The plane was dispatched under the directives of President Sheikh Mohamed
uae1 day ago
Popular weekly raffle draw Mahzooz has completed the application process for the lottery licence and is awaiting approval from the gaming regulatory authority, an official of the weekly draw said on Friday.
Suzan Kazzi, head of communications at Ewings (operator of Mahzooz), said: “The national lottery licence will be awarded to one raffle draw operator in the UAE.”
During the end of December 2023, the weekly raffle draws in the UAE, including Mahzooz and Emirates Draw, were told to pause their operations by the General Commercial Gaming Regulatory Authority (GCGRA), which was formed in September 2023.
“We (Mahzooz) were asked to submit our application to apply for the licence. However, we were told that only one raffle operator in the UAE will be awarded the lottery licence to continue the operations,” Kazzi said.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
According to Kazzi, GCGRA started accepting the applications in the third week of December 2023 and the deadline to submit the application was the first week of January. “Despite the holiday season, we submitted our application and we believe our track record and the number of winners and payout will help us get awarded the licence,” she added.
Kazzi noted: “We ceased our sales on January 1st, 2024, as directed by the regulators in line with our values of integrity and transparency and most importantly because we recognise the value in the regulators’ efforts towards creating a regulated and responsible gaming environment in the UAE”.
“We are optimistic regarding the national lottery license for several reasons,” underlined Kazzi, explaining: “We have proven track record of changing people’s lives through Mahzooz’s excellent performance for the past three years, during which we created 66 millionaires and gave away over Dh500 million to more than 2 million winners worldwide.
“We have reached more than 10,000 people through our CSR outreach program. Also, our existing customer base, infrastructure, team of international experts with over 127 years of combined experience from mature markets and network of partners can be leveraged to immediately start the new operations as soon as given the green light,” she added.
ALSO READ:
The plane was dispatched under the directives of President Sheikh Mohamed
uae1 day ago
He starts by talking about the UAE and how, ideally, all investors should make it their "priority" to invest in the Emirates.
uae1 day ago
The road will be partially closed from May 19 to June 9
uae1 day ago
One station is scheduled to return to service next week, after 'all necessary maintenance and testing jobs have been completed'
uae1 day ago
Individuals that are physically active tend to ignore mild pain, considering it a normal part of exercise or sports
uae1 day ago
The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae1 day ago
The fund is designed to finance the production of artistic and creative works in film, music, performances, and video games
uae1 day ago
This inclusive community service is available daily on Al Hamriya Beach from 6.00am to sunset
uae1 day ago