That's a long-held notion that's trotted out whenever the Powerball starts climbing past the $500 million mark, only there's just one little problem with that idea. According to a recent Gallup Poll, that idea might not actually be true. The new survey,…

Quebec Ready to Enforce Online Gambling Blacklist

Authorities in the Canadian province of Quebec are getting ready to enforce a blacklist of over 2,000 unregulated online gambling sites. It's a controversial move that's aimed at shoring up Loto-Québec, the provincial lottery, but it's not without controversy. Loto-Quebec officials have made no secret about what's motivating their desire to block access to the…

Illegal 4D Lotteries Cost Malaysian Government Big Bucks

Unregulated 4D lotteries are big business in Malaysia these days but their wild popularity comes with price. All this offshore lottery action is costing the Malaysian government hundreds of millions in lost tax revenue. 4-Digits (4D) lotteries are a licensed product of a company called Magnum 4D. The lotteries, which are extremely popular in Malaysia…

US Lottery Scandal Could Be Bigger Than Originally Thought

The state lottery system in the United States is generally regarded as a well run, and thoroughly regulated, arm of the legal gambling industry. In fact, most industry observers credit lotteries with opening up regulated gaming markets throughout the United States where gambling is now legal in 48 states. But a recent scandal involving a…