Search form

Login - Register | FOLLOW US ON

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

0

Comments

Please, login or register to post a comment

Latest Video

Khmer New Year games: it’s never too late to try them out

Even though games such as “Fight for the leaf” or “Hide the towel” are traditionally played during the Khmer New Year holidays

Khmer New Year getaway: Ghost Island

One of 23 islands in the sea of Koh Kong, Koh Kmoch (Ghost Island) has a wealth of corals and other sealife visible through its crystal clear water.

ACLEDA’s boss on how tech is changing financial services

In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.