80 LAWYER MONTHLY AUGUST 2023 Consórcio Mineira da Sorte’s Contract With Loteria do Estado de Minas Gerais About the Deal Guimarães & Vieira de Mello Advogados advised Saga Consultoria e Representações Comerciais e Empresariais S/A on its formation of the Consortium Mineira da Sorte – a joint venture between IGT, Scientific Games and Saga – which has signed a concession contract with the Minas Gerais State Lottery to operate its conventional and instant lotteries for 20 years. IGT and Scientific Games were advised by TozziniFreire Advogados. The contract provides for a collection of BRL 5 billion ($1.045 billion) with a minimum transfer goal of BRL 500 million ($104.5 million) to the state. IGT and Scientific Games will lead the consortium’s operation of the instant ticket and passive lottery business in Minas Gerais and will jointly provide the planning and production of instant games, while Scientific Games will provide the software requirements and management system. This operation, which concluded on 15 May, is the first instance of the operations of a Brazilian state lottery being awarded to a private operator since the Federal Supreme Court’s 2020 ruling that states may explore lottery activities. Lottery games are currently the only legalised form of gambling in Minas Gerais, with only keno games and a national draw presently on offer in the state. The new contract, which went into effect on 9 June, will allow the consortium to create further offerings in the gambling industry through the launch of instant paper tickets and related services. The consortium has expressed optimism that it will be able to launch instant games by the end of 2023. Guimarães & Vieira de Mello Advogados advised Saga with a team comprising partners Marcello Viera de Mello and Helder Fonseca and associate Anna Florença Anastasia. Transaction Interview Legal Advisors on the transaction:
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