XcelMobility Inc (XCLL)

[Monroe1]

China,from what I understand has the final say about this possibilitity and is leaning positively. XCLL should check this out.

"Myanmar’s Ministry of Planning and Finance submitted a new Lottery Bill to parliament earlier this month to oversee the operations of the state-owned Aungbarlay Lottery, which began life in 1938 under British rule and has been operating since then under somewhat ill-defined legislative guidelines.

The Lottery contributed over K30b ($22m) in revenue to the government’s treasury in fiscal 2015-16 and the government hopes to boost this figure to over K47b in fiscal 2016-17. Minister for Planning and Finance U Kyaw Win told the Myanmar Times that part of this increase comes from the bill’s introduction of an ‘e-lottery’ that includes online and mobile sales channels.

Providing technology and management of this e-lottery could involve international firms with experience in such matters. The Lottery Bill states that the Ministry “may, with the approval of the government, cooperate for mutual benefit with domestic and foreign companies or partnerships or individuals in accordance with existing laws.”

The new legislation also calls for harsh punishments for anyone selling lottery tickets without authorization, including prison sentences of three to five years and/or fines of up to K10m. Authorized lottery agents who charge customers anything over the designated price can be banged in jail for up to one year and fined K5m.