Athens-listed gaming and lottery supplier Intralot has entered the Canadian market for the first time through a deal with the British Columbia Lottery Corporation (BCLC).
Continuing its lottery terminals and systems replacement initiative, BCLC has awarded an initial five-year contract to Intralot’s US subsidiary for a new lottery central system powered by the supplier’s Lotos X platform.
The agreement, which can be extended by six further years, includes the deployment of Intralot’s latest lottery terminals featuring innovative camera-based technology, along with additional software products and ongoing maintenance services.
“We are pleased to have been awarded by BCLC with a new contract to deliver our next-generation lottery solutions which will drive players’ engagement and transform their playing experience,” said Intralot Group deputy CEO Nikos Nikolakopoulos.
“This agreement represents a significant milestone for Intralot entering the Canadian market, offering our industry-leading product portfolio to enable long-term innovation and constant growth, ultimately generating more revenue for the benefit of the province of British Columbia community.”
Last October, BCLC and NLS mutually agreed to use the contract assignment provision to pass the contract to Intralot, which was already working on the project as a provider of terminal hardware.
In January of this year, BCLC conducted a subsequent public procurement process for gaming engine services, another component of the project, with Intralot winning the bid.
The combined value of BCLC’s contracts with Intralot for implementation of the new lottery terminals and systems, and gaming engine services, is CAD$24.5m and is included in BCLC’s capital budget through to fiscal year 2021/22.
Shares in Intralot SA (ASE:INLOT) were trading up 1.92 per cent at €0.372 per share in Athens Wednesday morning, having set a new 52-week low of €0.300 per share last Friday.