LOXLEY Jumps 14% after the Supreme Court Orders Lottery Office to Pay ฿1.6Bn Compensation
LOXLEY soared more than 14% after the Supreme Court ordered the Government Lottery Office to pay 1,645 million baht of compensation.
The share price of LOXLEY closed ฿0.36/share or 14.63% higher and closed the morning session on May 27, 2021, at ฿2.82/share after the Supreme Administrative Court gave a verdict and ordered the Government Lottery Office to pay a compensation to Loxley Public Company Limited (LOXLEY) at a value of 1,645 million baht with interest at the rate of 7.5% per year from the date of the lawsuit filing until 10 April 2021 and subsequently at the interest rate of 3% plus an additional 2% charge until payment is made in full.
The order came after the the Supreme Administrative Court commented that the Government Lottery Office could not operate an online lottery for the last two and three digit game according to the degree of establishing the Government Lottery Office.