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Caixa Set to Revive Brazil’s Beloved ‘Scratch Card’ Lottery in March

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Reviving a National Favorite: Caixa’s March Relaunch of Lotex Scratch Cards

The Comeback of Brazil’s Instant Lottery

Caixa Econômica Federal is set to rekindle the spark of Brazil’s beloved Exclusive Instant Lottery (Lotex), commonly known as the scratch card. This much-anticipated revival, guided by the Ministry of Finance, is slated for March, marking a significant milestone in Brazil’s gambling landscape.

Journey Back to the Spotlight

The return to operation comes after a hiatus since 2015, with the Brazilian government issuing a decree in August to resume the game under Caixa’s management. With the distribution network ready, the public eagerly awaits the scratch cards’ return in March, following the submission of Caixa’s comprehensive national distribution plan to the Ministry of Finance by January’s end.

Emergency Measures and Transparent Bidding

An emergency operation, authorized last December, paves the way for Caixa to manage Lotex temporarily, ensuring a seamless transition until a formal bidding process for interested companies is completed. Francisco Manssur, special advisor to the Ministry of Finance, highlighted the urgent notice allowing Caixa to operate Lotex for 24 months as a provisional measure.

“We’re committed to ensuring that Caixa delivers a smooth rollout of the scratch cards in March, bringing this much-loved game back to the streets,” Manssur explained to the Globe. Concurrently, preparations for future tenders are underway, with the Prizes and Betting Secretariat of the Ministry of Finance set to supervise Caixa’s game operations.

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A Storied Past and Renewed Future

Introduced in 1990, the scratch card has been a popular fixture in Brazil, offering instant cash prizes upon scratching off specific fields. However, the game faced suspension in 2015, leading to a redefinition in 2018 to accommodate both physical and virtual tickets, subject to the Ministry’s approval.

Despite previous unsuccessful attempts to privatize Loteria Instantânea during Jair Bolsonaro’s administration, the operation remained with Caixa Econômica Federal. As Brazil eagerly anticipates the revival of this cherished game, Caixa’s March relaunch of the scratch card lottery is poised to bring excitement and instant wins back to lottery enthusiasts across the nation.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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FDJ’s Acquisition of Kindred Group Shaping the Future of Global Gaming

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FDJ’s acquisition of Kindred Group, facilitated by regulatory approval and strategic shareholder engagement, signifies a transformative moment in the gaming industry. This deal exemplifies the intricate balance between regulatory compliance, shareholder value, and strategic growth ambitions. As the industry stands at the cusp of further consolidation and innovation, the FDJ-Kindred transaction heralds a new era of strategic realignment and competitive positioning in the global gaming landscape.


A Monumental Shift in Gaming Dynamics

The Swedish Financial Market Supervisory Authority (SFSA)‘s approval of Française des Jeux’s (FDJ) offer to acquire Kindred Group marks a pivotal moment in the global gaming and betting sector. This green light not only accelerates FDJ’s strategic expansion but also underscores the evolving landscape of international gaming regulations and corporate alignments.

Navigating Regulatory Waters

The SFSA’s endorsement is a crucial step in FDJ’s ambitious acquisition plan, setting the stage for a public offer slated to commence imminently. This regulatory approval highlights the meticulous scrutiny and compliance standards governing mergers and acquisitions within the sector, ensuring that such transactions align with market stability and shareholder interests.

A Call to Action for Kindred Shareholders

The forthcoming Extraordinary General Meeting (EGM) represents a critical juncture for Kindred Group, with proposed statutory amendments necessary for facilitating the acquisition. This meeting, aimed at achieving the requisite shareholder consensus, signals the importance of shareholder engagement in steering corporate direction and strategy.

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The Path to Acquisition: Shareholder Conviction and Strategic Vision

FDJ’s pursuit of Kindred Group, contingent upon securing 90% of total capital, reflects a strategic maneuver to consolidate its position in the global gaming market. The offer per share, valuing Kindred at approximately €2.6 billion, has garnered unanimous board endorsement and significant shareholder backing, illustrating the alignment of strategic interests and the perceived value of this consolidation.

Activist Influence and Strategic Realignment

The role of activist shareholders, notably Corvex Management, in advocating for Kindred’s sale underscores the dynamic interplay between corporate governance and shareholder activism. Their successful campaign for board representation and strategic evaluation reflects a broader trend of active investor engagement in shaping corporate trajectories.

Implications for the Global Gaming Industry

This acquisition not only exemplifies the financial and strategic considerations underpinning such deals but also highlights the regulatory complexities and shareholder dynamics involved. As the gaming industry continues to evolve, driven by technological advancements and regulatory changes, the FDJ-Kindred merger serves as a case study in strategic growth, market consolidation, and the pursuit of competitive advantage.

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