According to the information appearing on last Sunday’s Telegraph daily in the UK online casinos, a greater part of the major investors in Britain’s National Lottery organizer Camelot, are seriously considering disposing of their ventures in the business, which has run the sweepstake since 1984, with authorization from the British Government. In 2007, Camelot extended its consent for ten more years.

The newspaper cited the company’s representatives, reporting that the investors were interested in customers with a probable overseas or confidential classified acquisition of Camelot.

The account, as chronicled in Yahoo! indicated that currency printer De La Rue and Fujitsu, The Japanese IT giant, were both contemplating shedding 20 percent of their shares, projected at reaching up to GBP 80 million.

According to the Telegraph, the other companies shedding off their 20 percent shareholding are Cadbury, the British confectioner and Thales, the French aerospace company. Britain’s Royal Mail is reported to be planning to hold on to its 20 percent share.

Refusing to divulge more information, a Camelot representative stated that the matter was the province of the investors.

Validating the information that the Royal Mail was not party to the sale program, a spokeswoman for Thales affirmed, that 80 percent of Camelot was being disposed of. She further intimated: “Camelot’s board has received a go ahead from the four investors on condition that they pull off a fair deal for their investment.”

Camelot’s supervisory body, the National Lottery Commission, reserves the right to make a decision regarding any potential investor. Camelot has so far disbursed approximately GBP 22 billion for charitable causes.

In a recent article here at OCS, we brought light to the fact that after several top-shelf online casino software developers closed their doors to the U.S. market; i.e., Cryptologic, Playtech and the more recent closing of Microgaming, all of the U.S. traffic has begun to funnel to the only other reputable, offshore regulated software suppliers who are permitting their online casino licensees to continue taking bets from U.S. citizens.

In our last article, we discussed the ever-expanding family of Real Time Gaming powered online casinos. The other software developer taking in the lion’s share of U.S. traffic and steadily building up a prodigious progressive jackpot network is the popular Vegas Technology software platform (formerly known as Odds On back in the early days of online gambling).

Most recently, Vegas Technology was responsible for divvying out one of the larger jackpot wins to a single player. Worth over $225,000, this particular jackpot was hit at a very auspicious time - none other than Easter Sunday. There will certainly be some people who question the act of gambling on Easter Sunday, but for the lucky U.S. player who nabbed the jackpot, spinning the reels on Easter was the best decision they could have made.

It was Vegas Technology’s Mega Money Mine online slot that broke this weekend. The ever-so-fortunate player, Jackie, who goes by the screen name of DallasWorks, said she is still amazed, especially considering the size of her winnings. It’s more common to see $50,000 or $75,000 jackpots being won. A $225,000 jackpot is much less frequent - and to be on the receiving end makes it even more hard-to-believe.

Since the jackpot was hit on Vegas Technology’s wide area progressive jackpot network - meaning that several online casino contribute to the same jackpot - it isn’t known which licensee was home to the jackpot. But that will be sorted out soon enough. Most likely, it’s one of Vegas Technology’s more popular and established properties, which can be read about on our Vegas Technology Casinos page.

The long-running legal argument among the Ottawa online gambling software company Rival Gaming, associated company 6300511 Canada Inc, Montreal’s T.2 Marketing and other four individual Canadian citizens is still in progress. No settlement has been agreed up to present, according to T.2’s legal representative, Gordon Levine of Kugler-Kandestin LLP. This case has been listed under case number 500-17-046150-085 by Quebec Superior Court. A concerns claim for professional services is demanded by T.2 Marketing to the software company.