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IGT and Scientific Games withdraw from Brazil lottery concession

7th October 2020 8:41 am GMT

Brazil’s instant lottery business LOTEX is in jeopardy after US lottery giants IGT and Scientific Games announced Tuesday that they are withdrawing from the 15-year concession to operate the games.

The LOTEX instant lottery scratchcard business was authorised in 2015 by the government of then president Dilma Rousseff as a way of raising funds for Brazilian football clubs and has since been expanded beyond football, with the business subject to a number of privatisation attempts since [...]

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