Russian Club Seeks Help Finding Sponsor Official Says Russian GP Will Go Ahead Future Of Rio Olympic Golf Course Unclear Bach: Hosts Must Prove Sustainability Olympic Notes OCA: Middle East Ready To Host Olympics S. Korea To Support N. Korean Delegation Indian Ministry Slams IOA For Funding Rio Games Organizers Unveil Ticket Prices IPC Says No Decision Yet On Pistorius
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/June 20, 2013/Olympics
Sochi Organizing Committee Sues Official Lottery Company Over Unpaid Licensing Fees
Published June 20, 2013
GETTING EXCLUSIVE RIGHTS: The agreement also gave Sportloto, the sole lottery operator to obtain the Olympic status, the exclusive rights to the Olympic logos. The organizing committee said that the delay in collecting the license fees from Sportloto will not have any impact on preparations for the Olympics. Launched in '70, Sportloto was the most popular draw lottery in the Soviet era, when it was run by the government. Its popularity declined sharply in the '90s, but received a boost with the obtaining of the Olympic status.
(Vladimir Kozlov is SBD Global's Moscow correspondent)