The concessionaires are being fined a total of 2.5 billion euros

Lottomatica Videolot Rete to appeal Government Audit Department ruling

2012-02-22
Reading time 55 seg
(Italy).- Lottomatica Group confirmed that the Government Audit Department (Corte dei Conti), Lazio Regional Office, handed down the first ruling against all 10 Italian gaming machine concessionaires. The ruling follows the court case which began in 2007.

The concessionaires are being fined a total of 2.5 billion euros. In 2007, 98 billion euros in penalties were initially sought, 4 billion euros of which was charged to Lottomatica Group’s subsidiary Lottomatica Videolot Rete. The Corte dei Conti quantified Lottomatica Videolot Rete’s responsibility at 100 million euros.

Lottomatica Videolot Rete maintains that the ruling does not take into consideration numerous and essential elements contained in the consultation requested from Digit Pa by the Corte dei Conti itself. Such elements, together with those sustained by Lottomatica Videolot Rete, should prove, de facto, the complete absence of responsibility by Lottomatica Videolot Rete.

Moreover, the court opinion does not in any way recognize that there is evidence of loss of revenue for the state which, as stated in the opinion itself, "given the impossibility of calculating the effective loss sustained", has been calculated using a method devoid of any foundation.
For these reasons Lottomatica Videolot Rete, having consistently stated and demonstrated the full compliance of its business and operations management, will appeal against the court ruling.

Lottomatica Videolot Rete’s appeal submission will suspend ex lege the execution of the ruling until the appeal case is resolved.

Related topics:
Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR