Lotto operator on monthly licence as gov’t mulls new tender

Lotto operator, Canadian Bank Note (CBN) has been operating on a monthly licence and President Donald Ramotar yesterday indicated that government is considering going back to tender on the franchise.

“Maybe there should be some consideration on going out back to tender to see if we can get a better deal on that,” the President said at a news conference at State House yesterday. He noted that CBN through its wholly-owned subsidiary, the Guyana Lottery Company (GLC) has been here for a long time but said decisions on going back to tender have not been made as yet and that is why the company has not been given a long-term commitment as this point in time.

In 1996, government and CBN signed an agreement under which the …..To continue reading, login or subscribe now.

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