Lagos Publishes Approved Gaming Industry Operators

It is not for nothing that Lagos, Nigeria's erstwhile capital and one of tge fastest growibg cities in the world is widely acknowledged as the nation"s commercial capital 

With her over 20 million residents, Lagos is an investors paradise.
Recently published figures posited that the state grosses over N23 billion internally generated revenue monthly.
With the ubiquitous presence of gaming industry vendors,  unconfirmed figures put contribution from the gaming industry to the IGR of Lagos at about 10 per cent.
Much of these is generated from operators recently announced by Mr. Lanre Gbajabiamila Chief Executive of the Lagos State Lotteries Board as those approved “to conduct lottery and related activities in Lagos State."
They include Premier Lotto Limited (Babaijebu), Winners Golden Chance Ventures Limited (Golden Chance lotto), Winlot Global Resources Ventures Limited (Winlot), Superior Games Limited (Big Games) and Softplug Gaming Nigeria Limited.”

Others are Get Altitude Nigeria Limited (Nairabet), Winners Bookmakers Nigeria Limited (1960bet), Marawin Limited (Sportybet), KC Gaming Networks Limited (Bet9ja), ChessPlus International Limited (Surebet247), Merry Bet Gold Limited (Merrybet).
In the area of regulatory framework, Lagos stipulated its Lagos State Lotteries Act (as amended) in 2004, ahead of the federal government.

Lottery Sharing Ratio in Nigeria

Mr. Adolphus Joe Ekpe, Director General of the National Lottery Regulatory Commission recently explained the lottery sharing ratio in Nigeria. This method, according to him was devised to guarantee sustainable development  which is enshrined in the National Lottery Act, NLC 2005.
Ekpe said that section 24, requires that 20 per cent of proceeds of all lottery operations should be remitted to the National Lottery Trust Fund, NLTF for deployment towards execution of good causes/ developmental projects in Nigeria.
The sharing formula guarantees 30 per cent to operators, while 50 per cent is earmarked or prizes.
The Nigerian gaming environment is witnessing more interest from cash strapped state governments that are tapping into it to boost internally generated revenue. Private Nigerian companies either working solo or partnering with foreign investors are also plugging into this vital commerce.

Delta to Curb Unrest, Kidnapping Through Lottery

Faced with overwhelming incidents of unemployment, kidnapping, vandalism, communal unrest and ritual killing, the government of Delta State has welcome the opportunity to use lottery as a creative means of providing emplloyment.
Governor Ifeanyi Okowa made this known at a recent parley organised by the National Lottery Regulatory Commssion, NLRC, at Effurun in Uvwie council of Delta State. The talkshop on 'Lottery, A Tool for Sistainable Development' jad Okowa's Special Adviser on Investment, Hon. Sunday Ozege who delivered the governor's address promised to provide an enabling environment for the gaming industry in the state while charging the staff and management of the NLRC to uphold the values of the commission.
The Director General, National Lottery Regulatory Commission, Mr. Adolphus Joe Ekpe, represented by the Director Administration and Finance, Adamus Sifawa, spoke on the innate human ability to create sustainable development development sustainable.
The event closed on a promising and happy note with presentation of prizes to lucky dip winners.

A Casino for Winners

By Vanessa Obioha

Anyone who walks through the revolving doors of Jacaranda casinos at Sheraton Ikeja, Lagos is a winner.  So says the tagline below the glittering letters of the casino 'Where Winners Play'. In all its glamour, the casino beholds a promise of a lifetime. Therefore, it wasn't unusual to find guests already trying their luck in the gaming house before it officially opened its grand doors for business last weekend. With the handful of optimistic dealers and variety of games to play, Jacaranda casinos upped the gaming business in Lagos.

Gaming Entertainment Arrives Big in Anambra

It was a very small and brief ceremony which, however, meant so much to the Anambra State Government. In these days of leans resources, any project that promises to generate as much as N375 million monthly gets the attention of any forward looking governor. It was not a surprise then that Governor Willie Obiano insisted on receiving the team from Global Gaming Company Limited led by its Chairman, Yahaya Maikori at the Governor’s Lodge in Awka.

Speech of the President Nigerian Gaming Association, Mr. Yahaya Maikori at the World Regulatory Briefing in Lagos, Nigeria

Distinguished delegates, ladies and gentlemen, I am pleased to welcome you to the world regulatory briefing-taking place here in Lagos, Nigeria. This is the first time the WRB will take place in Africa and actually the 2nd gaming event to take place in Nigeria within the space of a year – I am proud to be associated with both events, it simply signposts the industry’s growth.

Towards a Strong Gaming Industry

Adolphus Ekpe, DG National Lottery Regulatory Commission; Yahaya Maikori, President Nigeria Gaming Association and Mr. Lanre Gbajabiamila, CEO Lagos state Lottery Board at the just concluded World Regulatory Briefing Africa held at Four Points by Sheraton.

 President of the Nigerian Gaming Association, Mr. Yahaya Maikori has opined that the perception that regulatory framework in the Nigerian lottery and gaming environment is weak or non-existent is
subjective.