Gaming / Gambling Business

1. Mauritius: Lottotech’s success and shares made available to all stakeholders! In view of its listing on Sto
Monday, 28 April 2014 21:45
Lottotech’s success and shares made available to all stakeholders!
In view of its listing on Stock Exchange of Mauritius Lottotech Ltd offers for Sale of up to
85,000,000 ordinary shares at Rs.10 as of May 5th 2014
April 22, 2014: Lottotech, the operator of the Mauritius National Lottery, announced today that
it was offering up to 25% of ordinary shares to individual and institutional private investors. As of
May 5 th 2014, up to 85 000 000 ordinary shares will be offered for
sale to the public. In view of this major step towards democratisation and shared ownership, the
trading on the official list of the Stock Exchange of Mauritius is scheduled to start on June 11
th
2014.
Addressing a media conference Lottotech’s CEO Michelle Carinci provided details and the
rationale of this major strategic step for the Lottery operator of Mauritius and Rodrigues.
Lottotech currently offers two lottery games namely the weekly Loto game and Quick Win
games (also known as scratch cards). The combined player participation rate for Loto and Qui
ck Win
games is about 75% of the adult population, with an almost equal participation of men and
women (
source: Ipsos Reid, 2013
). Games offered by the Company provide its customers with a unique experience of “
play small, win big
”. Lottotech’s distribution network covers the whole of Mauritius as well as Rodrigues comprising
of 895 retailers as at 31
st
December 2013.
The company benefits from world-class knowhow and expertise through an exclusive
technology partnership with GTECH, a leading lottery operator and provider of technology
solutions to regulated gaming markets worldwide.
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2. Mauritius: Lottotech’s success and shares made available to all stakeholders! In view of its listing on Stoc
Monday, 28 April 2014 21:45
A seasoned world-class lottery professional having served over 3 decades in the Lottery
Industry, named to its Hall of Fame in 2006 Michelle Carinci joined Lottotech as CEO in 2012
states “The outlook for growth in Mauritius is very positive as Mauritius is a vibrant gaming
market, Mauritians like to play . The success of Lottotech in four short years combined
with its strong brand, high participation rate and experienced management team is a solid
foundation in which to build its future growth strategy. ”
Moreover Carinci added that a listing of Lottotech will enhance the status of the Company and
provide greater flexibility for the planning and financing of the future growth of the Company.
In a way, Lottotech has become part of the culture and a caring and respected national
institution. Lottotech contributes significantly to the Consolidated Fund of the Government of
Mauritius. As per the GRA Act, any money paid into the Government Consolidated Fund is
used to finance the implementation of projects relating to community development, the
promotion of education, health, sports and culture and for reimbursement of public debt of the
Government of Mauritius. “
Since the launch of the Mauritius National Lottery to 31 December 2013, Lottotech has
contributed over MUR2.5bn directly to the Consolidated Fund. Lottotech also contributes to the
National Solidarity Fund from the unclaimed prizes. Over the same period, the Company has
contributed over MUR175m to this fund, which is used to improve the lives of the most
vulnerable Mauritian citizens and we are very proud of this as a company
,” Carinci said before detailing the schedule leading to the listing as follows:
Opening of Offer for Sale
5 May 2014
Closing of Offer for Sale
16 May 2014
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3. Mauritius: Lottotech’s success and shares made available to all stakeholders! In view of its listing on Stoc
Monday, 28 April 2014 21:45
Allotment of fully-paid ordinary shares to shareholders
9 June 2014
Commencement of trading of ordinary shares on the Official List of the Stock Exchange of Mauritius Ltd
11 June 2014
Introducing the media briefing Carl Ah Teck, Chairman of the Board of Lottotech, said “It has
always been our vision, that the people of Mauritius and Rodrigues should become
shareholders in Lottotech and participate in the success and profits of the company going
forward. Lottotech is an exciting journey that started four years ago, and, we are all proud to be
part of it. Today, we are here to announce yet another major milestone in the life of Lottotech.
Over a period of four years, Lottotech has become a caring and responsible, National Institution
which can be trusted, and its brand “la Loterie Nationale” is fun and entertaining. Over the last
four years Lottotech has demonstrated that it is credible, transparent and trustworthy company
.”
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