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Greece’s Intralot signs Australian online gaming contract April 3, 2007

Posted by grhomeboy in Business & Economy.
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Following an international tender process, Intralot Australia, a subsidiary of Greece’s Intralot S.A., has signed a contract for the provision of a new online gaming operating system and support services for the Lotteries Commission of Western Australia, Lotterywest.

The initial five year contract is expected to generate approximately 18 million Australian dollars worth of revenue for Intralot. Implementation of the new system will start almost immediately and the conversion to the new system will commence by March, 2008.

The project entails the supply and implementation, along with support, of the integrated lottery system based on Intralot open architecture solution LOTOS O/S and CORONIS family of terminals, including Ticket checkers and Portable Terminals. Furthermore INTRALOT will be providing the hardware equipment that will host the LOTOS O/S and its applications.

The new system will provide Lotterywest with all the necessary functionality to provide the community of Western Australia with a reliable and modern lottery system.

Jan Stewart, Lotterywest CEO commented “After a long and carefully considered procurement process, I am now looking forward to working with Intralot to provide Lotterywest with the lottery platform we require to ensure that we continue to provide our beneficiaries with the best possible level of support.”

Intralot CEO, Mr. Constantinos Antonopoulos said: “We are very pleased with this award, because we consider it as one more distinction for our company’s worldwide eminence in the lottery industry. We acknowledge that Australia has a long tradition of popular and well regulated lotteries and thus our responsibilities are even greater. This project is a highly important addition to our international portfolio and strengthens our presence in the demanding Oceania market. We engage ourselves to deliver a state-of-the-art integrated solution which will directly benefit the Lotterywest community, the lottery players as well as the broader local community.”

Shares of Intralot were up almost 1.5% this morning to €22.66.

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