During a recent courtesy visit to the Betway office, the National Lottery Regulatory Commission (NLRC) lauded Betway for its notable commitment to compliance and contribution to employment opportunities within Nigeria’s gaming industry.
Betway, a prominent betting brand, has garnered recognition from the NLRC for its unwavering commitment to adhering to the gaming sector’s stringent laws and regulations. This comes amidst the evolving landscape of Nigeria’s betting industry, where staying compliant is paramount.
Representing the Director-General, NLRC, Mr Obi Iregbu, the Director of Licensing and Operations, led the NLRC delegation. He underscored the commission’s continued support for industry players alongside other esteemed officers. They aim to ensure these entities align with the federal government’s agenda to boost profits within Nigeria’s business sector.
Endorsement of Global Standards and Sustainable Practices
Otunba Kunle Olamuyiwa, Betway’s Chief Operations Officer, responded positively to the NLRC’s recognition. In a statement, Olamuyiwa expressed his gratitude for the commendation letter and the NLRC team’s visit, stating that it reflected Betway’s dedication to maintaining operations aligned with industry best practices.
Furthermore, Olamuyiwa praised the NLRC’s taxation approach based on gross gaming revenue. He remarked that such a policy aligns with international industry standards. This sentiment underscores commitment to responsible and sustainable industry practices by the top online betting site in Nigeria.
Continued Collaboration for a Brighter Future
In appreciation of Betway’s consistent compliance, the NLRC presented the betting giant with a commendation letter. The letter symbolises the NLRC’s gratitude and Betway’s unwavering dedication to industry standards.
The statement also mentioned Betway’s anticipation for the NLRC’s upcoming National Gaming Conference. Highlighting the importance of such events, Betway believes that these conferences play a pivotal role in determining the trajectory of Nigeria’s gaming industry.