Billionaire Adrian Portelli Charged Over Alleged Illegal Lotteries

The South Australian government accuses Portelli and his company LMCT+ of running unlicensed lotteries with luxury prizes, including properties from The Block.

• Adrian Portelli, a Melbourne entrepreneur known for his high-profile property purchases, faces nine charges of conducting unlawful lotteries in South Australia.
• His company, LMCT+, which offers membership-based rewards and prize draws, has also been charged with 10 counts of similar offences.
• The alleged illegal lotteries, conducted between January 2023 and May 2024, included prizes such as luxury cars, cash, and properties from the reality TV show The Block.
• South Australia's Lotteries Act requires a license for any lottery held in the state, with violations carrying a maximum penalty of $10,000 per offence.
• Portelli and LMCT+ are scheduled to appear in the South Australian Magistrate’s Court on January 15, 2025, to address the charges.

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The Sydney Morning Herald The Guardian Australian Broadcasting Corporation