Lutrija Crne Gore

Lutrija Crne Gore

Lutrija Crne Gore ad is the publisher of TV 7, Montenegrin TV with a regional frequency. The Montenegro Lottery was founded in 1960. In 1997, it was transformed from a public, state-owned company into a joint stock company. The public ownership share was sold by the state in a stock exchange transaction in 2005. The main activity of the Lottery of Montenegro company is the organisation of games of chance, and it is one of the founders and members of the Association of Lottery Organizations of Southeast Europe.

Key person behind the company is Sava Grbović known to the public by the nickname “Džigi.

Key facts

Business Form


Legal Form

Joint stock company

Business Sectors

Lottery games


Individual Owner

Media Outlets



Lutrija Crne Gore

General Information

Founding Year


Affiliated Interests Founder

Missing data




Address: Rimski trg 50

Phone number: +38220234520

Fax: +382 20 234 520;

e-mail: ·


Tax/ ID Number

(PIB): 02019230

Financial Information

Revenue (Financial Data/ Optional)

0.544 million EUR / 0.571 million USD

Operating Profit (in Mill. $)

- 0.500 million EUR / 0.525 million USD

Advertising (in % of total funding)

Missing data

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

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Meta Data

The data on the media company was collected from the Central Registry of business entities of Montenegro, Agency for electronic media,Central clearing depository agency, Tax administration portal Taxis, website of the media and desk research.
MOM team in Montenegro contacted the media outlet on August 18, 2023, as is the practice for Media Ownership Monitor, to invite the media owners to proactively disclose information relevant to the study.
The annual average exchange rate of the Central Bank for 2022 was used to convert EUR into USD (1,05).