Lottery Corporation Goes Public
By George Oates, Jul 24th 2006In an important meeting, the Board of Directors of Games, Inc. voted to spin off the shares of Lottery Corporation to its shareholders, in the hope, that this will better recognize the value inherent in those shares and that with this action, the shareholder value will be unlocked.
The Lottery Corporation shares will be dispersed in a direct relation with the number of shares from Games Inc., as follows: each Games Inc. shareholder will receive 1 share of Lottery for each 4 shares of Games Inc. held on the Record Date, rounded up to the nearest whole share. The Record Date will be set shortly and the company will communicate the date to all shareholders.
"With the simple fact that Online Lottery can generate an estimated 10% to 15% increase in total lottery revenues, and thus providing badly needed funds for education, Lottery Online has become an active topic in most U.S. and Canadian lottery jurisdictions. And we felt that the time has come to let current and future shareholders invest directly in the likelihood future growth of this market," said Roger Ach, CEO of Games, Inc. and Chairman of Lottery Corporation.
With the help of a secure and extensive software application, developed by Lottery Corporation consumers can access their own state lotteries directly. This Lottery Online market is the quickest growing section of the Camelot National Lottery of the United Kingdom, national-lottery.co.uk having recently been successfully introduced in the Atlantic Provinces of Canada at playsphere.ca.
The Lottery Corporation shares will be dispersed in a direct relation with the number of shares from Games Inc., as follows: each Games Inc. shareholder will receive 1 share of Lottery for each 4 shares of Games Inc. held on the Record Date, rounded up to the nearest whole share. The Record Date will be set shortly and the company will communicate the date to all shareholders.
"With the simple fact that Online Lottery can generate an estimated 10% to 15% increase in total lottery revenues, and thus providing badly needed funds for education, Lottery Online has become an active topic in most U.S. and Canadian lottery jurisdictions. And we felt that the time has come to let current and future shareholders invest directly in the likelihood future growth of this market," said Roger Ach, CEO of Games, Inc. and Chairman of Lottery Corporation.
With the help of a secure and extensive software application, developed by Lottery Corporation consumers can access their own state lotteries directly. This Lottery Online market is the quickest growing section of the Camelot National Lottery of the United Kingdom, national-lottery.co.uk having recently been successfully introduced in the Atlantic Provinces of Canada at playsphere.ca.
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Lottery Corporation Goes Public





