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GOVT TO LOSE $1B
Friday, October 6 2006
GOVERNMENT stands to lose over $1 billion in revenue and about 3,000 workers would be out of a job, if Government moves to phase out its National Lotteries Control Board (NLCB) online gaming activities. Cultural groups would also suffer a great loss as millions of dollars are donated annually to these groups by the NLCB.
An official of the NLCB, who wished to be unidentified, said that there are over 350 online gaming booths for Play Whe, Lotto, Pick Two and Cash Pot, established throughout Trinidad and Tobago. He said that each booth generates a minimum revenue of $35,000 per week. “Those online booths give employment to about 3,000 employees — both men and women, the majority, being the latter,” the official said.
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