CONTRACT AWARD TO INTRALOT FROM NARODNA LUTRIJIA
INTRALOT was awarded a 10 years contract with option for renewal from Narodna Lutrijia, the State Lottery Organization in Serbia for the organization and management of fixed odds betting games. The company has undertaken the installation of a new on-line system, as well as, provision of all the necessary services such as risk management odds compilation, marketing support and training to the lottery.
The game is expected to launch within the first half of 2003 throughout the national network of Narodna Lutrijia and it will be supported by an extended advertising campaign.
Game’s operation will be handled by Yugolot -INTRALOT’s subsidiary in Yugoslavia-, which has undertaken the implementation of the Lottery’s on-line system. Furthermore, Betting Company SA –the specialized company of INTRALOT Group- will provide all relevant services for the operation of the game. The remuneration of INTRALOT Group is based on percentage of sales.
“Our decision to select INTRALOT was based on the technology offered and the valuable experience and know how of INTRALOT Group. The fact that Betting Company SA manages the largest book worldwide, is an asset to our lottery”, said Mr Goran Sljapic, General Director of Narodna Lutrijia
“We are delighted that Narodna Lutrijia has selected to launch the fixed odds betting games with INTRALOT. This partnership is an excellent opportunity to penetrate in the betting market of Yugoslavia, which is currently estimated at 300 million € annually”, said Mr Constantinos Antonopoulos, CEO of INTRALOT.
INTRALOT is engaged in the development of integrated gaming systems and provides multiple services related to the design, development, operation and support of games. Based on its extensive know how, advanced product development specifications and substantial experience in organizing and operating lottery games, INTRALOT can offer its clients custom-made integrated solutions, which ensure maximum efficiency and absolute security. Following a highly successful period of rapid growth, INTRALOT is ranked 3rd in revenues and 2nd in profits, based on 2001 financial results, among lottery suppliers worldwide, and maintains a steady course towards the leading position in the global market. Today the company has secured an important position in the European and South American markets while is expanding its presence in North America and S.E. Asia.