Posted: Thursday, May 18, 2023. 1:14 pm CST.
By Breaking Belize News Staff: In a landmark decision, Belize’s Cabinet has given the green light to proposed amendments to the Lotteries Act, opening up the possibility of a government-owned lottery company. The news came during the Cabinet’s latest discussion on the formation of the Belize Government Lotteries Ltd., a significant development that could see the government selling lotteries across the nation.
These proposed changes represent a major overhaul of the current lottery system and are set to be introduced during the next sitting of the House of Representatives, scheduled for tomorrow, May 19th, 2023.
If passed, this legislation would allow the Belize Government Lotteries Ltd. to take control of nationwide lottery operations. This move could potentially enhance governmental oversight, increase transparency, and provide an additional revenue stream for the country.
While further details about the proposed amendments are still to be released, the decision to move forward signifies the Cabinet’s commitment to progressive changes within the nation’s lottery system.
The establishment of a government-owned lotteries company is a move that will undoubtedly shape the future of gambling in Belize. As the nation eagerly awaits the next sitting of the House of Representatives, all eyes will be on the outcome of this groundbreaking legislation.
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