The government has shelved plans to privatise the state owned Development Lotteries Board following opposition from President Chandrika Kumaratunga.
ldblquote The privatisation process has been put off, instead we are hoping to re-organise Development Lotteries Board by introducing innovative products to popularise lotteries in Sri Lanka,
dblquote Chairman, J K Fernando told journalists on Monday.rn
rnHowever, plans to privatise the National Lotteries Board Management will go ahead as scheduled, Director/Representative of the Economic Reforms Ministry, Kanthi Wijetunga said.rn
rnDevelopment Lotteries Board or DLB turns 20 years this year, with a host of new games and prizes.rn
rnSales during the past few years had stagnated, but notched an almost 50 percent growth to Rs. 2.9 bn under a new restructured management team in 2002. Revenues for 2003 are expected to snowball to Rs. 5.0 bn, says Fernando.rn
rnThe company markets three types of lotteries endash Saturday Fortune, Development Fortune a