Phnom Penh Post
NE year after the government crackdown on sports gambling forced the closure of firms, including CamboSix, Sport Social Affairs Co Ltd launched the Cambodia National Sports Lottery nationwide Sunday amid criticism from the opposition.
A joint venture with Singapore-based firm PSC Corporation Ltd, which invested US$5 million, and the National Sport Foundation (NSF), the new lottery is operating under an exclusive licence received from the Ministry of Economy and Finance on November 9.
“This is not a game for betting.... It is a different system – a lucky draw,” NSF Secretary General Vath Chamroeun said Friday.
Some of the revenue raised by the lottery will be used to develop sport in the Kingdom, said Sport Social Affairs President Ly Hout.
A joint venture with Singapore-based firm PSC Corporation Ltd, which invested US$5 million, and the National Sport Foundation (NSF), the new lottery is operating under an exclusive licence received from the Ministry of Economy and Finance on November 9.
“This is not a game for betting.... It is a different system – a lucky draw,” NSF Secretary General Vath Chamroeun said Friday.
Some of the revenue raised by the lottery will be used to develop sport in the Kingdom, said Sport Social Affairs President Ly Hout.
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