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Court backs Legislature and voids IGT’s Florida Lottery deal

8th March 2017 3:07 pm GMT

A Florida court has backed House Speaker Richard Corcoran in his case against the Florida Lottery and ruled that a contract awarded to International Game Technology (IGT) be declared void as the lottery had not obtained the required legislative approval to sign the long-term deal.

Corcoran, Speaker for the Florida House of Representatives, had taken injunctive action, arguing that the lottery did not have the authority to enter into the new deal – said to be worth $700m [...]

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