Will LOXLEY Win the Online Lottery Dispute!?

The investors who are fascinated with (lottery) LOXLEY or Loxley Public Company Limited finally get a chance to come back to scour the tree trunk and put the powder on anthill(a ritual to forecast a lotto number) with the delighted heart once again in hope of LOXLEY will win a online lottery (again).

The new hope of winning a lotto becomes the talk of the town when the Government Lottery Office (GLO) gives a signal of ready THB 1,400 million payment in the case of losing a lawsuit to LOXLEY from the Supreme Administrative Court which is expected to have a ruling around the third quarter of  2019.

If LOXLEY actually wins the case that means LOXLEY has won the prize of online lottery and received all of the money amounting THB 1,400 million or at least THB 1,000 million as in the order of Administrative Court.

Moreover, LOXLEY also gets a chance to win an indirect prize from the latest of the Government Lottery Office Act (amended edition) which is more open to the new style of the ticket including the last 2 and 3 digits, online ticket, or buying the ticket through the computer.

Let’s get into the point of the “Online Lottery Lawsuit”. Starting with Loxley GTECH Technology Co., Ltd. (LGT), a subsidiary company of LOXLEY, lodged the GLO to proceed the project of selling lottery ticket online as in the agreement and claimed for the compensation of THB 6,000 million. An agreement of the Online Lottery Project had been signed and approved since 29 July 2005 but the project was delayed and canceled which made LOXLEY lodged to the administrative court in 2011.

Until the end of June 2018, the administrative court ordered GLO to compensate LOXLEY in the amount of THB 945.65 million with 7.5% of interest per year starting from 7 April 2005 until all the compensation has been fully paid.

Let’s wait for one more shot on the ruling from the Supreme Administrative Court!

The latest of the Government Lottery Office Act (amended edition) that had already announced in Royal Thai Government Gazette (Government Gazette) on 23 May 2019, reflected quite a lot of positive condition to LOXLEY! Rumor had it that LOXLEY previously proposed to GLO that if the new Government Lottery Office Act (amended edition) opened and legitimated an online lottery, LOXLEY offered to continue the project in exchange of dismissing all of the lawsuits.

This situation is quite similar to the case of BEM and EXAT…!!

Interestingly, if the Supreme Administrative Court maintains the ruling of the Central Administrative Court’s judgment, LOXLEY will at least get an upper hand to choose between a big-time payment or a continuation of online lottery project under the renewed Government Lottery Office Act.

It is time to dare the committees of Government Lottery Office and the new government, what will be the solution to this matter?

However, everything will be in vain, if the Supreme Administrative Court rules against LOXLEY!

This time the “scour the tree trunk and put the power on anthill” might not be able to help to win a lotto.!!