IGT-Led Consortium Secures Italy Lotto License Until 2034 with €2.23 Billion Bid
International Game Technology PLC $(IGT)$ has announced that a consortium led by the company is set to be awarded the Italy Lotto License, securing operational control of the business until November 2034. The consortium, LottoItalia, includes partners Allwyn, Arianna 2001, and Novomatic Italia. The bid involves a €2,230 million upfront license fee, payable in installments through April 2026. IGT plans to make significant investments to enhance revenue, focusing on innovation and expansion into digital gaming sectors such as iLottery and sports betting. The official award notice from the Agenzia delle Dogane e dei Monopoli $(ADM)$ is anticipated within 35 days.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IGT - International Game Technology plc published the original content used to generate this news brief via PR Newswire (Ref. ID: LA90708) on May 19, 2025, and is solely responsible for the information contained therein.
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