Finnish Online Gambling Company Finnplay will provide a platform to online lottery operator TribeLotto allowing them to gain a greater foothold in the social gaming market.
Finnplay has made an agreement with social lottery operator TribeLotto. The Finnish Online Gambling Company will provide a platform for the newly launched TribeLotto. The move will allow Finnplay to put their hand into the social gaming market.
On Monday, Erkki Nikunen, Finnplay’s vice president of sales, called social gaming on of the fastest growing product categories on the online gaming market.
TribeLotto’s director Tomas Tora said that his company had a specific need for a platform provider with a consistent record for multiple installations in various jurisdictions according to EU gambling laws.
New Platform to Offer Players More
TribeLotto already makes it possible for players to pay for one line and play with hundreds of lines. This allows multiple players to come together and compete as a tribe in weekly lottery drawings. Since the platform will use external numbers, the winning numbers will correspond with the ones drawn in the UK National Lottery every Sunday.
Weekly jackpots will start at Euro 3 million for the price of a single Euro 3.50 ticket. Also making EU gambling news, there will be additional prizes including 5 prizes of Euro 60.000 and 2 prizes of Euro 300.000. These prizes will be awarded to groups or tribes and not split among individuals.