Walter Bugno, IGT CEO International and Pat McHugh, Scientific Games, EVP & Group Chief Executive, Lottery released the following joint statement regarding the LOTEX Concession in Brazil:
“The award of the Brazilian LOTEX concession represents an important step towards the privatization of lottery instant games in Brazil, the world’s eighth-largest economy. We are excited and honored by this opportunity for IGT and Scientific Games to help define the evolution of instant lottery in Brazil through a 50-50 joint venture over the next 15 years. This business partnership will benefit the people and government of Brazil and brings together the vast experience and market leadership of global leaders in the instant game market to help position LOTEX for success.”