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Russian slot machine hackers add new targets, group toldNews Story
Hackers breaking random number generators demonstrates how lottery industry's reliance upon computerized drawings is bad idea An international syndicate of Russian hackers that cashed out millions from slots in U.S. casinos over the years is focusing its efforts on South America and Europe after busts in Missouri and Singapore. The Russian syndicate most recently struck in Peru, a security consultant to slot-makers told a group of U.S. regulators at a Las Vegas conference Thursday at the L
Mar 21, 2017, 8:19 am - Lottery News

Why you might go bankrupt if your next-door neighbor wins the lotteryNews Story
Winning the lottery can be hazardous to your neighbors' financial health. Research released this month by the Federal Reserve Bank of Philadelphia found a significant jump in bankruptcies among households living near someone who won a big lottery jackpot. The economists theorized that people may have seen the good fortune next door and felt pressure to accumulate more assets of their own, especially flashy purchases like cars, that they simply could not afford. Income inequality induces p
Feb 16, 2016, 10:12 am - Lottery News

Man to sue Austrian casino after $57 million jackpot deniedNews Story
A gambler who thought he had won 37 million (US$57 million) on a slot machine has been offered a free meal and 60 (US$93) instead, after casino bosses said the jackpot was due to a software error . Behar Merlaku, 26, played the winning machine at a casino in Bregenz, Austria. Despite only getting four of the slot machine's five required matches, Mr. Merlaku was told he had won the massive jackpot complete with a winning bell and flashing screen. However when he went to claim his prize,
Dec 14, 2011, 9:38 am - Lottery News

Singapore man wrongfully jailed while claiming lottery jackpotNews Story
A Singaporean man who was wrongly detained while collecting a US$1.2 million lottery prize has finally received his winnings after a woman who claimed to be the rightful winner was jailed.A spokesman for the state-linked betting firm Singapore Pools told AFP Tuesday that the 48-year-old winner collected his cheque last week.The Straits Times newspaper reported Tuesday that the man, identified only as Mr. Ho, had been arrested in December while collecting his prize because a woman had informed po
Mar 1, 2005, 1:00 pm - Lottery News

Millions in lottery winnings unclaimed in SingaporeNews Story
Millions of dollars in lottery prizes have gone unclaimed in Singapore by people who struck it rich but did not collect the prizes, it was reported on Thursday.So forgetful or careless are these players that a whopping 23 million Singapore dollars (US$13.3 million) went unclaimed between April and March, according to the daily newspaper Streats.A spokeswoman for Singapore Pools, which runs Toto, 4-D, Big Sweep and Score, said the amount was less than 1 per cent of the total annual price payout
Nov 28, 2003, 6:05 am - Lottery News