A new lottery company, Naga Lottery owned by the same company that operates Phnom Penh’s NagaWorld, will launch its first product on June 8, an official press release said yesterday.

The company was licensed by the Ministry of Economy and Finance in October last year said executive director Winn Phuah.

A million tickets will be printed and available from 1,500 sellers across Cambodia with a seller in every province.

There will be two draws every month with a first prize of US$218,000, and over 15,000 prizes available, Phuah said.

The company will host a music concert on June 16 from 7pm to 12am at Hun Sen Park, and hopes to attract between 10,000 and 15,000 people to the event.

Thirty per cent of the company’s net profit will be donated evenly between the national police, Preah Vihear military command and the Cambodian Red Cross, Phuah said.

“We are using a Canadian company to print the tickets, and only myself and one other person knows the design of the tickets. So if something gets leaked, one of us will be in trouble,” Phuah said.

To contact the reporter on this story: Abe Becker at [email protected]