May 20, 2024

The Catholic Transcript

Complete News World

The National Lottery is a collapsing blow

The history of national lottery failure can be well explained with Act 139-11, which transferred control of banking fees to the Ministry of Finance, leaving Sweepstakes at the mercy of subsidies to cover its costs.

From that law, the company also lost its powers for established social assistance as the main purpose of its creation.

Between 2004 and 2008, the income of lottery banks averaged RD 100 to 1,100 to 1,200 million per year. The figure was collected from 24,500 banks that are legally registered with the company and 15,000 to 20,000 illegal banks that are not taxed, “most of the same bankers who are legally owned.”

Prior to the law’s approval, the National Lottery began receiving a grant of $ 20 million a year to manage its administrative activities. Another headache faced by the lottery is the transformation of the ruling parties and their allies into a kind of political fortune.

The company has 1,600 to 1,700 employees, with a monthly salary of about 27 million, employing 2,000 people, $ 30 million.

All of this without undertaking the company’s usual tracks.

The law, passed in 2011, took control of bank payments and operations, leaving the lottery at the mercy of subsidies, private lottery payments and fracatons and tickets, which were publicly designated as deficits.

The gambling industry in the Dominican Republic has pointed out weaknesses in controlling lottery banking operations because it has approved the installation of more than 5,000 benches in a short period of time, even to the point of losing respect for the distances between them. It was an important landmark at the beginning of the new century, allowing some bench positions to sell for 300,000 pesos.

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With the expansion of licenses to install new lottery benches, the proliferation of illegal benches has also been recorded, which has reached today’s figures where there are said to be more than 100,000 illegal positions.

The national lottery is in dire straits as it was publicly known that last May 1 the balance was changed by the company’s insiders. In a special way, Louis Mycicle descent points out that Louis Abinader was appointed by the administrator and is currently in custody on charges of being one of the leaders of the criminal network.

He was succeeded by William Rosario, president of the Federation of National Banks (Fenbankas), who is credited with setting up the “carpentry business” of the notorious Draw, which caused losses of 500 million pesos. At least $ 5 million, according to the Attorney General’s Office.

The activities of the lottery were limited to the recognition of licenses or concessions to electronic lottery companies, and many deals signed in recent years must have the approval of the President, judging by the announcements of the new administrator before the Chancellor grants the power associated with them. ”

Having daily raffles for benches funded by the National Lottery means that for this sector they represent the state’s guarantee or they will be covered with tremendous security and transparency. “The foundation of this trust and credibility for bankers, between them and the players, greatly affects the game in the banks by fraudulently violating this protocol,” the sources said.

In the current scenario, the lottery will stop holding Fenbanga tracks and sales of benches will be significantly affected.

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Other lotteries
As for private gaming lotteries like Lytsa, Lotto Real and Lottega, they make their own draws at all costs. Although they do so under the “supervision” of Lottery and Finance Ministry officials, they still enjoy full confidence among players. “However, if it were Phenbang, we would no doubt have had the credibility needed for the tracks, given the contempt that the industry has had throughout its history,” say experts in the field.

When the Lotus Sports Market was absorbed, there was no reason for the National Lottery to exist because the reason for its existence was to raise money to be used for charity work.