South Korea's national lottery Nanum Lotto is set to expand its online and instant games portfolio following the award of a new five year operating licence to a consortium which includes Intralot.
The Nanum Lotto consortium has operated the national lottery since 2007 and was this week awarded a new five year licence following an international tender which will see it operate the online lotto, instant products, and the electronic lottery until 2018.
The consortium is comprised of the Eugene group, Daewoo Information Systems, NH Bank, Windyplan, SG&G, Samsung Publishing, Bixolon, and Youngwoo, together with the Greek lottery firm Intralot, which will provide system operations, monitoring services, consulting services related to both online and instants products, and technological support.
Intralot Group chief executive Constantinos Antonopoulos commented: “We are very satisfied that we will continue this significant project, further strengthening our leading position in South Korea and the wider Asian region.
"The successful and profitable operation of the South Korean Lottery during the past 5 years, supported by Intralot's state-of-the-art technology, led to the renewal of the license of our consortium to operate the National Lottery in South Korea. I would like to congratulate both Nanum's and Intralot's hard working teams in the country, who have closely co-operated for this great success."
Since 2007, the Nanum Lotto has increased sales by 25 per cent from its sole game, Lotto 6/45. The consortium says it now plans to develop the games portfolio, including online games, with the aim of increasing the lottery’s profitability and its contribution to good causes.