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Tag Archives: Lotex

Brazil – IGT and Scientific to split Brazil’s instant lottery contract for Lotex

The Brazilian instant lottery Lotex will be split between two of the gaming industry’s biggest names; International Game Technology and Scientific Games. The two are likely to split the $200m scratch card contract with a launch by September 2020. Walter Bugno, IGT CEO International and Pat McHugh, Scientific Games, EVP & Group Chief Executive, Lottery,…

Brazil – Rules for Lotex tender changed again

The Brazilian government has decided to relax the rules of the licensing process for the instant lottery Lotex. New regulations were published in the Official Gazette in a resolution by the Investment Partnership Program (PPI) which modifies two central points of the bidding document: namely the payment of the concession amount and the experience that…

Brazil – Lotex licence delayed again as Brazil’s Government look for more bidders

After seven attempts, the Brazilian government has decided to relax the rules for the concession for the instant lottery LOTEX. Now the government plans to re launch with an announcement expected in August which they say will attract the interest of at least 30 companies. After the successive presentations of LOTEX to international investors (during…

Brazil – Tender for Lotex delayed for fifth time

The Brazilian Development Bank (BNDES) has delayed the tender for the instant lottery LOTEX for the fifth time. BNDES has set a new date for the tender in order to give potential licensees more time in order to take part, clarify any doubts they might have and deliver their proposals along with any other documents….

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 – Lotex announces road shows in Brazil ahead of sell off

The Brazilian Development Bank (BNDES) has invited companies interested in bidding for Instant Lottery Lotex to road shows, which will take place in Sao Palo and Rio de Janeiro. BNDES has called on local and foreign companies to participate in further meetings with ministry officials in order to clarify any last questions before bidding for…

Brazil – State lotteries warn of legal action in Lotex sell-off

Both the state lotteries of the state of Rio de Janeiro and the state of Piauí are taking action in the Supreme Court (STF) to suspend the privatisation of Lotex the instant lottery division arm of the lottery. The lawsuit was filed on May 5, at the STF as both the lotteries of Rio and…

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 – Brazil’s new government confirms it will sell off Lotex

Brazil’s new president Michel Temer has announced that his government’s multibillion dollar plan to lift Brazil out of recession will have a direct impact on the gambling industry. As part of a new plan dubbed “Project Growth” which is designed to kick-start the economy and secure investment, the new government will seek to privatise assets…