Intralot looks set to sign a lucrative $60m ten-year contract to continue to serve as the gaming systems provider of the Idaho Lottery.

Intralot Inc, the US subsidiary of the Athens-listed operator and supplier, has been selected by the Idaho Lottery as its Apparent Successful Vendor following an open and competitive bidding process.

The ten-year contract begins in October 2017 and runs through to September 2027, with an option to extend for up to a maximum of two additional five-year terms.

Intralot has supplied the Idaho Lottery with gaming systems services since 2007.

“We are happy and honoured to have submitted the most competitive offer and to have the opportunity to continue to provide our services to our valued client,” said Intralot group chief operating officer Nikos Nikolakopoulos, who recently took over as interim CEO of the US business. “Since our first awarded contract, we have had excellent and productive cooperation with the lottery team.

“We are looking forward to building further on our experience and our trusted relation by means of an enhanced products and services offering that meets the modern era needs of the Idaho Lottery and helps our client generate stronger returns for the Good Causes it supports while promoting and serving the principles of Responsible Gaming,” Nikolakopoulos added.

The contract is valued at an estimated $60m in the initial term and provides for a secure central gaming system capable of delivering, managing, and accounting for all current in-state and multi-state draw games, as well as inventory control and logistics for the full complement of scratch games and other related services.

“This decision allows us the opportunity to improve our technology, provide quality services to our players and retailers, and continue protecting the security and integrity of our games here in the Gem State,” Idaho Lottery director Jeff Anderson commented. “There has been a tremendous amount of work and research done by all the parties involved during the process.

“I express my sincere gratitude to the members of the evaluation team for their conscientious work that resulted in this recommendation and to our valued industry colleagues who all seriously came to the table to earn Idaho’s business.”

Shares in Intralot SA (Co. Data) (ASE:INLOT) were trading down 0.92 per cent at €1.08 per share in Athens Monday morning, having climbed as high as €1.11 per share on the news Friday before closing at €1.09 per share.