Home / Crime and Justice / Aussie Billionaire's Company Found Guilty of Illegal Lotteries
Aussie Billionaire's Company Found Guilty of Illegal Lotteries
27 Mar
Summary
- Xclusive Tech Pty Ltd found guilty of 10 counts of illegal lotteries.
- Company operated lotteries without a license in South Australia.
- Director Adrian Portelli was not found guilty of assisting.
In South Australia, Xclusive Tech Pty Ltd, a company associated with Australian billionaire Adrian Portelli, has been found guilty on ten counts of operating unlawful lotteries. The conviction in Adelaide Magistrates Court on Friday relates to lotteries conducted between January 29, 2023, and May 16, 2024. These lotteries offered prizes including cash, cars, and houses, but Xclusive Tech lacked the required license for operations within the state. Mr. Portelli, the sole director of Xclusive Tech, was acquitted of all nine charges alleging his assistance in conducting these lotteries. He had previously stated his company was compliant with all other Australian states and territories, attributing issues in South Australia to misinformation.
