St James House said it had agreed to establish a lottery joint venture based in Malta with ZeU Crypto Networks. The company had announced in March that it had agreed terms for the venture with ZeU, which is a subsidiary of Canada's St Georges Eco Mining Corp. The venture would use ZeU's blockchain technology to generate random numbers for the lottery. 'Like many FinTech businesses, we have explored the potential to use blockchain-based systems in our product operations, and this JV is our first step, helping us build our expertise in the area, while leveraging our existing skills in lottery management,' chief executive Graeme Paton said. At 1:49pm: (LON:SJH) share price was +2.5p at 38.5p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.