In a public notice released on Thursday, RDB said the decision follows the company's failure to meet its contractual and regulatory obligations.
'Effective immediately, Inzozi Lotto is no longer authorized to operate the National Lottery in Rwanda,' the notice read.
The RDB assured players who have winning claims that they are still entitled to their prizes, with Inzozi Lotto remaining fully responsible for paying all outstanding valid winnings.
The National Lottery and Gambling Commission along with RDB are expected to supervise the process to ensure fairness and compliance.
The announcement also confirmed that RDB will soon begin a competitive process to identify a new operator or operators for the National Lottery. This process, according to the board, will follow strict principles of transparency, accountability, and safeguarding the public interest.
RDB reminded all companies in the gaming and gambling industry that they must strictly comply with the country's laws and regulations governing the sector.
IGIHE
