Mongolian National Lottery Distribution of “Agency Agreements” to Retail Agents Monvest Group Expansion

Mongolian National Lottery (MNL), owned by license holder BizINVIN LLC and operated by Modern Capital Vest LLC, subsidiaries of Singapore based Monvest Group Pte. Ltd. (Monvest), launches the distribution of agency agreements to small, large businesses and marks the next phase of expansion in Mongolia.

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(PRWEB) January 25, 2014

Mongolian National Lottery (MNL), owned by license holder BizINVIN LLC and operated by Modern Capital Vest LLC, subsidiaries of Singapore based Monvest Group Pte. Ltd. (Monvest), launches the distribution of agency agreements to small, large businesses and marks the next phase of expansion in Mongolia.

Lottery outlets are previously deployed in the popular supermarkets like - Nomin supermarkets, Minii supermarkets and shopping malls that gained the popularity over the past 2 years. Feedback shows that most consumers prefer shorter distance to the convenient stores just few steps away from their apartment due to the cold weather here which is -20degree or lower. Working with agents/retailers is the fastest way to fulfill an area without lottery terminal and achieve significant boost in sales once operation commenced.

Monvest plans to roll-out 50 agency agreements to retailers for the first half of the year which will dramatically increase the number of sales points and maximize exposure throughout Ulaan Bataar. Applicants will be interviewed and evaluated in terms of location, customer traffic flow and population in that specific area to ensure the ability to generate sufficient financial return for MNL. Implementing a commission based program for agents allows MNL to deploy agent terminals in any possible stores nearer to consumers, accelerate in ticket sales and also provide incremental profits in retail turnover for the retail agents.

In Singapore, approximately over 200 lottery retail agents e.g 7eleven, Cheers, NTUC are all concentrated in just a small island and some outlets can be seen within 100metres distance from each other. Result shows that lottery retail agents over the world benefited from the commission paid and also increasing customers patronizing their stores.

With the aid of lottery agents, lower operation expenses can be expected.


Contact

  • Nixon Yap
    Mongolian National Lottery
    +852 61703406
    Email