 Brief description |
The Lottery of Macedonia was established in December 1972 as a lottery games operator organizing games of chance within the framework of the former Yugoslav Lotteries. Since 1993 the company has been operating games of chance successfully as an autonomous state-owned operator holding dominant position on the market.
| Mission Statement and Goals |
In addition to direct levies from the proceeds to the state budget the use of which is decided by the Government, the Company's mission from the very beginning of its operation was to provide financial aid to Macedonian sports and physical culture, also to health care, charity and cultural projects and social funds. The Company's goal is to maximize the amount of its contribution.
| Share Capital Structure |
According to the Law on Games of Chance and Games of Skill passed in March 1997 the Lottery was to start transformation process into a private company within six months so the privatization process began with the Agreement dated 9th July 1998 between the Agency of the Republic of Macedonia for the transformation of the companies with social capital and the management of the LOTTERY.
The Share Capital of the LOTTERY was esteemed to DM 16.154.000 in Macedonian Denar equivalent of 500.413.500 MKD and consists of 161 540 shares. The nominal value of each Share is one hundred Deutsche Marks (DM 100).
All Shares of the LOTTERY are registered and are not listed on the Macedonian Stock Exchange or any other Stock Exchange therefore.
| Overview of Products |
The LOTTERY has as its principal object of activity the operation and organization of lottery games and other games of chance in the Republic of Macedonia. It operates the following games of chance:
- Lotto, Toto, scratching tickets, TV Bingo and
- slot machines.
The sales are performed through an off-line system. |
The Lottery possesses a 6 -floor modern administrative building in the centre of Skopje and has established a network of 120 points of sales (solid buildings and kiosks) in its ownership which cover the whole territory of the Republic of Macedonia and has engaged over 400 agents selling the Lottery's products for commission.
| Organizational Structure |
Currently the Company employs 282 personnel and they are distributed as follows between the departments:
- 1 General Manager
- 1 secretary, 1 interpreter and 1 driver
- 9 Games of Chance Dept and 131 Agencies in Lottery's points of sale.
- 17 Slot Machine Dept. and 37 Agencies
- 37 Financial Dept.
- 29 Administration and Legal Dept.
- 3 Bingo Centre
- 3 Trading Dept.
| Governing Bodies of the Company |
The Lottery of Macedonia is run by a 5 member Managing Board and 3 member Supervisory Board.
| International cooperation |
The Lottery of Macedonia is a member of WLA (World Lottery Association) and European Lotteries (European Association of State Lotteries).
| General evaluation of the Company's operations in 2000 |
During the NATO strikes in the neighboring Yugoslavia, the country faced the problem of huge number of refugees from Kosovo resulting in significant fall of the turnover of games of chance. Nevertheless the management team overcame the problems and successfully completed the financial year.
In accordance with the latest amendments in the Law on Games of Chance the State prescribes licenses for operating games of chance to be granted on a public bidding. The starting price for the licenses will be prescribed by the Government. The latest Law also provides for implementation of interactive games of chance via telecommunication media (gaming on the Internet etc) which has not been present so far in the lottery business in Macedonia.
During the year of 2000, two foreign companies expressed their interest in becoming strategic partner of the Lottery of Macedonia - a lottery operator from Bulgaria and a company involved in lottery business from Greece.
The LOTTERY is interested to proceed with the modernization of its operations, to install an on-line system for the management of its operations, to introduce new lottery games, fixed odds betting and other games of chance. |
