​National Sports Lottery gets approval for revival | Phnom Penh Post

National Sports Lottery gets approval for revival

Sport

Publication date
28 July 2011 | 08:00 ICT

Reporter : Yeun Ponlork

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The approximately 100 houses in the Borey Chomkar Svay housing project are all built on former wetlands and face the same construction defects.

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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