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IGT and SG Withdraw from Brazil Lottery bid SOUTH AMERICA


IGT and Scientific Games have confirmed they are withdrawing from the licence to run Brazil's national instant lottery concession


On September 30, the Supreme Court paved the way for Brazil’s states to develop their own lotteries in competition with the national concession


BRAZIL LOTTERIES


Argentina - Casino Club wins 20 year licence Argentine casino operator Casino Club has won the licence to run the beachside Casino De Bariloche in Río Negro, a province in northern Patagonian Argentina, along with its two annexes in El Bolsón and Jacobacci.


The group was the only company who came forward in the tender for the casino, which operates out of the Panamericano Bariloche Hotel with 500 slots and 35 table games. The entire 341-strong workforce employed by the casino’s previous owner, Entertainments Patagonia, will be kept on.


The Government of Río Negro was due to sign the new concession contract in October. The licence for the Casino Club will be valid for 20 years and as part of the deal the operator has committed to building the Bariloche Bus Terminal.


Mexico - Yucatan gives casinos green light Casinos in the Mexican state of Yucatan reopened on October 20 having been closed for seven months. Eight casinos located in the city of Mérida in Yucatan, on the Gulf of Mexico, began operations with a curfew of 9pm.


The Yucatan Health Secretary (SSY) said: "These measures will allow us to boost economic reactivation, given the serious national economic recession that had already been brewing at the beginning of the year, and which was aggravated by the coronavirus pandemic."


Colombia - BtoBet agrees Betfair partnership BtoBet, recently acquired by Aspire Global, has announced an agreement with Betfair for the provision of its PAM and sportsbook platform.


“As one of the world’s largest international online sports betting brands, Betfair will become one of the first B2B partners to leverage BtoBet’s position in the market since its acquisition by Aspire Global.


"We are confident that we will become key players in the market by combining Betfair’s strong brand and extensive industry knowledge with our flexible technology,” explained Alessandro Fried, BtoBet’s Founder. The agreement also provides optionality for further expansion into other regulated markets in the future.


“We are excited about this planned partnership and the chance to offer a top-class betting experience to Colombian customers by combining BtoBet’s excellent Neuron 3 platform with Betfair’s trading and risk management capabilities,” commented Mike Woodbridge, Betfair's International Director regarding the deal.


P10 NEWSWIRE / INTERACTIVE / MARKET DATA


Having been jointly selected to run the LOTEX Concession in October 2019, IGT and Scientific Games have been unable to strike a deal with CAIXA Econômica, the group behind the largest lottery outlet in Brazil, a deal that both companies believe was integral to the success of the business model.


Walter Bugno, IGT and Michael Conforti, Scientific Games, said: “IGT and Scientific Games jointly participated in a bid for the award of the first national instant lottery concession in Brazil. Te parties were awarded the LOTEX Concession in October, 2019. Pursuant to the award, IGT and Scientific Games were required to satisfy certain conditions precedent for the execution of the concession agreement by September 21, 2020.


“Prior to and since receiving the award of the LOTEX Concession, the parties informed the Government of Brazil that it was critical, to ensure the success of the national instant ticket business in Brazil, to have a signed distribution agreement with CAIXA Econômica, operator of the largest lottery retailer network in Brazil.


“Following more than seven months of diligent discussions with CAIXA, the parties successfully completed contract negotiations.


However, despite reaching an agreement on the final version of the contract more than two months ago, CAIXA failed to authorise its execution by the concession deadline, and our request for an extension of the process was not granted. Te 13,000 lottery retailers within the CAIXA network are fundamental to a successful launch of the instant ticket business in Brazil and without such distribution network, the companies were not prepared to move forward.


“In addition, on September 30, 2020, the Supreme Court of Brazil ruled that the federal government’s lottery monopoly was unconstitutional, paving the way for states to develop state lotteries for each of Brazil’s 26 states and one federal district. As a result, and despite being fully prepared to fulfill all of the financial and non-financial conditions precedent of the concession agreement, prudent capital management dictates that we withdraw from the process and re-evaluate the business case of implementing a lottery operations model in Brazil. Should the Government of Brazil consider an extension of the process for CAIXA to authorise and execute a contract because of the high contribution potential of this venture to a number of government programmes, we will explore the possibility of re-engaging in the process.”


Mexico Win Systems’ Rising Link exceeds expectations


Win Systems is enjoying success with its latest GameStar development, an innovative collectable link feature Rising Link.


Te new game has been performing strongly across several Mexican gaming venues and has captured the interest of players from the outset. Its performance ratios quickly reached outstanding figures compared against floor averages and the numbers keep improving every day.


Local operators in the country are showing interest in Rising Link when reopening their casinos, as well as many international operators.


Rising Link was conceived and developed to mark a milestone in the current offer of link jackpots. One of the main attractions of this


title is that it allows players to build and increase prizes once they enter the feature game, meaning that even greater prizes can be awarded. At the same time it offers compelling multipliers, instant bonuses and large prize rewards.


“Rising Link is one of the most ambitious projects created by our gaming division in recent times. Tese kinds of products are widely demanded by players, but we didn’t want to launch just another link. We were aiming to develop a solution that can substantially improve the current offer, and we invested a great deal of time and resources to achieve it,” commented Eric Benchimol, CEO of Win Systems,


“Te result is Rising Link, which is a spectacular product that will give our sector plenty to talk about.”


Costa Rica


Closed since mid-March, casinos in Costa Rica reopened on October 9 following an announcement from the Economy Ministry and the Tourism Board. Tourism Minister Gustavo Segura said casinos located in hotels could reopen, but that guests must pass a temperature screening. Slots and chips must be sanitised frequently and alcohol is not permitted. Tables are restricted to three guests and slots need at least six feet between them. Capacity will be limited to 50 per cent with a curfew of 10pm during the week and 8pm at the weekend. Victoria Hernández, Costa Rica’s Minister of Industry and Commerce, said: “We have set criteria that are a little more restrictive to the way a restaurant operates.”


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