The Isle of Man government's department of economic development has announced the launch of the lottery-styled products provider Annexio.

Based on the island, Annexio will offer its members the chance to play in lottery syndicates worldwide to win substantial cash prizes through the website Big Fat Lottos. The site will include syndicate games for the UK Lotto, EuroMillions, SuperEnalotto, the Spanish Superdraw and the Spanish Christmas lottery, El Gordo.

The company is licensed by the Isle of Man government’s gambling supervision commission. Annexio CEO Jennifer Houghton said: "This is a site for anyone who enjoys playing and winning lotteries globally. We are very excited to have launched our new business and intend to provide an excellent product and service to existing members and welcome new ones.

"We have chosen the Isle of Man because of its strict regulation and player protection regime to provide assurance to the players that their money is in good hands."