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Business News of Wednesday, 28 April 2021

Source: GNA

Greater Accra Association of Lotto Marketing Companies endorses KGL Operations at NLA

The group has also decried the activities of Banker-to-Banker operators The group has also decried the activities of Banker-to-Banker operators

The Greater Accra branch of the Association of Lotto Marketing Companies (ALMCs) has disassociated itself from the Press Conference staged by the Concerned Lotto Marketing Companies(CLMCs).

A statement jointly signed by Mr Andrew Ofori Kwarteng Regional Secretary, and James Bastine, Regional Financial Secretary, of the ALMCs and copied to the Ghana News Agency said: "In our view, the reason adduced by the CLMCs is untenable since our National Executives are talking with the current Management in a bid to introduce measures based on proposals they had submitted to them.

"The measures include; some innovations that will ensure that as LMCs, we shall continue to be in business for which the prospects look good for our members".

The statement said KGL Technology Limited was also a lotto marketing company, granted a license by the Board of the NLA under the lotto Act 2006(Act 722) to operate online lotto and therefore permitted by law to operate as such.

It said the major problem confronting the NLA and the LMCs was rather the massive encroachment perpetrated by the Banker-to-Banker operators, their agents, and writers who covered 75 per cent of the NLA market for so many years with impunity without paying anything to the NLA.

The statement said: "Even now that they claim to have obtained some licenses, which seems to be under some suspicious terms, what they are paying to the NLA can be described as miserly donations which is nothing to write home about as compared to what KGL has paid to the NLA for only one year but is not making ugly noises like them. The modus operandi of the Banker-to-Banker is such that if care is not taken, the NLA would completely collapse."

It said because of the nefarious activities of the Banker-to-Banker against the NLA compelled the Authority to introduce the electronic sales (*959# powered by KGL) for the 5/90 game, which is the most popular product of the Authority among others.

The statement called on the Government, the NLA and the Media to disregard the group known as Concerned Lotto Marketing Companies. “Our policy is to help the NLA to promote policies and programmes that will ensure an integrated growth, where the Authority will grow together with all its stakeholders including; all the LMCs without any hindrance. And anything that would undermine this agenda would not be countenanced.

"We wish to state in clear terms that, KGL is not the one destroying the business of Lotto Marketing Companies, but rather the increasing operations of Banker-to-Banker lottery."