Tag Archives: Geosweep

ALC writes down venture investment in Geonomics UK

SBC News ALC writes down venture investment in Geonomics UK

The Atlantic Lottery Corporation (ALC) has announced that it will write down its $8.7 million capital investment in UK lottery games operator Geonomics. ALC confirmed that following a review of its investment in Geonomics, the operating firm of UK based location lottery game GeoLotto, the company had clearly failed to deliver on its projected growth. ALC governance had determined that …

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