Adrian Portelli: Lambo guy charged over alleged unlawful lottery

Get the day’s breaking news, entertainment ideas and a long read to enjoy. The Victorian Gambling and Casino Control Commission and NSW Fair Trading have both investigated complaints about LMCT+ but found no evidence that gaming or lottery laws had been breached. Portelli, 35, has run LMCT+ since 2018 and last year The Australian Financial Review reported the business had an annual revenue of about $60 million. The businessman bought one property on the popular reality lmct pokies show in 2022, but it was just the beginning. The alleged offences relate to several promotions by Portelli and his business between January 2023 and May 2024, which included prizes of properties bought from Channel Nine’s The Block reality show, cash of up to $3 million and luxury cars. But the list of businesses that he has on there is predominantly automotive and very niche. Did a little bit of investigation and there are claims that the company’s worth $350m??

South Australia’s acting liquor and gambling commissioner laid the charges against the well-known Melbourne entrepreneur on Thursday following a protracted investigation by the state’s consumer and business services department. The South Australian investigation is not the first time the billionaire and his business have faced scrutiny from gaming regulators. The acting liquor and gambling commissioner alleges Portelli and his business “did not hold a licence to conduct the lottery in South Australia,” according to charge sheets. If convicted on all charges, the billionaire faces a maximum penalty of $190,000. Portelli has previously insisted his business is a “membership reward service” which makes significant financial contributions to philanthropic causes and communities across Australia. The LMCT+ website charges membership fees of up to $100 a month. Charge sheets reveal Portelli faces nine counts of being involved in the “conduct of an unlawful lottery”, while his company, Xclusive Tech Pty Ltd, which trades as LMCT+, also faces the same nine charges. Billionaire Adrian Portelli and his “membership rewards” business LMCT+ have been charged by a consumer watchdog with allegedly conducting a string of illegal lotteries.