Spielo and Gamenet Partner Up for Italian VLT Launch16th November 2009 10:10 am GMT
Following rival Intralot into the newly established Italian video lottery terminals (VLTs) market, Lottomatica subsidiary Spielo Manufacturing ULC has signed a multi-year agreement to provide video lottery gaming solutions to Italy's Gamenet S.p.A, earning the company approximately €40 to €45 million over the contract term.
Under the agreement, Spielo will provide a new server-based gaming central system, retailer terminals, several thousand VLTs, as well as game content and services to Gamenet, the third largest public gaming machines network concessionaire in Italy.
"We look forward to entering this extremely competitive VLT market, which is about to become the largest of its kind in Europe," said Victor Duarte, President and CEO of Spielo. "Through our partnership, Gamenet will benefit from server-based technology and the Dynamic Game Management features of Spielo's INTELLIGEN central system and value-added modules, as well as the i-LINK terminal and value-added prodiGi Vu and WinWave Vu terminals.
"With the help of our sister company, Atronic, we're also pleased to provide the top-performing games from our combined game library."
Representing more than 700 gaming machine distributors and operators, Gamenet's network links more than 56,000 slot machines distributed in over 20,000 public venues. The company is expected to retain its market position in Italy's new VLT gaming market which is poised to become the largest VLT market in Europe.
"Through this VLT investment and agreement with Spielo, Gamenet will expand its gaming portfolio beyond the current slot machines, betting, poker including Texas Hold'em, and skill games, strengthening its position as a leader in the Italian gaming market," said Ezio Filippone, Gamenet CEO.