Officials of Anambra State Investment Promotion and Protection Agency (ANSIPPA), the arm of the state government, which facilitated the signing of an MOU for the establishment of a state lottery and structured gaming operations in the state and the Governor of the South-eastern state of Anambra, Chief Willie Obiano, received the team from Global Gaming Company Limited, led by its Chairman, Yahaya Maikori, at the Governor’s Lodge in Awka.
Also present were the Secretary to the State Government and the Commissioner for Justice and Attorney-General and his counterpart in the Information, Culture and Tourism Ministry.
The traditional ruler of Umuoji and Chairman of ANSIPPA, Igwe Cyril Enweze, said he was happy with the arrangement, which will introduce scratch card and other types of gaming into the state. Beaming with smiles, he told Obiano that the partnership with Global Gaming would satisfy the internal revenue objectives of the state.
The deal is for an initial period of 10 years, which is renewable for five years. Explaining why his company taking a huge share, Maikori said Global Gaming would fund the scheme through its technical partners, Grupo Pefaco, which is committing full funding for the initial take off with $11 million.
He expressed confidence that his company will make enough from ticket sales and other sources to keep to the terms of paying N375 million to the state government after the first seven months.
Describing gaming as a veritable tool for economic development, Maikori said while taxation is compulsory revenue for government, through gaming, the people are made to pay voluntary tax, while expecting dividends.