Lotto’s holding company is in rough legal waters

2018-12-04T00:00:00

Surprisingly, an Italian court has accepted a request to place in bankruptcy proceedings Futura 5760, a holding company that indirectly controls Lotto Sport Italia. Futura, which is controlled by Andrea Tomat, president and chief executive of Lotto, owns 27 percent of Lotto’s shares and 70 percent of Next B, which ...

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