Regarding the recently announced LOTEX Concession, the executives from both leading international companies said:
“The award of the Brazilian LOTEX concession represents an important step towards the privatization of lottery instant games in Brazil, the world’s eighth-largest economy.”
“We are excited and honored by this opportunity for IGT and Scientific Games to help define the evolution of instant lottery in Brazil through a 50-50 joint venture over the next 15 years.”
“This business partnership will benefit the people and government of Brazil and brings together the vast experience and market leadership of global leaders in the instant game market to help position LOTEX for success.”
Yesterday, in Sao Paulo, the Estrela Instantânea Consortium, through accredited participant Ativa Investimentos composed by leading firms IGT and Scientific Games, presented the only proposal with an initial installment of R$ 96.969.123,51 (U$S 23.5m), and will operate LOTEX nationwide, through physical retailers and electronic channels such as internet and smartphones, for the next 15 years. The service was operated by Caixa until 2014.
Source. GMB
