Lotto licence feud rages

THE impasse between a lottery and gaming company, Mashonaland Turf Club (MTC) and the President’s Fund over a lotto licence, has taken a new twist with the latter approaching the High Court to challenge a recent arbitration order allowing MTC to sue over the termination of their business agreement.

According to court papers, sometime in 1999, MTC and the Presidential Fund entered into an agreement in which the former was appointed to operate a lotto gaming business on behalf of the latter. The agreement was thereafter amended and executed by the parties in 2014.

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