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Idaho Lottery Celebrates 35 Years with Record Dividend to People of Idaho
During a community celebration at The Village in Meridian, the Idaho Lottery commemorated their record-breaking 35th Anniversary by returning the single largest dividend in their history to the people of Idaho. The Idaho Lottery Commission presented Governor Brad Little with an $84,000,000 dividend check, a 2.4% increase over last year’s dividend.
“In 1988, Idahoans voted at the ballot box and approved establishing a state lottery to benefit public education. The Lottery has been a success for players, and it has created economic opportunity for Idaho businesses. Most importantly, the Lottery team has contributed nearly $1.3 billion for the benefit of Idaho public schools and buildings,” Governor Brad Little said.
Historically, Idaho Lottery dividends have been used by school districts for building maintenance, repairs, and operational projects. A change in statute during the 2024 Legislative session changes how Lottery dividends are utilized by the State’s school districts.
“Idahoans who play the fun and entertaining games from the Idaho Lottery help build communities in Idaho. Today we are in the West Ada School District where last year’s dividends are being used by local builders and tradesmen to repair roofs, replace HVAC systems, and make school facilities more accessible. Today’s Idaho Lottery dividends will benefit future public school district facilities and provide property tax relief by paying down voter-approved bonds and levies,” said Jeff Anderson, Idaho Lottery Director.
Governor Little and Idaho Lottery Commission Chairman, Craig Corbett, awarded the largest single check ever from the Idaho Lottery to support public education in the Gem State. On behalf of Idaho Superintendent of Public Instruction, Debbie Critchfield, the Department of Education’s Chief Financial Officer, Gideon Tolman, accepted a check for $52,500,000.
“The 35th anniversary of the Idaho Lottery is the perfect time to celebrate all the good it has done for Idaho’s public schools. For years, the lottery has helped support K-12 education and once again, on behalf of Idaho schools, I want to thank Idahoans for these additional resources that will continue to benefit public school operations in our state,” said Superintendent of Public Instruction, Debbie Critchfield.
Dale Reynolds, Chairman of the Permanent Building Fund Advisory Council, accepted a check for $31,500,000 on behalf of the State’s Permanent Building Fund. Permanent Building Fund dollars support maintenance and capital projects for State-owned facilities and Idaho’s public college and university buildings.
“Over the past 35 years, the Lottery has proven its resourcefulness and partnership by contributing well over half-a-billion dollars for Idaho’s state-owned facilities. Lottery revenue each year enables us to preserve our historical facilities, provide safe work environments for the Gem State’s employees, and improve the quality of Idaho’s collegiate campuses,” said Reynolds.
This year’s dividend comes after Idaho Lottery sales exceeded the $400 million threshold for the second consecutive year.
“This is all made possible with funds from the Idaho Lottery, not tax dollars,” added Anderson.
In addition to the dividend record, the Idaho Lottery also awarded a record amount to their network of over 1200 brick and mortar retail locations who earned $24.7 million in commissions.
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Stable Capital launch a financial advice service specifically tailored to the racing community
Falling into cash flow problems can feel like it came out of nowhere but this is rarely the case. Spotting trends in cash flow from previous years can help identify the high and low periods.
Stable Capital helps trainers identify these lows and provide short/medium term funding that can be accessed quickly to iron out the lows and keep business running smoothly.
Every stable is different so packages are built based on the needs of the client. Crucially, interest is only paid for time period the funds are borrowed and there are no additional fees.
Having a line of credit running alongside any business also helps speedy access to allow for essential purchases like new equipment or facilities, which often are best done at a time of slow cash flow. For example, a jumps trainer in, say, August may not be reeling in the training fees at that time but needs to upgrade facilities in the yard during this slower period.
Stable Capital, the brainchild of Ben Newton & Philip Jackson who are both long-term owners and, therefore, fully understand the mental and financial pressure of running what is, in essence, an entirely results focused business.
Racing Consultant, Harry Dunlop explains the concept: “Even the biggest optimist can see that UK horseracing is not in good health. We are open to all of the industry in treacherous times for a sport that needs support and advice…right now. I have had been through exactly this issue and so we are here for anybody in the industry that needs some short-term help.”
