International Game Technology's Subsidiary Forays Into The Brazilian Lottery Market
Portfolio Pulse from Lekha Gupta
International Game Technology's (IGT) subsidiary, IGT Global Solutions Corporation, has partnered with Scientific Games and SAGA Consultoria to operate an instant and passive lottery in the State of Minas Gerais, Brazil. The 20-year agreement grants the consortium an exclusive license for lottery operations in the state, with an option for a 20-year renewal.
June 13, 2023 | 2:20 pm
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IGT's subsidiary has entered the Brazilian lottery market through a partnership with Scientific Games and SAGA, securing an exclusive 20-year license for lottery operations in Minas Gerais.
IGT's entry into the Brazilian lottery market through this partnership expands its global presence and creates new opportunities in the region. The exclusive 20-year license for lottery operations in Minas Gerais, a state with a population of 21 million, is likely to have a positive impact on IGT's revenues and growth prospects in the short term.
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