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Online Lottery Betting leaders announce major appointment

Gibraltar – 26^h July 2016

 

Online lottery betting leader Lottoland has appointed Elicia Bravo as their Chief Strategy Officer.

Upon completing an MBA at INSEAD Elicia is returning to her hometown Gibraltar to join Lottoland as Chief Strategy Officer. Elicia has over 7 years of international finance legal experience representing corporates, sovereigns and top-tier investment banks in a variety of multijurisdictional debt and equity-linked transactions. After a BA in law at Oxford University Elicia went on to qualify as both a UK and a NY lawyer.

Elicia joins Lottoland at a time of unprecedented growth and will play a leading role in developing, communicating, executing and sustaining strategic initiatives across the business including corporate governance matters.

Elicia said, “I am very happy and extremely excited to have the opportunity to be a part of this exceptional team. I look forward to helping Lottoland continue growing its business at such an unprecedented pace while also helping raise its profile and that of Gibraltar internationally.”

Lottoland CEO, Nigel Birrell, said, “We are delighted to bring Elicia on-board at what is the most exciting juncture in the relatively short history of our company.

Elicia’s legal background will place Lottoland in a great position to deal with all compliance and regulatory matters surrounding the business.

This, coupled with her financing, strategic and M&A expertise, means Elicia will be of immense importance as we continue to rapidly grow our company.”

Lottoland offers its players the opportunity to bet on the world’s biggest jackpots for the same prizes, including the jackpot.

There’s an extensive portfolio of draws available to bet on including EuroMillions, US MegaMillions, US PowerBall, Spain’s El Gordo, 5 draws from Australia, Irish Lotto and a host of other lotteries from across Europe and beyond.

Insurance Linked Securities (ILS) agreement ensures Lottoland’s large payouts, giving its customers access to the world’s biggest jackpots.

London – 13th July 2016

Online lottery betting leader Lottoland has announced a new two-year long-term agreement for its jackpot insurance (‘Fortuna 2’).

The original deal, which triggered a renewal option after one year due to Lottoland’s strong growth, was titled ‘Fortuna’ and was completed in April 2015, providing Lottoland with a lottery winning risk collateralized reinsurance transaction – the first ILS to be domiciled in Gibraltar.

The new Fortuna 2 transaction, again fully collateralized through Trust Accounts and Letters of Credit, provides more than €100m of annual coverage – including reinstatements – protecting Lottoland against large payouts and giving its players access to the largest lottery jackpots in the world.

Customers at Lottoland can bet on the outcome of the world’s biggest lotteries to win all the same prizes, including the jackpot. There are 29 lotteries available to choose from, including the likes of the EuroMillions, US MegaMillions, US PowerBall, Spain’s El Gordo, and a host of others from across Australia and Europe.

Lottoland’s ILS has already proven its reliability, covering two major winnings. All investors showed their confidence in Lottoland by participating in the new transaction, while some have even increased their investment. This applies also to the Lloyd’s of London cover where several syndicates have also increased their commitment to Lottoland on the strength of the jackpot insurance.

Other operators can also benefit from Lottoland’s proven lottery insurance solution thanks to Lottoland’s B2B arm Lottoland Solutions. Lottoland Solutions guarantees all winning payouts with their fully collateralized jackpot insurance and offers a lottery-betting interface that is easy to integrate into existing websites.

Lottoland CEO, Nigel Birrell, said:

“Securing the ILS for another two years shows the benefit for both parties. Our progressive approach to financial services is really paying off.

“The ILS provides a fully reliable and cost-effective way to reinsure against big wins and we’re delighted to have this agreement in place – the only solution in the industry which has proven fast and reliable pay-out of winnings. It also provides us with the freedom to grow our exciting and innovative product offering – something that can now also be extended to other operators thanks to our B2B business Lottoland Solutions.”

Gibraltar’s Minster for Finance and Gaming, Albert Isola MP, also congratulated Lottoland on the deal, saying:

“The success of this innovative ILS structure in the Gaming community is confirmed by its renewal for a further 2 year period with the same investors supporting the vehicle once again.

