Hot off the wire – iLottery

Secure mobile lottery solution to be developed

Diversinet Corp, a provider of secured mobile solutions, and Effective Solution Ltd., a developer of lottery and pari-mutuel software systems providing cash and account betting through both wired and wireless devices, recently announced that they have signed an OEM/VAR license agreement to develop and sell a secure mobile lottery solution known as iLottery.

The iLottery System supports Internet-based wagering, fixed point of sales terminals and mobile selling terminals. The new mobile system will allow users to securely purchase lottery tickets and place bets from their mobile phone.

A July 2002 Datamonitor report estimates that there will be 500 million wireless gamers by 2006, generating US$17.5 billion in wireless gaming revenues. Dr. Lee Keng Ho, Chief Executive Officer, Effective Solution Ltd, explains, “Mobile wagering has the promise of being an enormous channel for gaming operators as it allows them to reach users anytime, anywhere.” He continues, “But in order to capitalize on this opportunity, operators must extend their applications beyond their closed, private networks to public networks and this demands that strong security be in place.”

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