K300m increase for National Gaming Control Board

The National Gaming Control Board has seen an increase of almost K300 million in revenue since its restructure six years ago, chairman Leslie Hoffman says.
Speaking at the launching of the board’s housing policy last Friday in Port Moresby, Hoffman said there was an increase in revenue generation from K2 million in 2009 to more than K300 million last year, which the organisation  capitalised on by supporting the government implement its policies and plans.
He said the board projected in its business plan for 2015-2017 to raise more than a billion kina.
“Looking at NGCB’s past records, it is achievable and requires the commitment and drive of the board, management, staff and leadership partners,” Hoffman said.
He said even though the organisation had been plagued with governance issues, challenges and criticism, there was a significant change in its operations over the last four years.
“Some immediate short-term achievements were proper process and procedures which were lacking for the last 15 years, good governance and diligence and improved legislations and policy guidelines for various codes in the gaming industry.” Hoffman said.
He said over the last 15 years, the board had been operating in obscurity, with minimum control over the gaming industry operations.
“We had undergone restructure of the organisation to improve services to our clients,” Hoffman said.
“It is a significant achievement of the board vision to aggressively take on challenges and put in place policies and guidelines to protect the gaming industry.”
“In going forward, the board and the management have initiated a step-by-step process towards realising the organisation potential in being a real contributor and partner in nation building,” he said.