Exclusive: New Lottery Platform Emerges from Merger of Kootac with Lottonetix

With the ongoing emergence and growth in the lottery messenger technology space, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates' reporters learned today that there is a new tech provider coming to the market. Lottery platform technology company, Kootac, has teamed up with Lottonetix, announcing a joint venture aimed at entering the lucrative online lottery market.

Kootac has already been active in the online lottery business for a couple of years, handling lottery entries though its own platform. The firm will continue developing its software, whilst Lottonetix focuses its effort on onboarding new White Labels White Labels White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buye White Labeling or white labels are an extremely common practice in the forex market, which implies one buying another firm’s product and then marketing it as its own. This is routinely done in the retail space, as white labeling is helpful in utilizing trading software, platforms, and other additional services that brokerages may offer.What Are the Benefits of White Labels?White labeling is very popular in the forex market given the benefits it bestows to all parties. This includes both the buye Read this Term and marketing the product.

Lottonetix is a company specializing in lottery syndicates, where a group of individuals can pool their resources to play combinations of numbers together as a group. Consequently, any winnings would then be shared between all active members of the syndicate depending on the share each individual has.

The company is aiming to be able to deliver its white label lottery platform solution to the market in a very short span of time - white labels should be able to launch their offerings 10 days after closing a deal with Kootac and Lottonetix.

Kootac’s Managing Director, Marek Mahal commented, “We’ve built a strong reputation with over 300k customers served over the last 10 years and with our online platform already in its forth year and third release, the joint venture with Lottonetix will push the cutting edge technology further into new markets.”

As previously reported by Forex Magnates, lottery messenger platforms have recently gained traction with a couple of white label providers having already established a foothold and taken steps to expand into the market.

Last summer, one of the first white label platform providers in the lottery messenger industry, LottoYard, purchased LotteryMaster.com for an undisclosed sum, acquiring know-how and a vast list of clients which the company has been collecting since 2010.

Last month, a new player announced its entrance into the market with Lottotech, raising $6 million and launching its online lottery messenger platform at the Berlin EiG gaming expo.

Reports from the industry outline that the online lottery sector has continued to gain traction in recent months, as sales were reported to have reached all-time highs since the beginning of the year.