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Investor interests in the liberalisation of the National Lotteries Board has increased with 21 investors collecting the Request For Proposals (RFP), official sources told the Daily News yesterday.

This follows the Government calling for Expressions of Interest (EOI) from investors to manage the off line lotteries of the National Lotteries Board aimed at streamlining operations and maximising revenue/profitability. The selected investor will have to pay an up front Rs. 3 billion and share the profits with the Government after the divestiture and he will be able to utilise the current operational infrastructure of the NLB.

The prospects for the winning bidder are very good as we are expecting a 50 percent growth in the turnover to Rs. 4.5 billion for 2002 over the three billion in 2001 and the profits increasing to over 500 million over the Rs. 248 million a year ago, NLB Chairman Imtiaz Ismail told the Daily News yesterday.

We are also increasing the payments to the Consolidated Fund to over Rs. 1 billion this year from the Rs. 680 million last year, he said.

The record came in when a single draw in September 2002 collected Rs. 2850 million, he said.

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