Online charity lottery operator’s share price drops

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 2 June 2006 | News The company launched on the Alternative Investment Market in February 2006 with shares at 115p. Yesterday its shares closed down 14p at 8p, a drop of 65%.The company is working to reduce costs and seek further investment. Shares in Chariot (UK), the operator of the new online lottery playmonday.com, dropped by 65% yesterday, according to The Guardian, following disappointing ticket sales.Although the lottery has raised £520,000 for 20 charities in its first four draws, only 1.68 million tickets have been sold to just over 200,000 players in that period.Chariot admitted that income from ticket sales had been “significantly less than projected and cannot sustain the company’s original business plan”. Advertisement Online charity lottery operator’s share price dropscenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  29 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Gaming Research / statisticslast_img read more