LottoGopher to Acquire SMS-Based Gaming Software to Extend into a Text Message Platform for Lottery, Sports Betting and Sweepstakes

ID: 1536261
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(businesspress24) - LottoGopher to Acquire SMS-Based Gaming Software to Extend into a Text Message Platform for Lottery, Sports Betting and Sweepstakes

VANCOUVER - May 22, 2018- LottoGopher Holdings Inc. ("LottoGopher" or the "Company") (CSE: LOTO) (OTCQB: LTTGF) (Frankfurt: 2LG) a lottery messenger service that allows users to easily order and manage their state lottery tickets online, today announced its execution of a definitive agreement to acquire SMS-ENGINE, a text-based gaming engine for use in lottery, sports betting and sweepstakes.

LottoGopher Chief Executive Officer, James Morel, commented, We are really excited about this opportunity which will allow people to participate in lottery, sports betting and sweepstakes via text messaging. We expect to be able to deploy this internationally and utilize our GopherChain blockchain application to track transactions. We anticipate closing this transaction over the next 10 days and moving quickly to integrate its technology to expand our offerings.

The Supreme Court of the United States recent decision to allow states to legalize sports betting could be beneficial for the mobile SMS-based sports betting application.

SMS-ENGINE is a proprietary platform which allows a user to play the lottery via text message, and can be configured for sports betting, sweepstakes and other games. SMS provides the simplest form of two-way communication and allows for push-based reminders and winning announcements, which is designed to increase customer traction. SMS-ENGINE integrates with existing network providers via Short Message Peer-to-Peer (SMPP) protocol.

In a 6-3 decision, the Supreme Court struck down the Professional and Amateur Sports Protection Act, which prevented the legalization of sports betting in states that had not previously allowed such activities. Nevada was the only state with legalized full-scale sports gambling before Monday. Now, each state will be free to legalize and enforce sports betting as it sees fit.



The American Gambling Association estimates there is a $150 billion illegal sports betting market in the U.S. At least 12 states have active sports betting-related legislation, with more expected to introduce bills throughout 2018, especially in light of Mondays ruling.

According to research by Oxford Economics, legalizing sports betting in the U.S. would curb the illegal market while supporting up to 152,000 jobs, creating an estimated $26 billion in economic output and generating up to $5.3 billion in tax revenue.

About LottoGopher
LottoGopher is a lottery messenger service that allows users to easily order and manage their state lottery tickets online using a debit or credit card. By allowing individuals to choose their numbers and safely order tickets for the official lottery drawings in California, LottoGopher makes it simple for users to keep track of their tickets and winnings. With LottoGopher, individuals can either play alone with a single ticket or create and join online public and private groups to pool winnings from California lotteries, including Mega Millions, Powerball and SuperLotto Plus. LottoGopher offers memberships that allow California residents to order multiple tickets from various lotteries. LottoGopher also enables users to stay up to date on the latest drawings, track their tickets and collect winnings. Members have exclusive access to expert player strategies, jackpot alerts, lottery news, lucky number pickers and winners financial resources.

On behalf of the Board of LottoGopher Holdings Inc.

"James Morel"
President, CEO & Director

For more information, visit LottoGopher.com, like LottoGopher on Facebook and follow on Instagram, Twitter and LinkedIn. For Investor Information, please visit LottoGopher.com/investor

Contact Us
Investor Inquiries
Stephen Hart
Investor Relations
ir(at)lottogopher.com
917-658-7878

Media Inquires
Jane Tattersall
LottoGopher
jane(at)lottogopher.com
866-LOTTO-GO

Corporate Office
3807 Wilshire Blvd. Suite 705
Los Angeles CA, USA
90010

Forward-Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation, including statements in respect of any private placement. Forward-looking information may include financial and other projections, statements regarding expansion plans, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. In respect of the Companys plans to pursue a change of business, risks would include the ability of the Company to obtain additional financing on acceptable terms and to identify and negotiate investment opportunities in cryptocurrency, blockchain technology, and the cannabis sectors. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company''s management to predict all of such factors and to assess in advance the impact of each such factor on the Company''s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

The CSE has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.





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Date: 05/22/2018 - 08:40
Language: English
News-ID 1536261
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