Edetec-Mercury Wins Bid to Manage Lotto

Thursday, 23rd April 2009
Monrovia, Liberia - Edetec-Mercury, based in Freetown, Sierra Leone, has won the bid to take over and manage the gaming function of the Liberia National Lotteries.

Edetec-Mercury emerged as winner following a competitive bidding process involving seven international and local companies which had earlier expressed interest in managing the gaming function of the Liberia National Lotteries.

Following the selection process, the next stage for Edetec-Mercury is to begin negotiations for a management agreement.

The signing of the management agreement will grant Edetec-Mercury the exclusive right to conduct lotto and other number-related games in Liberia on behalf of the Liberia National lotteries.

According to the Bid Evaluation Panel constituted by Vice President Joseph N. Boakai, who exercises oversight responsibility over the Liberia National Lotteries, the winner of the bid has promised to introduce new competitive games to make the lotteries more robust and profitable.

Edetec-Mercury, according to the Panel, has also consented to negotiating and settling debts owed previous winners and other liabilities of the Liberia National Lotteries.

The bidding process was conducted by the Procurement Committee of the Liberia National Lotteries and guided by the National Investment Commission (NIC).

Negotiations for the management contract are expected to be concluded in the next several weeks.