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Brazil awards Lotex tender to IGT and Scientific Games joint venture

23rd October 2019 7:39 am GMT

The Brazilian government has awarded a fifteen-year licence to operate the Lotex instant lottery to a joint venture between rival suppliers International Game Technology and Scientific Games.

Following the reopening of a tender process last month, Consórcio Estrela Instantânea will pay the government R$817.9m (€178.8m) for the tender, comprising an initial payment of R$96.9m and seven additional annual fixed installments of R$103m.

It is estimated that during the concession period, the government [...]

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