Minas Gerais State Lottery is Planning to Hold a Public Consultation on Tuesday, 10th of October

BRAZIL (October 6, 2023) — The Minas Gerais State Lottery (Lemg) is planning to hold a public consultation on Tuesday, the 10th of October. This consultation is a preliminary step before launching a tender for the concession of the exploration and operation of online games in the online/real-time system. It’s important to note that this information is provided in a generic format, and the specific date of the consultation and other details may vary depending on the year or current events.

Here are some key points from the information provided:

1. International Public Competition: The bidding process for the concession of online games is described as an “International Public Competition,” meaning that both domestic and international groups can participate in the bidding process.
2. Extension due to COVID-19: The current link or contract for the lottery operations was extended until 2025 due to the impact of the COVID-19 pandemic on businesses, including the lottery sector.
3. Financial Impact: The pandemic caused a significant loss in revenue for the lottery business. Agreements were reached, and contracts were evaluated to address these financial challenges.
4. Sports Betting: The operation of sports betting is mentioned, and it appears that it is part of the current agreement. However, there is a limitation on operating sports betting only within the state of Minas Gerais due to federal government authorization.
5. Value Commitment: For traditional paper lotteries, there is a 20-year contract in which the operator committed to generating at least R$500 million in revenue over the contract period.
6. Public Consultation: There will be a public consultation, and interested participants must register by a specified deadline (11:59 pm on Monday, 9th, according to the information provided) by completing a Registration Form and sending it to the specified email address.
7. Additional Information: Details about the public consultation process can be found in the “LEMG Public Consultation Notice nº 001/2023.”

Please note that specific dates and details may change over time, and it’s essential to refer to official announcements and documents from the Minas Gerais State Lottery for the most up-to-date information regarding the public consultation and bidding process.

SOURCE: LI Contributor.