Due to the fact that no tenders were submitted for the auction on June 25, the tender and contract drafts were amended. This time, it should be established that if there is an episode that causes an imbalance of the business, the company that wins the event may withdraw from the LOTEX concession until the date of signing the contract with the Brazilian government.
After listening to the companies' reasons for not presenting themselves in the last bid deadline, and with the cancellation of MP 841 (which was replaced by MP 846), that generated so much insecurity in foreign companies, the Secretariat for Fiscal, Energy and Lottery (SEFEL), the National Development Bank (BNDES), the Brazilian Court of Audit (TCU) and technical experts from the Investment Partnerships Program (PPI), consider that LOTEX can be relaunched with new edicts with modified conditions.
The studies prepared by the BNDES, concluded in August last year, defined a minimum grant value of R$ 542 million (us$132m). However, the LOTEX auction was canceled because it did not receive any proposal from the international companies that had expressed interest.
SEFEL and BNDES decided to continue with the privatization of the instant lottery and worked on the making of new edicts. They invited the big international companies interested in the Brazilian instant lottery to know the reasons for the lack of offers that happened on June 25th.
The auction of the so-called "scratch card" has suffered several delays, changes in grant values and rules, generally with the objective of attracting a large foreign operator to operate in Brazil and compete in the lottery segment with the Caixa Econômica Federal, which was obliged to stay out of the auction.
According to the bidding documents, the concession should be for 15 years, with a granted value of R$ 542 million (us$132m). The studies prepared by BNDES pointed to the possibility of a total collection, by the concessionaire, in the order of R$ 6 billion (US$1.45bn) since the fifth year of operation of the service.
Source: GMB
