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Tag Archives: Caixa

Brazil – IGT and Scientific walk away from Brazil’s instant lottery concession

IGT and Scientific Games have confirmed they are withdrawing from the licence to run Brazil’s national instant lottery concession. Having been jointly selected to run the LOTEX Concession in October 2019, the companies have been unable to strike a deal with CAIXA Econômica, the group behind the largest lottery outlet in Brazil, a deal that…

Brazil – Brazil facing another delay for Lotex sell off

The Brazilian Development Bank (BNDES) has delayed the tender for the instant lottery LOTEX for another month. BNDES via The Federal Official Gazette informed potentially interested parties that they can make requests for clarification up until April 1, while the new deadline for the submission of proposals and other documents necessary to participate in the…

Brazil – Caixa to sell off Brazilian lottery as part of Initial Public Offering

The President of Brazil’s largest state owned bank and lottery operator – the Caixa Econômica Federal (CAIXA) Pedro Guimarães, has announced that he intends to sell all of the assets that are not part of the bank’s main activity. The intention is to sell in principle a minority share of the shares, between 10 per…

Brazil – Online lottery sales platform shows strong results for first month

The newly launched expanded online arm of the Caixa lotteries has shown better than expected results for its first month. According to National Manager of the Caixa Lotteries, Rodrigo Hideki Hori, during the first month the total average purchase stood at R$600 thousand per day and the average ticket spend stood at R$50 which accounts…

Brazil – Caixa Lottery records slight decrease

Betting on lotteries declined slightly according to the largest state owned bank and lottery operator – the Caixa Econômica Federal. Lotteries generated R$731 m (US$176,772,000) in the second quarter of 2018, according to a statement released by the bank. Caixa reported that the figure meant a decrease of 1.7 per cent per cent compared to…

Brazil – Lottery betting on the rise in Brazil

Betting on lotteries is on the rise according to the largest state owned bank and lottery operator – the Caixa Econômica Federal. Lotteries generated R$3.3 billion (US$966,801,000) in the first quarter of 2018, according to a statement released by the bank with the volume of bets exceeding expectations. Caixa reported that the figure meant an…

Brazil – CAIXA wants to be regulatory body over Brazil’s gaming industry

Gilberto Occhi President of the largest state owned bank and lottery operator – the Caixa Econômica Federal (CAIXA) said that the bank wants to act as the supervisory body of both land based and internet gambling in Brazil. Occhi said that the legalisation of gaming could generate around R$20bn per year and that online gaming…

Brazil – President predicts Lotex sale by end of year

According to the Gilberto Occhi President of the largest state owned bank and lottery operator – the Caixa Econômica Federal (CAIXA) – the instant lottery division arm of the lottery will be sold off by the end of this year. “The deal is moving forward, I think we’re going to obtain the sale by December,”…

Brazil – CAIXA lottery revenues decline in Brazil

The collection of funds generated by lotteries by the largest state owned bank and lottery operator – the Caixa Econômica Federal (CAIXA) are down according to the Secretary for Economic Monitoring. Funds generated by CAIXA lotteries reached R$12.8bn a 13.8 per cent decrease compared to last year when the figure stood at R$14.9bn. According to…