Tangiamo Expands into Lottery Sector with Advanced Gaming Technology
Tangiamo Touch Technology AB ("Tangiamo" or the "Company") is pleased to announce its strategic expansion into the lottery market. Leveraging its comprehensive suite of gaming technologies, Tangiamo aims to tap into Sweden's 3.5 billion SEK lottery sector and position itself for global opportunities.
Building on its established technological infrastructure, Tangiamo will offer specialized solutions to operate modern and engaging lottery concepts. Its technology stack is uniquely positioned to serve this market, featuring a sophisticated Player Account Management (PAM) system, Remote Gaming Server (RGS), and a streaming platform for dynamic marketing capabilities.
"Our advanced gaming technology aligns perfectly with the evolving needs of the lottery market. We've identified a significant opportunity to provide state-of-the-art lottery platforms that maximize fundraising potential while ensuring engaging player experiences. By utilizing our existing technology infrastructure, we can offer a complete solution that's both cost-effective and powerful," said Tangiamo CEO Chris Steele.
The Company's lottery technology solution will be delivered through a comprehensive service model, combining Tangiamo's robust gaming platforms with managed services. This integrated approach ensures partners receive complete technical support, operational assistance, and marketing capabilities.
Given that the Swedish gaming market is valued at approximately 3.5 billion SEK annually, Tangiamo sees the potential of achieving substantial revenues through its technology licensing and managed services model. The company is moving quickly, with plans to launch its first lottery implementation under Swedish licensing during 2025. Following the Swedish launch, Tangiamo will begin its global expansion in 2026, working alongside strategic partners to bring its innovative lottery technology to international markets.
"Our technology stack is ready for this expansion, providing a complete ecosystem to operate modern, engaging lotteries efficiently," added Steele. "This represents a natural evolution of our technological capabilities and opens up significant new revenue streams for Tangiamo."
This move into the lottery sector marks a significant milestone in Tangiamo's growth strategy, demonstrating the versatility of its gaming technology and its ability to adapt to new market opportunities.
For more information, please contact:
Chris Steele, CEO
Email: chris.steele@tangiamo.com
Tel: +46 70 978 1081
About Tangiamo
Tangiamo Touch Technology AB (publ) is a Swedish company headquartered in Gothenburg and has been listed on the Nasdaq First North Growth Market since 2017. The company is a leader in advanced technology for both land-based and digital gaming, including sensor technology, visual identification, and AI-driven systems for the gaming industry. Following its acquisition of Trustplay, Tangiamo has expanded into the iGaming sector, now offering a comprehensive platform for both land-based casinos and online operators. For more information, visit www.tangiamo.se. The company’s share (TANGI) is traded on the Nasdaq First North Growth Market.
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