BY Taiwo Adebulu
Babajide Sanwo-Olu, governor of Lagos, has unveiled a new name and brand logo for the state lottery agency.
During a ceremony, on Friday, the governor officially changed Lagos State Lotteries Board to Lagos State Lotteries and Gaming Authority.
This is coming six months after Sanwo-Olu signed the amended Lagos State Lotteries and Gaming Authority bill into law, following its passing by the state house of assembly.
According to the governor, the new identity is part of extensive reforms initiated by his administration to reposition the industry for greater efficiency and stakeholder satisfaction. He added that the rebranding will herald a new business culture that fully protects stakers and licensed operators in the state’s gaming sector.
He added that the agency is ready to conduct its business in line with modern technological practices, while adopting a more innovative and transparent approach in the regulation of the lotteries and gaming industry.
“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,” Sanwo-Olu said.
“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.
“With this newly rebranded agency, all the functional elements of the lotteries and gaming industry will be unlocked to create a new model of gaming in Lagos State. I charge the management to forge a transparent and formidable alliance with licensed gaming operators in the State, with a view to creating a vibrant Gaming Industry for a more prosperous and sustainable economy.”
The governor also asked illegal lottery and gaming operators in the state to obtain operational licences from the agency, warning that the government would not hesitate to prosecute any unlicensed operators.
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