IGT (Brazil) - Press Release: IGT Global Solutions Corporation ("IGT"), a subsidiary of International Game Technology PLC (NYSE: IGT) and Scientific Games, LLC ("Scientific Games") today announced that they, along with local partner SAGA Consultoria e Representações Comerciais e Empresariais S/A ("SAGA"), have formed a consortium and executed a concession agreement with the Minas Gerais State Lottery ("LEMG") to operate an instants and passive lottery in the State of Minas Gerais, Brazil.

The consortium will bring instant and passive games to players in the southeastern state of 21 million people where lottery games are the only form of legalized gaming. Currently, only Keno and a national draw game are offered in the state.

Terms of the 20-year agreement provide the consortium with an exclusive license for lottery operations in Minas Gerais, including instant games, a supporting instant ticket system and passive lottery games, with an option in the agreement for a 20-year renewal. IGT and Scientific Games will lead the consortium's operation of the instant ticket and passive lottery business in Minas Gerais, and will jointly provide printed instant games planning and production, while Scientific Games will supply the software and management system requirement.

"We are very pleased to enter the Brazilian lottery market through this partnership with Scientific Games and SAGA, leveraging IGT's decades-long experience operating some of the world's largest lotteries, along with best-in-class instant ticket and passive lottery solutions for player entertainment and good causes," said Jay Gendron, IGT Chief Operating Officer, Global Lottery. "This agreement enables us to expand IGT's global leadership in lottery and build upon our operational expertise while creating additional opportunities in Brazil through the launch of printed instant tickets and related services."

"We are excited to bring our 50 years of expertise in lottery instant games, analytics, systems and management services to Brazil through our partnership with IGT and SAGA. The sole purpose of our consortium is to build a lottery operation focused on maximizing revenues for LEMG's beneficiary programs," said Michael Conforti, Scientific Games President of International. "Players in Minas Gerais can look forward to world-leading instant scratch game entertainment delivered through an advanced, highly secure gaming system that serves both retailers and street vendors." 

The contract is effective June 9, 2023 and the consortium is expecting to launch instant games by the end of 2023.