Lottomatica consortium faces Italian Lotto challenge from Stanleybet

Lottomatica consortium faces Italian Lotto challenge from Stanleybet

Wednesday, April 20, 2016 Totally Gaming
Lottomatica consortium faces Italian Lotto challenge from Stanleybet

Despite having only been granted a concession for the Italian Lotto game earlier this week, a consortium led by IGT subsidiary Lottomatica already faces a legal challenge from rival operator Stanleybet.

The Lottomatica-led consortium landed the deal after a bid of €770m ($874.6m) in upfront concession payments was provisionally accepted by Italian regulator Agenzia delle Dogane e dei Monopoli. The consortium expects the nine-year deal to be finalised during the second quarter of this year.

However, the group has been dealt an early blow as, just days after provisionally securing the deal, Stanleybet has declared its intention to challenge the awarding in the Italian courts.

In a post on its website, Stanleybet reacted angrily to the decision and outlined its plans to launch a legal challenge.

The statement said: “The award was made fast as lightning to the outgoing – and immediately re-entering – evergreen monopoly provider Lottomatica. Italian authorities ignored the warning to wait for the upcoming judgment of the Latium Regional Administrative Court, which was expected to rule on Stanley’s challenge seeking the annulment of the tender. We will challenge the award in the Italian courts.”

TotallyGaming.com says: “The legal challenge will come as a significant blow to the consortium which is yet to have the concession fully approved by authorities. Should the legal challenge prove successful, Lottomatica and its various partners will have to consider their options.”

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