Govt. Closes Down Mercury Liberia Betting Company

The Government of Liberia, through the National Lottery Authority (NLA), has with immediate effect terminated the Lottery Management Agreement with Mercury Liberia Incorporated for the operation of ‘Games of Chance’ and betting in Liberia.

According to a release from the NLA, the Operating License of Mercury Liberia Inc. is being revoked in line with Article 26.1 Section-A of the Amended NLA Act of December 2014.

Authorities of the NLA say the agreement was terminated due to default on the part of Mercury Liberia Inc. in paying legitimate fees to Government and for unceremoniously halting operations in Liberia since 2014.

According to the NLA, this behavior contravenes the 2002 Investment Agreement between the NLA and the company as well as the National Lottery Authority Amended Act which obligates companies licensed by the Authority to remain viable and operational in the country.

The NLA release further explained that Mercury Liberia Inc., which began operations in 2002 but ceased operations in 2014 during the Ebola outbreak, was making no attempt to resume operations despite the fact that other companies and institutions in the gaming sector also affected by the Ebola crisis have since resumed full operations.

Meanwhile, the Lottery Authority is assuring the public that Betting Companies and organizations operating ‘Games of Chance’ in the country will continue to be seriously monitored, regulated and that any entity failing to comply with the NLA Act of 2014 will be checkmated.

In a related development, NLA Managing Director Martin S. Kollie has clarified that although Mercury Liberia Inc. has ceased operations in Liberia since 2014 coupled with the revocation of its Operating License recently by national government; no member of the public has complained of any indebtedness or

liability owed them by the company.

Kollie assured that the NLA will do everything in line with the NLA’s Amended Act of 2014 to protect the public interest against foreign investors once their claims are legitimate.

He noted that the Authority is now open to listen to any legitimate claims against Mercury Liberia Inc. following Government’s public declaration of the termination of the company’s agreement

(Visited 127 times, 1 visits today)

Be the first to comment

Leave a Reply

Your email address will not be published.


*