Rolling Business

Bluechip firms are top contenders for a stake in the Sri Lankan lquote sweep industry and are among 30 parties who have taken bid documents, their ticket to battle for the management of offline lotteries of the National Lotteries Board.
The Public Enterprises Reform Commission (PERC) in the spirit of the past holidays has extended a January 10 deadline for expressions of interest to an early February date. rn

rnIndustry watchers say the Sri Lankan market remains largely untapped, with only an estimated 10 per cent of the population indulging in the game of chance. rn

rnPrivate sector participation is expected to boost the profile of playing the lottery, and introduce new and innovative number games catering to a wider audience. rn

rnTotal annual industry revenue now well below Rs. 7 billion, is expected to rise to over Rs. 15 billion, two years after private sector participation. rn

rnIndustry sources expect the present process to clear the way for at least one more private sector lotteries ope