International Game Technology Plc. announced that its consortium has won the provisional award of the nine-year Italian lottery contract. Final notification will follow later this quarter, the company said.
The action drew an immediate lawsuit from StanleyBet, a British subsidiary of Genting Malaysia, which alleges that the consortium was the only bidder for the contract because the specifications were tailor-made for it.
The company is suing in the European Union’s Regional Administrative Court and says it’s willing to take the case all the way to the European Court of Justice.
Under the contract, the consortium will make concessions payments of €770 million, with likely installments of €350 million and €250 million this year and the balance next year, IGT said.
In addition, the consortium will invest €130 million in new terminals with 25 percent to be delivered this year and 75 percent next year. TransAct Technologies has been the exclusive provider of printers for IGT terminals.
IGT’s Lottomatica owns 61.5 percent of the consortium, SAZKA and Emma Capital’s Italian Gaming Holding 32.5 percent, Arianna 4 percent and Novomatic 2 percent.
