🇵🇹Portuguese Consortium 🏆Wins São Paulo Lottery Concession for R$ 600 Million! 🇧🇷

Morgan Ellis

🇵🇹Portuguese Consortium 🏆Wins São Paulo Lottery Concession for R$ 600 Million! 🇧🇷
💡 The São Paulo government granted the state lottery operation for 15 years to the consortium Aposta Vencedora, led by the Portuguese SAV Participações, after a fierce competition!

💡 With a final bid of R$ 600 million, well above the minimum of R$ 260.7 million, the consortium will be able to operate physical and virtual games, including sports betting and scratch cards. The concession is expected to generate R$ 3.4 billion for the state, with resources allocated to health and public services.

📌 Key Highlights

💰 Record Bid: R$ 600 million, 130.15% above the minimum bid!

Investment in Public Health: Funds will benefit two regional hospitals and other health services.

🇧🇷 Long-term Partnership: 15-year contract with projected revenue of R$ 3.4 billion.

📊 Strict Control: Compliance measures for preventing money laundering and gambling addiction.

🎟️ Expanded Access: Over 11,000 lottery points throughout the state of São Paulo.

💡 This historic concession agreement highlights the power of public-private partnerships in funding essential services. The consortium's success brings a promise to São Paulo, with future revenue supporting vital health improvements.

⚠️ A breakthrough for both the state and the lottery industry, this achievement proves that well-managed investments can promote impactful changes.

#PublicInvestment #HealthFinancing #LotteryInnovation
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