Shareholder Update, page-51

Good question. Keen to see how it unfolds over time. Strategic play in my view. Best to get in early and blow everyone away with their world class patented technology. With the technology proven and matured, should be an easy sell. With majority of the population unbanked and now moving to digital banks. FinTech companies there will need expertise to help them scale and avoid problems with regulations.

Happy that Berkshire Hathaway sees opportunities in Brazil with their investment last year.

Warren Buffett’s Berkshire Hathaway Invests $500 Million In Brazilian Challenger Nubank:
https://www.forbes.com/sites/angelicamarideoliveira/2021/06/08/warren-buffetts-berkshire-hathway-invests-500-million-in-brazilian-challenger-nubank/

This article below might explain why ISX wants to position themselves Latin America. Easy money to be made in an emerging market where majority of the population are opening up a bank account for the first time.

Regtech is Ready for a Breakthrough in Latin America:
https://www.nasdaq.com/articles/regtech-is-ready-for-a-breakthrough-in-latin-america-2020-01-14

“The demand for regtech is on the rise worldwide. In 2017, global spending on regtech reached $10.7 billion, and that number is predicted to increase to $76 billion by 2022. Europe produced the highest volume of new regulations in the last five years, and as a result, became the leading regtech region. However, it’s worth noting regtech’s rise in other regions around the world, specifically in Latin America, where fintech activity is growing expeditiously.”


Side note: In regards to LottoLand, it’s best to be aware that there are dozens of these companies operating in Malta and most don’t have the capability to build their own in house KYC AML tech. Easier to pay for someone’s else’s proven tech and focus on making games, maintain player retention and generate massive revenue.