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Namibia Plans End to Gambling License Moratorium

1 May 2006

NAMIBIA – As reported by the Namibian: "Minister of Environment and Tourism Willem Konjore informed MPs in the National Assembly on Wednesday that he would soon table amendments to the Casinos and Gambling Houses Act to close certain loopholes to prevent illegal gambling and to drop the ban on the issuance of new licences.

"The newly appointed lottery board, Konjore said, was working on developing Namibia's first State lottery.

"The proceeds from the State lottery will be deposited in a special fund dedicated to social development.

"Konjore revealed this during his budget motivation for his Ministry of N$141 million for the 2006-7 financial year…"

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