Scientific Games wins LOTTO Thüringen instant games deal in Germany14th May 2020 9:26 am GMT
New York-listed supplier Scientific Games has been awarded a new three-year contract to continue providing instant lottery games to German state lottery operator LOTTO Thüringen.
Scientific Games won the competitive procurement process based on its products and services, including digital instant games (also known as eInstants), which the lottery plans to launch in 2021.
The three-year contract can be extended by LOTTO Thüringen for an additional year, and continues a relationship which stretches back more than two decades.
"We look forward to continuing our successful partnership with Scientific Games and the sustainable growth of instant game revenues in Thuringia,” said LOTTO Thüringen CEO Jochen Staschewski. “This is one of the few lottery markets in Germany that continues to grow.
“Our growth is largely driven by instant products, therefore, we plan to further develop our portfolio of instant games sold at retail as well as offer our players digital instant games to enjoy at home and via mobile."
Scientific Games senior vice president of instant products John Schulz commented: “We have offered LOTTO Thüringen instant game products with value adds that have proven ability to responsibly increase revenue for our lottery customers around the world.
“The potential of instant games, sold both at retail and online/mobile, is not fully realized in Europe however they are the biggest and most successful lottery product category in the US and still growing.”
Shares in Scientific Games Corporation (NSQ:SGMS) closed down 6.70 per cent at $10.87 per share in New York Wednesday.