StockMarketWire.com - 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
Story provided by StockMarketWire.com
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