“Lottoland and its investors deserve our congratulations for leading the way in their launch of this second ILS which we welcome.”

• Friday’s 2016 record American lottery MegaMillions was won by a single ticket after the draw rolled over 34 times.
• Online lottery betting leader Lottoland is offering UK residents an exclusive second chance to win a giant US MegaMillions jackpot worth £434 million.
• UK players bet on the outcome of the world’s biggest lotteries at Lottoland.
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Friday’s 2016 record MegaMillions lottery draw finally yielded a winner as the holder of one lucky winning ticket walked away with $540m (£416m).

The jackpot, which was the also the third biggest MegaMillions jackpot ever, was also available to UK players thanks to Lottoland.co.uk.

At Lottoland.co.uk customers bet on the outcome of the world’s biggest lotteries in order to win the same prizes, including the jackpot.

However, Lottoland is giving its players an exclusive second chance to win a giant MegaMillions prize after boosting its jackpot to £434m.

This jackpot prize is 100% exclusive to Lottoland players and is available for the next MegaMillions draw which takes place at 4am GMT on Wednesday.

The US MegaMillions Exclusive Special Jackpot is not the only big prize up for grabs at Lottoland with the US PowerBall jackpot currently standing at £241m.

For more information on Lottoland, visit www.lottoland.co.uk and bet on Mega Millions for this Wednesday’s draw at www.lottoland.co.uk/megamillions.

Have your say on social media as well as staying up to date on upcoming jackpots by following @LottolandUK on Twitter and on Facebook

• Jackpot currently six times bigger than highest recorded UK Lotto jackpot (£66.1 million) and over twice as big as the record Euromillions (£161.7 million) jackpot
• Third-highest jackpot in Mega Millions history up for grabs to UK residents through online lottery betting leader, Lottoland

 

Mega Millions, one of America’s largest lotteries, rolled over last night to record the third-highest jackpot in its history with a total prize value of £391 million ($508 million USD).

The jackpot has rolled over 34 times since March 11^th 2016 to become the 7^th highest in US history and online lottery betting leader, Lottoland, is the only place in the UK where you can stand a chance of winning a life-changing jackpot of the same value.

With previous Mega Millions jackpots rising to $648 and $656 million as well as the Powerball jackpot, America’s other largest lottery, reaching a monstrous $1.6 billion back in January, there is still room for the jackpot to swell even more should it continue to rollover.

Lottoland allows UK residents to bet on the outcome of the world’s biggest and best lotteries – with the chance to win jackpots of the same value. As well as Mega Millions, there are a further 28 lotteries available to choose from, including the likes of EuroMillions, US PowerBall, Spain’s El Gordo and a host of others from across Australia and Europe.

Lottoland CEO, Nigel Birrell, commented on the rising Mega Millions jackpot, saying: “The US lotteries are known around the world for offering the largest jackpots for winners – something people in the UK have historically watched unfold with envy.

“But now people from across the UK also stand a chance of winning equally huge jackpots thanks to Lottoland. We allow players to bet on the outcome of the numbers drawn so if yours match up, we’ll pay you the equivalent jackpot value. As the Mega Millions jackpot continues to grow, we continue to offer the same jackpot prizes so people in the UK can finally get involved – and win even bigger jackpots.”

Lottoland has nearly four million customers worldwide with its numbers in the UK growing rapidly as players look to benefit from the large jackpots on offer. With a number of big jackpot wins already recorded across Europe – including $2m USD on the world-record US PowerBall and €4m on Spain’s Christmas El Gordo lottery – expectation of a big UK win is rising.

The Mega Millions draw takes place in Atlanta, Georgia at 11pm on Tuesday and Friday evenings, which equates to approximately 4am on Wednesday and Saturday mornings in the UK.

For more information on Lottoland, visit www.lottoland.co.uk and bet on Mega Millions for this Friday’s draw at www.lottoland.co.uk/megamillions. Have your say on social media as well as staying up to date on upcoming jackpots by following @LottolandUK and on Facebook