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Banestes Loteria targets year-end launch as it selects operating partner

Deals & M&A

Banestes Loteria expects to begin operating by the end of 2025 in Espírito Santo, while its parent bank Banestes selects a partner to run the lottery and provide technology. The company received three consortium proposals earlier this year, and CEO Amarildo Casagrande said the selection process was continuing.

The partner selection will determine the technology and operating arrangement for Espírito Santo’s planned lottery.

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