'We make sure all our operators are bonded, so if an operator cannot pay the winners, the board can redeem the bond.'
The sports betting industry is one of the worst-hit by the coronavirus pandemic. With things gradually getting back to normal, the Lagos State Lotteries Board has set some immediate targets for itself, one of which is a renewed and sustained fight against the menace of underage betting. In this interview with PREMIUM TIMES, Bashir Are, the CEO for Lagos State Lotteries Board, reveals his plans to fight underage betting to a standstill and also other plans in the post-pandemic era.
PT: How are you tackling the menace of underage betting in the state which seems to be on the rise again?Thank you for your wisdom; it is a concern for me. My first major project when I got this appointment was the underage gambling campaign.
So, when it comes to monthly gaming tax and levies they have to remit, it all depends on the volume of sales. So during the lockdown, if you are not selling anything, we don’t charge them anything.Already, Lagos State is regulating online, however, retail will remain significant for a longer period because some categories of punters still believe in luck, sentiments, emotions, pragmatic nature of lotto.
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