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Jumbo Interactive Ltd Establishes 50/50 Joint Venture Company With Retail Gaming Solutions

Wednesday, 28 Nov 2012 05:59pm EST 

Jumbo Interactive Ltd announced that it launch of a joint venture with Retail Gaming Solutions (RGS), a New York based company specializing in physical lottery merchandising and affinity programs. The new joint venture company, called "Lotto Points Plus" (LPP), will be equally owned by Jumbo and RGS and is based in New York. LPP will market a lottery retailer solution to existing lottery retailers with the goal of increasing lottery sales. Jumbo has agreed to fund the expansion of LPP with a USD 250,000 loan to the joint venture company. The Company will supply technology including its Internet and mobile lottery software, E-Retailer commission sharing system and Smart Signs interactive sign technology. 

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