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Logo of Phnom Penh Post newspaper Phnom Penh Post - National Sports Lottery gets approval for revival

National Sports Lottery gets approval for revival

After a two-year hiatus, the National Sports Lottery was relaunched on Tuesday following an approval by Prime Minister Hun Sen and the Ministry of Economy and Finance. “Even though we lost over a hundred thousand dollars [previously], we still want to do it again and are ready to risk losses of US$5 million over the next two years with US$20 million of investment,” Lin Lun, a director of National Sport Lottery Co. Ltd, said at a press conference at the Sunway Hotel on Tuesday. The lottery sees 25 percent of its revenue from ticket sales go towardas funding the activities of the National Olympic Committee of Cambodia, while 65 percent is given out as cash prizes and 10 percent is taxed. TRANSLATED BY PANN RETHEA

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