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Court orders lottery office to pay ฿1.65 bn compensation for failed online lottery project

13 Sept 11:49 Key points summarised by AI

The Supreme Administrative Court ordered Thailand's Government Lottery Office (GLO) to pay Loxley Public Company ฿1.65 billion in compensation for a failed online lottery project.
The compensation covers ฿1.04 billion in damages and additional costs for maintaining lottery machines, concluding a decade-long legal dispute.
The court found Loxley fully complied with its contract, installing all 6,761 lottery dispensers and training dealers, with the GLO formally receiving the machines.
The GLO was deemed at fault for not initiating the online lottery service, failing to terminate the contract, or reporting any breaches by Loxley, leading to the contract's cancellation effective April 7th, 2011.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.