State Gambling Operators Looking to Alternative Investments
By philip
State gambling operators profits in the future will increasingly come from investments outside their core business, says a new report by industry consultancy firm MECN. According to a survey conducted among state gambling operators, major targeted investments and activities of lotteries will be offering lottery services, such as products, consulting, to other lotteries, and investments in technology/service providers.

54% of the surveyed operators want to increase their alternative investments in the future. Current examples are: Norsk Tipping has investments in several other companies, German WestLotto earned about USD 10 million in 2003 from dividends of its alternative investments, or Loto-Québec’s subsidiary Ingenio provides products and services to many other lotteries.

As Martin Oelbermann, author of the study, explains: “A development that will drive this activity is the ongoing privatization. More and more state-licensed operators are being privatized – the Turkish and Greek operators started the trend; now the UK Tote announced privatization for the beginning of 2005. 85% of the state operators surveyed expect that the number of privatized state-licensed lotteries will increase in the next 3-5 years”.

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