Brazil set to privatize lottery in December

Brazil is set to privatize its lottery operations by the end of the year, a move that many analysts see as a significant step toward the commercialization of gambling in Latin America’s largest economy.

The country’s Secretary for Economic Monitoring announced that it will be bidding out Brazil’s Exclusive Instant Lottery (LOTEX) concession on December 2017. Public bank Caixa Economica Federal (Caixa) continues to operate the lottery even as instant ticket sales were halted in 2015 ahead of the privatization.

Cedits @ Leonard Postrado ON October 13, 2017