IGT-led LottoItalia wins proposed Italian Lotto concession with €2.23bn bid
IGT said the judging commission will propose its consortium, LottoItalia, as winner of Italy’s next Lotto concession, with the decision to be submitted to ADM. The bid includes a €2.23bn upfront fee, payable in three instalments, and a nine-year term running to November 2034; ADM is expected to announce the award within 35 days.
The proposed nine-year concession would give IGT’s consortium a long operating term in exchange for a substantial upfront fee.