Tag Archives: Lotex
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…