Philip adds: “Seasonal businesses like training need to be handled completely differently from a normal cashflow management scheme. Stable Capital are, essentially, racing fans who understand the industry. We have been open for business for about a year now and initially we kept the business under wraps but demand is now at such a point that we need to let racing industry folk know that we are here. We 100% in the mindful business and first & foremost racing fans…this is a tough industry and we are a lot more than a band aid when cash flow becomes an issue.”
The post Stable Capital launch a financial advice service specifically tailored to the racing community appeared first on European Gaming Industry News.
Slotegrator, a gambling solutions provider and game aggregator, has released new downloadable material about the key components of a successful online casino platform. The guide includes practical checklists to help beginners set up platforms from scratch and experts enhance their projects.
In the iGaming industry, a project’s long-term success depends on the power and versatility of its platform. But that platform can’t be based on any old software; just like how you can’t have a car without four wheels and an engine, there are vital components to an online casino platform.
So what are they?
Let’s start with first impressions. The frontend is the “face” of a platform. Almost 75% of players judge a gambling website based on its appearance, and 88% of users won’t return after a negative experience.
Key frontend elements include:
- Branding (visitors should understand the idea from the first glance)
- Navigation (everything should be simple and easy to find)
- Transparency (players must have easy access to relevant information)
- Localization (adoption of language, currency and cultural norms).
If the frontend is the face, the backend is the brain. It should contain all the tools for successful online casino management. A quality backend should give the operator total, real-time monitoring and control over every aspect of a business — payment processing, regulatory compliance, game statistics, player data, retention strategies, analytics, compliance, player support, and everything else.
New operators often find themselves trying to choose whether to build such a platform in-house or to outsource the job. Slotegrator’s report carefully weighs the pros and cons of each option and reaches a clear conclusion: in-house development might save a little money in the short term, but it’ll cost much more in the long run.
“We created this guide to help operators to understand what truly belongs in a successful iGaming platform. An engaging frontend and a powerful backend are essential tools for attracting and retaining players. The guide is a valuable resource for evaluating a platform’s strengths and weaknesses and building a clear promotion strategy”, says Svetlana Kirichenko, Head of Marketing at Slotegrator.
Slotegrator’s guide also includes several key checklists:
- Essential frontend functions
- Key backend features
- Necessary modules for platform architecture (featuring a real example of Slotegrator’s turnkey online casino platform.
Download the guide via the link.
ABOUT THE COMPANY
Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.
The post The anatomy of a high-performing iGaming platform: a guide from Slotegrator appeared first on European Gaming Industry News.
In a memorandum issued on July 7, PAGCOR directed all licensees, suppliers, system administrators, and gaming venue operators to take down gambling ad materials, including those displayed on trains, buses, jeepneys, and taxis.
The agency emphasized that only institutional or responsible gaming campaigns—subject to PAGCOR’s approval—will be permitted moving forward.
“We have given all our licensees and stakeholders until August 15 to completely remove all gambling-related ads,” said PAGCOR Chairman and CEO Alejandro H. Tengco.
“Prior to that, stakeholders must also submit an inventory of their existing billboard and wallscape advertisements by July 16.”
The inventory, according to Mr. Tengco, must include the size, material, location, rental contract expiration, and the corresponding permit number from the Ad Standards Council (ASC).
The PAGCOR chief said the move is part of the state gaming agency’s commitment to promote a safer and more responsible gaming environment in the country.
“While PAGCOR is mandated to regulate the gaming industry and generate revenues for nation-building, we do not want to encourage a culture of gambling addiction,” he said.
“Regulating excessive and pervasive gambling advertisements is a critical step in protecting vulnerable sectors of society, especially the youth.”
The agency also warned against replacing the dismantled advertisements with new gambling promotions, stressing that non-compliance will be dealt with accordingly.
The post PAGCOR ORDERS TAKEDOWN OF GAMBLING BILLBOARDS appeared first on European Gaming Industry News.
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