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Italy’s Lotto award: price, politics and a regulator’s appetite for continuity
ADM has signed the 2025 to 2034 Lotto concession with LottoItalia, the long-standing consortium now led by Brightstar Lottery. The group will pay €2.23 billion in licence fees, commit to a multi-year programme of infrastructure and security upgrades, and maintain the operational backbone of a product that generates critical fiscal revenue for Italy. The tender attracted competing interest from groups including Flutter and Sisal, yet the award ultimately followed a familiar lo
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