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, Ad Honorem president 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 casino operator aims to expand the gaming area of the venue.
Singapore.- Las Vegas Sands (LVS) has announced it will pay US$1bn to Singaporean authorities after entering into an agreement with the Singapore Tourism Board (STB) for changes to the expansion project for Marina Bay Sands (MBS).
In a filing on Friday (January 10), the company said it aims to increase the overall gaming area allocation for the expansion project, among other amendments. The company needs to purchase 2,000 square meters (21,528 sq. feet) of approved gaming area and 10,000 square meters in support of the gaming area from the STB.
Last October, LVS already revealed plans to invest US$8bn in the development of the second phase of Marina Bay Sands. Dubbed “MBS IR2”, the second phase will feature the development of the Marina Bay Sands Tower IV, with 570 rooms and additional casino space.
The fourth tower will also feature a 15,000-seat entertainment arena, augmenting MBS’s capacity for events and concerts, dedicated space for MICE tourism, and new food and beverage options and nightlife attractions. The project received approval from Singapore’s authorities earlier this year.
The updated cost for the second phase of Marina Bay Sands, which has increased from the initial US$3.3bn investment announced in 2019, includes US$2bn in total land premiums and an estimated US$4.7bn in design, construction, and other associated expenses.
The development of Tower IV is slated to begin by June 2025 and be completed by January 2031. Pre-opening and financing costs are estimated at US$1.3bn.
LVS predicted that MBS annual earnings before interest, taxation, depreciation and amortisation (EBITDA) will rise 40 per cent to US$3.5bn after the opening of the MBS IR2.
