IGT-Led Consortium has completed Italy Lotto License technical analysis
If granted, the license would be awarded through November 2034.
Key Points
- The license is for a nine-year term
- A decision is expected to be made in the next 35 days
A judging commission led by IGT has finished its technical and economic analysis for the Italy Lotto License. The commission will propose a to the Agenzia delle Dogane e dei Monopoli (ADM), comprised of Allwyn, Arianna 2001 and Novomatic Italia, called LottoItalia.
ADM is expected to make an award notice within the next 35 days. The awarded license is for a nine-year term and would secure the business until November 2034.
IGT Executive Chair of the Board Marco Sala commented, “The Italian Lotto concession is one of the world’s most important lottery contracts. IGT and its predecessor companies have successfully managed the license for 30+ years through constant innovation and the introduction of cutting-edge technology.
“The award is very gratifying, and we are honored and excited to continue working with the ADM for nine more years.”
A $2.51bn upfront license fee is part of the consortium’s bid and will be payable in three installments. The payment schedule will range from the time the award is issued until April 2026.
IGT said it expects the first two installments will be paid for this year, and the final one to be paid next year.
Good to know: This latest successful licence bid has come at the expense of Flutter, who was also in competition to take over the Italian Lottery contract via its subsidiary organisation, Sisal
Company CEO Vince Sadusky said, “The investments in upfront fees reflect the significant value of the new license and IGT is confident that the investment will enhance our revenue and profit potential.
“The exciting innovation pipeline with fresh launches planned for commencement of the new license will drive Lotto wager growth. In addition, we plan to significantly grow our iLottery sales and leverage that momentum to expand into the Italian B2C iCasino, sports betting, and other digital gaming business.”
Also speaking on this latest Italian lottery update was Robert Chvatal, Allwyn CEO, commented: “We’re thrilled to continue our strong partnership with IGT in Italy for another nine years. We’re pleased that Allwyn’s positive contribution to the consortium, including our proven track record of modernising and growing lotteries across Europe, will continue to support IGT’s exemplary stewardship of an important Italian national asset. We look forward to working together to grow the Italian Lotto, while developing innovative solutions to support responsible play.”
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