INTRALOT: 7 YEAR EXTENSION AGREEMENT WITH MAGNUM CORPORATION
INTRALOT has signed an extension of its Agreement with Magnum Corporation Sdn. Berhad, the leading gaming company in Malaysia, for a further seven (7) years with an option of extending it for another two (2) years. The agreement concerns the procurement, installation and support of an advanced, integrated lottery system to support up to 2,450 gaming terminals, INTRALOT’s core operating system LOTOS™ O/S, and an On-line Gaming Computer System, including both the games software and its state-of-the-art new generation of Photon terminals.
In addition to the central system, INTRALOT will also provide service functions, such as customer and marketing support, and all the necessary services for the operation and maintenance of the Central System during the seven (7) years of the extended agreement. The implementation of the project will begin immediately and the commercial operation is estimated to start in mid 2015.
The CEO of Magnum Corporation Sdn Berhad, Dato Lawrence Lim Swee Lin, commented: “We are pleased to continue to work with INTRALOT as they have proved to be a reliable and innovative Technical Solutions Provider and they understand our needs”.
Mr. Ioannis Pantoleon, INTRALOT Group Chief Operating Officer, stated: “We are very pleased to sign this new extension for seven years and appreciate the trust that Magnum has shown in INTRALOT’s expertise and ability to undertake the demanding technology upgrade of Magnum’s system. INTRALOT is committed to supporting Magnum with the latest technology in gaming and to provide continuous support to the esteemed Malaysian company. This is another leap forward towards reinforcing INTRALOT’s presence in the region for years to come”.
INTRALOT Group Managing Director of Asia, Mr. Marios Mitromaras, added: "We are very proud of, and satisfied by this Extension. We are certain that this project will further enhance our close relationship with Magnum Corporation and will ensure the continuity of Magnum’s successful operations at top level”.
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With presence in 57 jurisdictions, more than 5.500 people and revenues of €1,54 billion for 2013, INTRALOT has established its presence on all 5 continents.