IGT-Led Consortium Will Be Proposed to Be Awarded the Italy Lotto License Through November 2034

Core Insights - International Game Technology PLC (IGT) has been proposed as the leading entity in a consortium for the Italy Lotto License, which is a significant lottery contract globally [1][2] - The consortium, LottoItalia, includes Allwyn, Arianna 2001, and Novomatic Italia, and the award notice from the Agenzia delle Dogane e dei Monopoli (ADM) is expected within 35 days [1][2] - IGT's CEO expressed confidence that the €2,230 million investment in upfront fees will enhance revenue and profit potential, with plans for innovation and growth in various gaming sectors [2] Financial Details - The consortium's bid includes a €2,230 million upfront license fee, payable in three installments, with the first two installments of €500 million and €300 million expected in 2025 [2] - The license term is nine years, securing operations until November 2034, with a concession rate of six percent on total wagers and an additional eight percent gross fee from digital channels [3] Strategic Plans - IGT aims to drive Lotto wager growth through an innovation pipeline and plans to significantly increase iLottery sales while expanding into B2C iCasino, sports betting, and other digital gaming businesses [2][3] - The operational control of the business remains with IGT, while Allwyn Entertainment will contribute a pro-rata share of license fees and capital expenditures [3]