Business/Economy

Lottery Commission holds maiden gaming conference

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27 July 2021 10:04 AM GMT
Lottery Commission holds maiden gaming conference
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Stakeholders in Nigeria’s gaming industry will on Wednesday converge in Lagos to brainstorm on the growth of lottery business and chart the way forward to generate more revenue for government. Supreme reports that the two-day maiden National Gaming Conference, organised by the National Lottery Regulatory Commission (NLRC), will bring together all the major players in […]

Stakeholders in Nigeria’s gaming industry will on Wednesday converge in Lagos to brainstorm on the growth of lottery business and chart the way forward to generate more revenue for government.

Supreme reports that the two-day maiden National Gaming Conference, organised by the National Lottery Regulatory Commission (NLRC), will bring together all the major players in the industry as well as relevant regulatory agencies.

NLRC Spokesman, Magnus Ekechukwu, said in a statement that the Minister of Special Duties and Intergovernmental Affairs, Sen. George Akume, will preside over the conference, with the theme “Repositioning the Gaming industry for Better Performance and Revenue Enhancement for Stakeholders in the 21 Century”.

Among germane issues for discussion at the conference are Financial Regulatory Obligations of Gaming Operators, Legislative Reforms for the Gaming Industry in the 21 century and Taxation in Gaming Industry.

Others are Resolving Multiplicity of Regulations, Responsible Gaming and Players’ Protection, Developing Local Technology for Nigerian Gaming Industry as well as the Role of Corporate Social Responsibility (CSR).

The Director General of NLRC, Mr Lanre Gbajabiamila, said that the conference, which would be the first of its kind in the Nigerian lottery and gaming industry, would create the much needed awareness on the mandate of the NLRC.

“The lottery industry is a peculiar one that requires better understanding and cooperation from everyone for it to thrive.

“We need to synergize to ensure we have a growth pattern that will favour everyone.

“NLRC cannot do it alone, everyone have to join us in the effort to reposition the lottery and gaming industry for sustainable growth and development,” the DG stated.

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