The LNB received an award during the World Lottery Summit 2024 in Paris.
El Salvador.- The National Lottery of Beneficence of El Salvador (LNB) was honored with a recognition for its leadership in responsible gaming practices during the World Lottery Summit 2024. The event was organized by the World Lottery Association (WLA) and took place from October 21 to 24 in Paris.
During a ceremony held at the Summit, the president of the LNB, Javier Milián, received the distinction. The institution highlighted: "This award reflects the efforts that the entire LNB family makes, achieving a solid and reliable institution that responds to the commercial, technological, and social challenges typical of state lotteries."
In 2023, the institution launched the "Responsible Gaming" campaign based on the seven principles of responsible gaming established by the WLA. The initiative prioritizes the well-being of players and their families, promoting healthy entertainment and minimizing the risks associated with gambling addiction.
See also: The LNB of El Salvador signed a cooperation agreement with the Instituto Crecer Juntos
"The recognition from the WLA is an honor that motivates us to continue improving and providing ethical and safe entertainment, as well as continuing to bring benefits to thousands of Salvadorans. We maintain the commitment to always act with transparency, ethics, and best practices, demonstrating that El Salvador is also a benchmark in the global state lottery industry," the LNB conveyed.
This year, the National Lottery of Beneficence of El Salvador became the official sponsor of the Clausura Tournament 2024 of the Copa Tigo Sports. In a press conference, Yamil Bukele, president Ad Honorem of the National Institute of Sports (INDES) and the Salvadoran Basketball Federation (FESABAL), presented the details of the tournament.
The Ibero-American Corporation of State Lotteries and Betting (Cibelae) invited participation in the webinar on the "Certification Process of the WLA Responsible Gaming Framework", which will take place on Thursday, November 14.
This event, organized in collaboration with the WLA and DigitalRG, aims to delve into the certification process of the WLA Responsible Gaming Framework.
The company has said its day-to-day operations have continued to maintain stability while trading in the group’s shares remains suspended.
Hong Kong.- LET Group Holdings has issued a company filing providing updates on its business operations and reported its principal businesses have remained unchanged since the last quarterly announcement date, issued last October. It also said its day-to-day operations have remained stable.
Regarding the Westside City integrated resort (IR) project in Manila, LET Group said the IR is under construction and is progressing as planned. LET Group holds a 51 percent stake in the resort through Suntrust Resort Holdings. The US$1bn project is expected to open in the first quarter of this year. It is set to include 400 gaming tables and 1,200 slot machines, 450 five-star hotel rooms, and 960 parking spaces.
As regards the hotel and gaming business operations of Tigre de Cristal in Russia, LET Group said they continue to face significant challenges and uncertainties due to the ongoing and escalating Russia-Ukraine conflict, along with the associated sanctions levied against Russia.
Last August, shareholders of the company agreed to sell Russian assets including the Tigre de Cristal casino resort. The proposed minimum sale price for G1 Entertainment, the entity managing Tigre de Cristal, is US$92.8m. That’s 80 percent of the proposed price when LET Group attempted to sell to Dalnevostochny Aktiv, who later pulled out of that deal, leading to the resignation of most directors of LET Group and Summit Ascent.
According to the statement, LET group is currently “seeking opportunities to divest its non-core business of property development in Niseko and Miyako Island of Japan”. The company expects this move to enhance its cash flow, despite a buyer yet to be secured.
