New Complaints from Within the Veltyco Network
Since our initial reports on projects affiliated with the Veltyco Group, we have received a steady stream of whistleblower tips. Most recently, a message arrived regarding LottoPalace.com, a German-facing online lottery operator that is part of the broader Veltyco ecosystem (news link). The platform operates under the eGaming license of Altair Entertainment N.V., a company tightly linked to Uwe LENHOFF, Veltyco’s former business development chief.
Altair serves as the official license provider for various Veltyco-related entities, yet offers little transparency to the public. It operates in the background—effectively a stealth company—despite its pivotal role.
Altair’s Troubled Regulatory History
In recent months, Altair’s name has become associated with several regulatory warnings across different jurisdictions, especially in relation to its operation of the Option888 binary options platform.
Regulatory Warning Snapshot
|
Issuing Authority |
Company Mentioned |
Key Point |
|
CONSOB (Italy) |
Altair Entertainment N.V., Payific Ltd, Capital Force Ltd |
Entities not authorized to offer investment services in Italy; linked to Option888 |
Both Option888 and LottoPalace fall under the Veltyco Group. In light of these warnings, users should exercise caution when engaging with platforms linked to Altair Entertainment, as these offerings may not meet regulatory compliance standards in many regions.
User Feedback Paints a Troubling Picture
Beyond the regulatory red flags tied to Altair, we performed a basic investigation into LottoPalace itself. What we found was concerning.
On LottoPalace’s official Facebook page, the platform holds an overall rating of just 1.2 out of 5 stars. Except for a single 5-star review, all other ratings are 1-star, indicating serious and widespread customer dissatisfaction.
User reviews consistently point to issues such as:
-
Cold-call marketing strategies through boiler rooms
-
Difficulties withdrawing winnings
-
Aggressive or unclear customer support interactions
These complaints suggest potential misconduct and unethical business practices.
Your Input Matters
We aim to provide transparent and factual reporting. If you’ve had personal experience with LottoPalace, positive or negative, we encourage you to share your insights. Whistleblower messages and verifiable reports are always welcome as we continue our investigation.