Reports MOLDOVA - MARKET REPORT
Te lottery launched six types of lottery tickets and sells around 1.5 to two million tickets per month.
NGM SPC is owned by Bulgarian gaming czar Vasil Bozhkov, a controversial businessman nicknamed the ‘Skull’ who has dominated Bulgaria’s gaming business since the early 1990s. He led the lottery with fellow Bulgarian, Plamen Stefanov Milanov.
Bozhkov was arrested in Dubai last year following allegations of money laundering, fraud and organised crime links and since January 2020 has not had any links with the NLM.
Meanwhile at the end of last year the General Prosecutor’s Office initiated a criminal case investigation into the ‘privileged business’ of the National Lottery of Moldova after it was alleged that the lottery pumped millions of rubles into politician Vlad Plahotniuc’s affiliated television channels under the guise of ‘advertising’. Lottery products were promoted via 13 TV stations and seven radio stations.
Te NLM TV show was launched on Prime TV by General Media Group Corp which was founded by Plahotniuc. Tis company also owns other TV
Highly influential politician Plahotniuc has often been cited as the ‘real ruler’ of Moldova. He was Chairman of the Democratic Party at the time whilst the lottery show was hosted every Sunday via his TV channel. He fled Moldova in 2019 when he was pushed out of parliament during a government shake up and sought political asylum in the US.
channels which promoted the sale of lottery tickets sold in gas stations, post offices, kiosks and bookstores.
It was alleged that Prime TV received around €350,000 from NLM for six months TV advertising.
It was said that between 2017 and 2019 around LEU400m (€20m) was missing from what should have been the state’s funding from the lottery.
Highly influential politician Plahotniuc has often been cited as the ‘real ruler’ of Moldova. He was Chairman of the Democratic Party at the time whilst the lottery show was hosted every Sunday via his TV channel. He fled Moldova in 2019 when he was pushed out of parliament during a government shake up and sought political asylum in the US. He was also linked to Ilan Shor’s ‘Teft of the Century’.
Meanwhile, under the partnership agreement P150 WIRE / PULSE / INSIGHT / REPORTS
the NLM should receive 75 per cent of the revenues and the private partner 25 per cent. It is understood that in reality the split of profit was around 11 per cent to the state and 89 per cent to the private partner.
Between October 2018 and May 2019 lottery tickets worth LEU325.98m were sold in Moldova. Of this amount LEU39.5m went to the NLM and LEU81.5m to the private partner.
Te prosecutor has estimated that the public budget has missed out on revenues amounting to around LEU400m. In May this year the Public Property Agency (APP) announced the opening of the position of General Manager of the NLM.
According to a report by
infomarket.md the amount of lottery tickets sold in 12 months between the end of 2018 and 2019 amounted to LEU537m ($30.7m).
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