Sanwo-Olu unveils new name and logo of Lagos Lotteries Authority –

Governor Babajide Sanwo-Olu has lifted the curtain on the new brand identity of the Lagos State Lotteries and Gaming Authority, announcing a new corporate culture that fully protects players and licensed operators in the state gaming sector.

On Friday, the governor officially changed the Lagos State Lottery Board to the Lagos State Lottery and Gaming Authority.

This was done as part of sweeping reforms initiated by the Sanwo-Olu administration to reposition the industry for greater efficiency and stakeholder satisfaction.

The agency’s brand name and logo were unveiled at a ceremony held at the Lagos Oriental Hotels on Victoria Island, attended with full participation by senior government officials and parties. private sector stakeholders.

The unveiling came six months after Governor Sanwo-Olu signed the amended Lagos State Lottery and Gaming Bill, after it was passed by the State House of Assembly.

The legislation required the change of name and the new logo of the brand.

With the new law and a new brand identity, Sanwo-Olu said that the National Lottery and Gaming Authority is now ready to operate in accordance with modern technological practices, while taking a more innovative, harmonious and transparent approach. in the regulation of the lottery and gaming industry.

The Governor said, “This unveiling ceremony marks a new dawn in the history of lottery and gaming regulation at the Center of Excellence. The agency was renamed to define and enforce gaming standards in a responsible and fair manner. The aim is to gain and maintain the trust of all operators and stakeholders in the lottery and gaming industry.

“Our administration has done what was necessary by working closely with the House of Assembly to initiate and pass the Lagos State Lotteries and Gaming Bill 2021, which I promulgated last April. The new law will help institutionalize major reforms in Lagos’ gaming sector and expand the scope of operations of our lotteries and gaming authorities in line with gaming dynamics across the world.

Sanwo-Olu said the agency has maintained its revenue-generating momentum since its inception in 2004 under the administration of Asiwaju Bola Ahmed Tinubu, urging management to maintain the zeal and align the vision of the new brand with the fundamental values ​​of the THEMES of its administration. Agenda.

The governor allayed the concerns of gaming operators and industry investors over intergovernmental feuds over the constitutional responsibilities of federal and state governments for the oversight and regulation of the gaming space.

He said the Constitution remains clear about the competing powers of federal and state governments over lottery and gaming issues, assuring operators that their businesses will not be double taxed.

Sanwo-Olu advised illegal lottery and gambling operators to obtain operating licenses from the agency, warning that the government would not hesitate to prosecute any unlicensed operator.

“With this newly renamed agency, all functional elements of the lottery and gaming industry will be unlocked to create a new model of gaming in Lagos State. I task management with forging a transparent and formidable alliance with licensed gaming operators in the state, with a view to creating a vibrant gaming industry for a more prosperous and sustainable economy, ”said the Governor.

State Lottery and Gaming Authority Director General Bashir Are said the agency, under his leadership, has made significant achievements in regulating, protecting and promoting best practices in the play space.

Based on its compliance with international gaming standards, Are said the agency has received ISO certification for Information Security Management System (ISO 27001) and Quality Management System (ISO 9001) in addition to becoming a full member of the International Association of Gambling Regulators (IAGR) and International Gaming Standards Association (IGSA).

He said: “There are over 56,000 full-time staff and gaming agents operating in Lagos. We have deployed an automated system to monitor gambling transactions in our jurisdiction. We have also launched an agent registration platform to weed out scammers from licensed agents.

“For us, the future has begun and we are excited about the development underway in the gaming industry. Our next goal is to focus on creating greater efficiency and sustainable economic value for the game industry. ‘State, operators, stakeholders and stakeholders in the sector.

In the coming days, Are said the agency’s advocacy against underage and addictive gambling would be amplified by a strengthened policy and sustained campaign.

The Governor’s Senior Special Assistant for State Lotteries, Funmi Olotu, pointed out that the successful harmonization of all state gambling regulations has not only corrected disparities in the sector, but has also established a framework uniform that would be easily implemented.

Next, the 2021 State Lotteries and Gaming Authority Act, Olotu said, also addressed contemporary challenges and issues that can arise from time to time.

The highlight was the unveiling of the agency’s new logo and operational guidelines by the Governor with the support of representatives of licensed gaming operators.

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