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LUK Leucadia National Corp.

23.47
0.00 (0.00%)
03 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Leucadia National Corp. NYSE:LUK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.47 0 01:00:00

New Vietnamese Government Lottery Is Successfully Launched Using Pacific Lottery Corporation's Next Generation On-Line Lottery T

02/10/2008 7:30am

Marketwired Canada


Pacific Lottery Corporation (TSX VENTURE:LUK) (the "Corporation") is pleased to
announce the successful commercial launch in Vietnam of a new Government owned
and operated lottery program exclusively using the Corporation's next generation
on-line lottery technology. Today's launch activities included the sale of
several newly designed on-line lottery games in association with marketing
programs including nationally televised TV commercials. Lottery sale
transactions occurred flawlessly throughout the newly installed State authorised
retailer network using the Corporation's proprietary National On-line Lottery
Central System ("the Lottery System") incorporating innovative PLC Gold lottery
terminals ("the Terminals"), central system software and game technology. This
launch establishes the only government sanctioned on-line lottery retailer
network in Vietnam. In this initial phase, this new on-line lottery retail
network is being used by two hundred (200) State authorised lottery retailers.
This announcement is in furtherance of the Corporation's previously announced
exclusive ten (10) year on-line lottery technology supply and services contract.


As part of this new lottery program, several exciting on-line lottery games have
been introduced including, for the first time ever, an on-line version of
Vietnam's traditional and popular 5 digit daily lotto game. As well, the new
lottery program is offering an exciting specially customised daily lotto game,
the Thanh Thai 4. These customised lottery games are being offered to the local
Vietnamese population in conjunction with other global industry standard daily
Lotto and bi-weekly Lotto 6/36 games. The Corporation is gratified by the
Government of Vietnam's confidence in its technology as demonstrated by the
Government's exclusive support of these newly customised on-line games that
includes various betting options, which mirror for the first time in Vietnam,
long played, well known and deeply ingrained traditional pre-printed and manual
Lotto activities. All these new exciting gaming formats were designed by the
Corporation in close partnership with Vietnamese Lottery officials specifically
for use in the Vietnamese market and are expected to be widely accepted by
lottery players in Vietnam.


Vietnam is a country with a population approaching 90 million people and a total
potential lottery and sports betting market that some industry estimates have
suggested could grow to at least $ 4.5 billion US annually.


The Corporation will continue expanding this newly established on-line lottery
retailer network, operating Vietnam's only authorised on-line lottery program,
on the pre-agreed and mutually established schedule until such time that market
saturation has been attained.


In other developments, the Corporation is pleased to announce the recent launch
of a new more informative and interactive corporate website available at
www.pacificlottery.ca.


Finally, the Corporation cordially invites conference participants at the
upcoming 2008 World Lottery Association Convention and Trade show in Greece to
visit us at booth # 13 to learn more about Pacific Lottery Corporation's next
generation on-line lottery technology and comprehensive lottery services.


About Pacific Lottery Corporation:

Pacific Lottery Corporation is engaged in the provision of comprehensive
computerized on-line lottery technology and related professional services for
delivery to a growing audience of international customers. Today, the
Corporation exclusively leads the technical support activities for the only
authorised on-line lottery program in Vietnam.


SEC 12g exemption 82-4832

This release contains forward-looking statements within the meaning of the
Private Securities Litigation Act of 1995. Investors are cautioned that such
forward-looking statements involve risk and uncertainties, which could cause
actual results, performance or achievements of the Company, or industry results
to differ materially from those reflected in the forward-looking statements.
Forward-looking statements are based on the current expectations, projections
and opinions of the Company's management, and the Company undertakes no
obligation to publicly release the results of any revisions to such
forward-looking statements which may be made, for example to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.


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