From Yahoo Finance: 2025-05-19 10:48:00

International Game Technology PLC (NYSE: IGT) has been recommended for the Italy Lotto License by the Judging Commission, with final approval expected from ADM in the next 35 days. The consortium led by IGT proposes a €2,230 million upfront license fee, with payments spread across 2025 and 2026.

IGT CEO Vince Sadusky highlights the strategic importance of the €2,230 million investment, anticipating revenue and profit growth. Allwyn Entertainment will contribute a share of the license fees and capital expenditures, while IGT will retain operational control of the business. The Italian Lotto license has been managed by IGT for over 30 years.

CEO Marco Sala emphasizes the significance of the concession, calling the Italian Lotto one of the most prestigious lottery contracts globally. The consortium, including Allwyn and Novomatic Italia, showcases a diverse range of sports betting options through digital kiosks. The move is expected to drive revenue and profit growth for IGT in the future.

Read more: IGT-Led Consortium Secures the Italy Lotto License