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Jan 18, 2023

Brads Responds to Submission of Audited Financials for Lotteries

On January thirteenth, attorneys for Brads Gaming Group Limited responded to a letter written by the Lotteries Committee in which several concerns regarding non-compliance with an existing contract were raised.  Those concerns also included the late submission of audited financial statements.  Referring to a particular clause in the contract, the rejoinder from Barrow and Williams, on behalf of Kim Chee, states that the late submissions were in no way caused by Brad Gaming.  An independent auditor that was approved by the Lotteries Committee did not complete the assessment in a timely manner and, since it was beyond the B.G.G.L.’s control, the late submissions cannot constitute a failure for which the company is responsible.

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