October 15th, 2008
topics:

Demján, Hungarian property mogul, hopes to strike it rich in Russian lottery

By

Details of entrepreneur Sándor Demján’s €200 million investment in the Russian state lottery will be announced today at Moscow’s Ritz Carlton Hotel. Demján has set up a new company, Orglotto, for the project, in which he will co-operate with Russia’s Orglot.

Orglot will organise Russia’s first federal lottery, named “Goslotto.” Orglot plans to pay 27 billion roubles (Ft 192.5 billion) by 2015 to a special fund to support sports in Russia.

Demján will buy Gazprombank’s stake in Orglot, becoming its majority owner. The Russian state remains a minority owner. Former employees of Hungarian state gaming company Szerencsejáték will also work for Orglot in Russia.

Topics
Share
Comments
The All Hungary Media Group is firmly committed to freedom of expression and therefore applies a mostly "hands off" approach to comment moderation. Comments left by readers represent their own views and do not necessarily reflect the opinions or beliefs of the staff, editors or owner of the All Hungary Media Group, who nonetheless reserve the right to remove comments that are off-topic or which moderators consider to constitute "hate speech." Also note that in order to prevent spam we generally close entries off to comments several days after publication.

Comments are closed.