Jordan surprised at move for new lottery company

Former Minister of Finance, Winston Jordan has expressed shock at the government’s recent invitation for a lottery services provider as up to when he left office in 2020, the Canadian Bank Note-owned Guyana Lottery Company, was well positioned to meet the target set out in the 10-year contract it had signed with his government.

“We had signed with them a five-year with an option for a second five-year. We had specified the conditions of the second five years… that is, we would have had to get royalties of a certain amount, plus they would have committed to a national project of $50 million…,” Jordan told Stabroek News yesterday.