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Governor Sanwo-Olu Unveils New Name, Logo Of Lagos State Lotteries And Gaming Authority (Photos)

Published

3 years ago

Oct 30, 2021.

Governor Sanwo-Olu has unveiled the new name and logo of the Lagos State Lotteries and Gaming Authority.

EKOHOTBLOG reports that the Governor of Lagos State, Mr. Babajide Sanwo-Olu, has officially changed the Lagos State Lotteries Board to Lagos State Lotteries and Gaming Authority to reposition the industry for greater efficiency and stakeholder satisfaction.

This online newspaper reports that the name and brand logo of the agency were unveiled at a ceremony held at the Lagos Oriental Hotels in Victoria Island, Lagos, on Friday.

The unveiling, EKOHOTBLOG reports, is coming six months after Governor Sanwo-Olu signed the amended Lagos State Lotteries and Gaming Authority Bill into law, following its passage by the Lagos State House of Assembly.

The governor, while unveiling the name name and logo, stated that the Lagos State Lotteries and Gaming Authority was now set to conduct its business in line with modern technological practices, while adopting a more innovative, harmonious, and transparent approach in the regulation of the lotteries and gaming industry.

He said, “This unveiling ceremony marks a new dawn in the history of lottery and gaming regulation in the Centre of Excellence. The agency has been rebranded to set and enforce gaming standards in a responsible and fair manner. The goal is to gain and sustain the trust and confidence of all operators and stakeholders in the lottery and gaming business.

“Our administration did the needful by painstakingly collaborating with the House of Assembly to initiate and pass the Lagos State Lotteries and Gaming Authority Bill of 2021, which I signed into law last April. The new law will help to institutionalise major reforms in the Lagos gaming sector and expand the scope of our lotteries and gaming authority’s operations in accordance with gaming dynamics across the globe.”

Governo Sanwo-Olu added that the agency had sustained its revenue-generating momentum since its creation in 2004 during the administration of Asiwaju Bola Ahmed Tinubu, urging the management to sustain the zeal and align the vision of the new brand with the core values of his administration’s T.H.E.M.E.S Agenda.

The governor further allayed the concerns of gaming operators and investors in the industry about the intergovernmental squabbles over the constitutional responsibilities of the federal and state governments on the control and regulation of the gaming space.

He noted that the Constitution remained clear on the concurrent powers of the federal and state governments over matters related to lotteries and gaming, assuring operators that their businesses would not be double taxed.

Sanwo-Olu, therefore, enjoined illegal lottery and gaming operators to obtain operational licenses from the agency, warning that the state government would not hesitate to prosecute any unlicensed operators.

Speaking at the event, the Chief Executive Officer of the Lagos State Lotteries and Gaming Authority, Mr. Bashir Are, said the agency, under his watch, has recorded landmark achievements in regulating, protecting and promoting best practices in gaming space.

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