Stoloto is a member of two of the most reputable international professional unions: the World Lottery Association and The European Lotteries. To participate in these Associations, the Trading House must meet the high standards of the lottery business:
- to guarantee the integrity and security of drawings;
- to meet all the obligations to the participants of the lottery;
- to dedicate part of the income to charitable causes;
- to follow the recommendations of FATF (Financial Action Task Force) that counteracts money laundering, financing of terrorism, etc.).
Membership in the lottery associations means guaranteeing the rights of the participants, the randomness of winner selection, the timely payment of winnings, and the confidentiality of personal data.
World Lottery Association
The World Lottery Association (WLA) is an international professional union of companies, operators of state lotteries, sports picks and suppliers of special equipment that brings together participants from 75 countries of the world. The main tasks of the WLA are:
- to set international standards of business (corporate management, security, social responsibility) and oversee their compliance;
- to hold educational events for professionals of the lottery market;
- to represent the interests of their participants in leading sports federations of the world and other international organizations.
The Association was founded in 1999. Currently, the Association includes more than 140 lottery companies that organize state lotteries. More than 60 suppliers of equipment are also associated members of the Association. The total sales volume of the WLA participating companies exceeds USD120 billion.
The European Lotteries
The European Lotteries (EL) association brings together lottery industry participants from states across Europe and several other countries. The main mission of the Association is to provide for effective interaction between the market participants, state institutions and governments of European countries. It includes lottery companies from 45 countries, including all 28 members of the European Union. The Association was founded in 1983. Annually, EU-based companies alone donate more than EUR20 billion to various charitable causes.
Participation in professional international organizations not only requires correspondence to high international standards of the lottery industry, but also allows exchange of experience and knowledge, technologies and solutions accumulated in other countries.