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National Lottery Sports Lotteries

Company

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Owners:
VTB Bank - 49%

Content

Owners

"National Lottery" is a state lottery organized by the Ministry of Finance and the Ministry of Sports of the Russian Federation.

History

2022: VTB received 49% in Sports Lotteries

As it became known on June 9, 2022, VTB received 48.5% in the operator of all-Russian state lotteries LLC Sports Lotteries. Another 0.5% belongs to VTB Capital Ai Bi Holding LLC. Such data are contained in the Unified State Register of Legal Entities (USRUL).

Changes in the structure of ownership of the operator in the Unified State Register of Legal Entities are dated June 6, 2022. Previously, 99% of the operator's shares belonged to Umar Kremlin, President of the International Boxing Federation (IBA), who was re-elected in May. As explained in the press service of VTB, the bank's share in Sports Lotteries was received due to the conversion of the loan.

VTB received 49% in the operator of all-Russian state lotteries
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For VTB, which has supported sports for more than 20 years, it is important that deductions of 10%, according to a state contract, are made for the development of sports in Russia, the credit institution said in a statement.
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Earlier, VTB Group and Sports Lotteries LLC entered into a long-term investment agreement on cooperation in the development of the lottery business. At the same time, the details of the contract were not disclosed. VTB only noted that "targeted deductions from these lotteries will be directed to the development of sports in the Russian Federation, to finance socially significant objects and events."

As Interfax notes, VTB and Umar Kremlev are developing another joint project by June 2022 - Modern Payment Solutions JSC, which, in turn, bought out the Mobile Card NGO. The latter is a single center for accounting for the transfer of bets of bookmakers and sweepstakes.

In Russia, since 2014, all state lotteries. The organizers are the Ministry of Sports and the Ministry of Finance - they choose lottery operators and approve the conditions. OOO Sports Lotteries is one of the operators of sports lotteries, indicated on the website of the Ministry of Finance.[1]

Notes