Jumbo finds insurer for $1m lottery 14:00, Monday, 13 November 2006
Sydney - Monday - November 13: (RWE Australian Business News) - Jumbo Corp (JUM) lottery division has secured an insurance policy from a major international insurer for a $1 million lottery. The effect of this is that a new game can be released offering a $1 million prize which will be underwritten by the insurer. "Securing an insurance policy is a major step towards elevating our own lottery games to international standards without the risk of paying out $1 million." said Mr Mike Veverka, CEO of Jumbo Corp. "We are now planning to release a new online game with a $1 million first prize marketed to International players."
JUM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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