Games,
Inc. to Launch Lottery Corporation Spin-Off
Games Inc. The Board of Directors
of Games, Inc. voted Tuesday to spin off the
shares of Lottery Corporation to its shareholders,
both to better recognize the value inherent
in those shares and to unlock shareholder value.
The Lottery Corporation
shares will be distributed as a stock dividend,
with each Games Inc. shareholder receiving 1
share of Lottery for each 4 shares of Games
Inc. held on the Record Date, rounded up to
the nearest whole share. The Company will be
setting the Record Date shortly and will communicate
the date to all shareholders.
"With
states now recognizing that they can generate
an estimated 10% to 15% increase in total lottery
revenues, providing badly needed funds for education,
Lottery Online has become an active topic in
most U.S. and Canadian lottery jurisdictions.
We felt it was timely to allow current and future
shareholders a way to invest directly in the
expected future growth in this market,"
said Roger Ach, CEO of Games, Inc. and Chairman
of Lottery Corporation.
Lottery
Corporation has developed a secure and extensive
software application to allow consumers access
to their own state lotteries. This Lottery Online
market is the most rapidly growing segment of
the Camelot National Lottery of the United Kingdom,
www.national-lottery.co.uk ; and has recently
been successfully introduced in the Atlantic
Provinces of Canada at www.playsphere.ca.
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