LOTTERIES UGANDA South African company Ithuba to retain earnings in Uganda 5 months ago Szarlot Post Views: 225 Dennis Mudene, the chief executive officer of the National Lotteries and Gaming Regulatory Board, says “over 85 per cent of the national lottery proceeds will stay in Uganda,” as part of the industry’s contribution to the growth of the economy. He was speaking at the launch of Ithuba Uganda Limited, a lottery and gaming company from South Africa. In a press statement, Ithuba said it would invest more than $14.5 million as start-up capital in its lottery operations. “We have ensured that Ithuba hosts its infrastructure within the country so as to bring about total transparency and accountability of their operations. And the data that they are collecting does not belong to them but to the government of Uganda, and we will have full access of their entire operation,” – Mudene added. He noted that more than 50 per cent of the goods and services that are used in Ithuba Uganda operations have been locally-sourced and this shall increase to 80 per cent in the second and third year, and thereafter to 90 per cent in the fourth year onwards. Michelle Van Trotsenburg, the head of Marketing and Corporate Affairs at Ithuba, noted the company was: “thrilled to bring the Uganda national lottery to life by offering a variety of games that provide both excitement and opportunity to win life-changing jackpots.” She said the company was committed to ensuring a fair, transparent, and responsible gaming environment. Ithuba will work with 600 retailers that will be operating across the entire country. Source: observer.ug About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: ITHUBA, jackpots, lotteries, Uganda Continue Reading Previous How to Keep Winning at Buffalo SlotsNext National Arts Festival battles to get much-needed Lottery funding More Stories LOTTERIES SOUTH AFRICA Gqeberha law firm accountant with ‘gambling habit’ jailed for stealing R18 million from client accounts 4 hours ago Szarlot ONLINE UGANDA Conquer the Buffalo Slots Leaderboards 4 hours ago Iwo Bulski LOTTERIES SOUTH AFRICA Former lottery executive fired after disciplinary hearing 4 hours ago Szarlot LOTTERIES SOUTH AFRICA Google must allow ads from online lottery betting company in South Africa 4 hours ago Samuel LOTTERIES SOUTH AFRICA Not one, but two people have won the Powerball Plus jackpot, was it you? 2 days ago Szarlot LOTTERIES SOUTH AFRICA Woman claims R103 million Lotto jackpot 1 week ago Szarlot LOTTERIES UGANDA Uganda National Lottery launches SPIN4CASH online, offering instant gaming experience 1 week ago Samuel ONLINE UGANDA Unveiling Buffalo Slots’ Top Games in Uganda 1 week ago Iwo Bulski EXPERTS UGANDA What algorithms tell us about our borrowing habits 1 week ago Samuel EXPERTS HOT NEWS UGANDA What algorithms tell us about our borrowing habits 2 weeks ago Samuel BETTING UGANDA Uganda: Local teacher hits jackpot with fixed games 3 weeks ago Szarlot EXPERTS UGANDA Gambling Addiction Among Ugandan Players: Can Self-Exclusion Help? 3 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.