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Lottery Operator Investment Opportunity in Vilnius, Lithuania

Operator of a digital lottery platform from Lithuania is looking for an investor.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 110 thousand
Run Rate Sales USD 2 million
EBITDA Margin 22 %
Industries Lottery Operators
Locations  Vilnius
Local Time 10:03 AM Europe / Vilnius
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.8 million for 50.0% stake (Native Currency: EUR 1,690,000)
Reason: We require funds to set up an IT infrastructure for international use, advertising, and full company... View More
Includes physical assets worth USD 380 thousand
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Business Overview

- We are a company that has designed and operates a paperless digital lottery platform.

- We currently have IT software rights that are only for Lithuanian use.

- Currently we are developing platform for international use.

- Had launched the Lithuanian version of our platform but have rolled back as we plan to relaunch a platform that is multi-lingual and capable of transacting in multiple currencies.

- Currently, our platform is under reconstruction and will relaunch in 6 countries within this year.

- On registration, each player will have a 'players account' which they shall 'top-up' with the amount they wish to spend on lottery tickets.

- Minimum ticket price of EUR 2 implies they must have at least EUR 2 in 'players account' at all times to purchase a single ticket.

- Our platform also gives an opportunity for players to win jackpots in every lottery draw.

- Current sales figures are for 3,000 Lithuanian players who signed up on our platform.

- Our lottery is completely digital, we do not have paper tickets and our lottery services can be accessed via a desktop, tablet, or any Android/iOS-enabled mobile device.

Products & Services Overview

International, fully mobile online lottery with a constant win in each draw.

Assets Overview

Mobile application for Android and iOS, website and domain, source code for our platform created for the Lithuanian market.

Facilities Overview

Rented office space of 170 sq. m in Vilnius at a rent of EUR 1,200 per month.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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