Georgian Lottery Company to be sold

Georgian Lottery Company to be sold

Georgia has decided to sell 70% share of the State Lottery company (GCL) with a starting price of 1000 GEL.

The company will be sold for a token value, due to a solid debt of more than 200 million lari. The non-governmental sector blames the Ministry of Finance and Economy for it, Business-Georgia reports.

70 % of the GCL was assigned to the state in 2011. 

(1 GEL = $ 0.4) 

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