Pools Betting Licence

Applicants will be granted license to carry out any form of Pools Betting Business in Imo State upon the completion of the following requirements;

1. Letter of expression of interest.

2. Completed Imo State Lotteries and Gaming Authority Application form

3. A non-refundable Application fee of N200,000 (Two Hundred Thousand Naira)

4. Evidence of the following Documents:
    – Certificate of incorporation
    – Memorandum and Article of Association
    – Detail of share capital as in (Form C02) with a minimum N20,000,000
    – Detail of directors (Form C07)
    – Address of registered Business Office(s)

5. General Business Structure:
    – Names and profile of key management staff and directors
    – Three years tax clearance certificate of all directors
    – Address of planned locations, branches and outlets. These must be lock-up shops; kiosks and mobile vendors are not allowed.
    – Description of operation and management structure.
    – Marketing and distribution plans.

6. Financial Structure:
    – Management account(s) of the organisation
    – Company’s Bank Statement for the last financial year
    – Three (3) year projection; statement of income, statement of financial position, tax obligations, operating expenses and third-party supplies
     – Capital Budgets and financial plans. i.e., source of finance, foreign investment and terms of investment (If Any)
     – Bank guarantee minimum of N20,000,000 (Twenty Million Naira)

7. Detailed presentation of proposed Pools Betting operation with emphasis on:
    – General operations
    – Applicable odds system
    – Price and price structure
    – Frequency and number of draws
    – Proposed/existing brand name, emblems, trademarks, logo and colours
    – Applicable code of participation/game rules

8. Technical Structure: This includes profile of technical service providers/partners, suppliers and
Others; (Where Applicable)
    – Web designer and host providers
    – Data base and back up servers
    – Manufacturers of Hardware, draw machines, terminals
    – Detail on software including but not limited to operating system, and data base application structure
    – Detail of firewalls, routers and security features
    – Redundancy implementations (IF ANY)

9. Visit www.imolga.org to complete your registration online.