Breaking News: IGT Secures €2.23 Billion License for Digital Expansion in Italy
International Gaming Technology-Headed Group Secures €2.23 Billion Italian National Lottery License Rights Until 2034
Get ready to roll the dice, folks! International Game Technology (IGT) has just inked a whopping €2.23 billion license deal—a sweet threefold increase from its previous deal—to operate Italy's national lottery until 2034. But this ain't just about keeping the good times rolling as is; IGT's got its sights set on expanding its digital gaming empire, baby!
This new deal will supercharge IGT's expansion into the online casino (iCasino) and sports betting realms by means of B2C platforms. So, buckle up, because it's time to turbocharge those digital gaming revenues to new heights!
But what's a gigantic license fee agreement without some heavy hitter partners, you ask? Well, introducing Allwyn—the power player that'll be contributing a plump 32.5% to the consortium costs. With their EU-modernizing lottery expertise at the ready, Allwyn is essentially the secret sauce that'll fuel IGT's digital growth engine.
According to New Jersey-based copywriter extraordinaire Lucas Dunn, this agreement not only cements IGT's position as a gaming sector leader but also opens the floodgates for further digital exploration. In case you were wondering, that means more iLottery sales, baby!
As IGT ramps up its digital empire, it'll reportedly be charged a concession fee of 6% on total wagers and an 8% gross fee for digital channel wagers. Make that rain, IGT!
So there you have it, folks! IGT's €2.23 billion deal is the golden ticket to Italy's digital gaming future, with Allwyn on board as the X-Factor that'll help IGT conquer new gaming territories. Buckle up, and get ready for an epic digital gaming adventure!
Lucas Dunn, a six-year writing veteran, brings you this explosive news piece from his content factory, which spans clients across the US, the UK, NZ, AU, SA, and CA. Before diving headfirst into the gaming world, Lucas graced Rutgers University with his presence to earn a B.S. in psychology. And when he ain't splashing his creative brainpower on iGaming content, you might find him painting—just like dear old dad.
Sources
- LottoItalia announces €2.23 billion deal to run Italian lottery until 2034
- IGT and Allwyn signed the €2.23 billion national lottery license deal for Italy
- IGT Secures €2.23 Billion National Lottery License for Italy, Maintains Operational Control
- Five Biggest Gambling Companies in the World and Their Revenue
- New Italian lottery deal for IGT to start in 2025 and run till 2034
This mega deal by IGT will propel their digital gaming expansion, reaching beyond traditional lottery into online casinos, sports betting, and slot machines. With an eye on finance and technology, IGT aims to revolutionize the gaming sector, fueled by partnerships like the one with Allwyn.
As IGT dives deeper into the digital realm, it will report competitive fees on total wagers, opening new avenues for revenue generation in the realm of finance and technology.
