Lottery gaming systems provider INTRALOT has agreed to a seven-year extension of its contract to supply leading Malaysian gaming operator Magnum Corporation Sdn. Berhad with a full lottery offering.

The agreement covers the procurement, installation and support of an integrated lottery system to support up to 2,450 terminals, with the company also supplying its core LOTOS O/S operating system and an online gaming computer system including new Photon terminals and games software.

It will also provide Magnum with customer and marketing support functions and all services necessary for the operation and maintenance of the central system. The implementation will start immediately, with commercial operations to launch in mid-2015.

The companies have worked together since 2007, when INTRALOT won an international tender to power Magnum’s lottery and gaming offering. Its renewed deal comes with the option for two, two-year extensions.

Magnum chief executive Dato Lawrence Lim Swee Lin said he was pleased to continue to work with INTRALOT, which he described as a reliable and innovative solutions provider capable of understanding his business’ needs.

INTRALOT chief operating officer Ioannis Pantoleon added that he appreciated the trust Magnum had shown in his company’s expertise and ability to successfully upgrade the system.

“INTRALOT is committed to supporting Magnum with the latest technology in gaming and to provide continuous support to the esteemed Malaysian company,” Pantoleon explained. “This is another leap forward towards reinforcing INTRALOT’s presence in the region for years to come.”

The supplier’s managing director for Asia Marios Mitromaras added that he was proud to have agreed the extension.

“We are certain that this project will further enhance our close relationship with Magnum Corporation and will ensure the continuity of Magnum’s successful operations at top level,” he said.

Shares in Intralot SA (Co. Data) (ASE:INLOT) were trading down 2.0 per cent in Athens Tuesday morning at €1.96 per share.