Tauna Thomas reports.
The Betting Gaming Lotteries Commission, BGLC says in about two weeks it expects to know the findings of two North American firms which have been commissioned to carry out due diligence exercise on controversial Chinese-based company, Genlot.
Genlot is Mahoe Gaming’s proposed service provider as Mahoe is seeking to break Supreme Ventures monopoly on the US-multi-million dollar lottery sector.
Several well known Jamaican business people, including PB Scott and Michelle Myers Mayne are principals of Mahoe Gaming.
Recently, US Ambassador to Jamaica, Donald Tapia, wrote the Government of Jamaica and expressed concern about Genlot, being allowed to participate as a service provider in Jamaica’s lucrative lottery sector.
Speaking today with Nationwide News, BGLC Executive Director Vitus Evans said two US-based companies, Spectrum International and Gaming Labs International, GLI, have been contracted to do a due diligence exercise on the Chinese firm.
He says the results of the due diligence are not yet in.
Mr. Evans says the relevant documentation was sent to the firms conducting the due diligence on Genlot about 4-weeks ago.
he BGLC Executive Director says there’s no need for the Financial Investigation Division, FID in Jamaica to be involved in the due diligence exercise on Genlot.
Mr. Evans told our news center how the firms conducting the due diligence on Genlot were selected.
Vitus Evans, BGLC Executive Director.