MIÉ 1 DE MAYO DE 2024 - 17:16hs.
After absence of interested

Ministry of Economy to make LOTEX's public notices more flexible to attract investors

Facing the absence of interested parties, the Brazilian government decided to suspend the LOTEX concession process this week (on Monday 27th). Now, the Ministry of Economy itself anticipates that 'in the coming months, we will consult the market and the control bodies in order to make more flexible the public notices until now in force to attract potential interested in operating the instant lottery modality throughout the national territory.'

In the last Lottery Market Monitoring Report, the Secretariat for Evaluation, Planning, Energy and Lottery (SECAP) reports:

On May 28, 2019, the Exclusive Instant Lottery (LOTEX) concession auction was scheduled to be held. However, there was no interest in exploring the instant lottery through physical and electronic channels throughout the country for the next 15 years.

Faced with the absence of interested parties in a bidding process that had been going on for approximately two years, the government decided to suspend the LOTEX concession process.

In the coming months, we will consult the market and the control bodies in order to make more flexible the public notices until now in force to attract potential interested in operating the instant lottery modality throughout the national territory, with the essential premise of establishing competition in the national sector of lotteries.

On April 27, the Special Secretariat of the PPI (Investment Partnerships Program) assured that "in the absence of proposals, the government will dialogue with the market and evaluate the alternatives available to decide the next steps, based on the premise of the market and implementation of competition in the national lottery sector."

Source: GMB