INTRALOT RECEIVES TWO-YEAR CONTRACT EXTENSION IN OHIO
After an initial record-setting two-year operations contract with the Ohio Lottery, INTRALOT has been awarded the first of four available two-year extensions, which is the maximum period allowed by law in Ohio. The seven-member Controlling Board for the State of Ohio voted unanimously to award the extension to INTRALOT.
At eleven months into the current fiscal year, the Ohio Lottery’s transfer to the Lottery Profits Education Fund (LPEF) is $25.6 million higher than budgeted. Cumulative fiscal year sales through May are up $105 million or 4.6 percent higher than last fiscal year.
Under the new extension, INTRALOT will continue to supply existing equipment and services to the Ohio Lottery while adding additional vending machines and innovative point-of-sale advertising displays to further drive transfers to the LPEF. The new vending machines will be supplied from INTRALOT’s manufacturing facility in Mason, Ohio that has now assumed production responsibility for all of INTRALOT’s domestic and international vending equipment requirements. INTRALOT has made an important investment in the State of Ohio, while it employs over 200 people in manufacturing, assembly and service jobs statewide in its facilities in Mason and Strongsville.
Interim Lottery Director, Dennis Berg stated “We are very pleased with INTRALOT’s deployment of state-of-the-art gaming equipment in Ohio over the past biennium. We look forward to our continued partnership and believe the contract represents excellent value for the State of Ohio.”
INTRALOT USA President and CEO, Tom Little, was delighted with the decision of the Controlling Board. “The unanimous decision by the Controlling Board to award the extension to INTRALOT further reinforces our proven performance partnership with the Ohio Lottery to maximize the benefit to education within the State. We look forward to continued support of the Lottery through the application of advanced technologies, innovative new games, and further strengthening of an already great partnership.”
Little also stated “Our Mason, Ohio facility further exemplifies our commitment to the State of Ohio by providing much needed technology manufacturing jobs within the State. Many of the component suppliers for the machines we build are local Ohio-based companies, supplying additional personnel employment.”
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 & 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 more than 53 countries, with approximately 5.400 people and revenues of €1.1 billion for 2010, INTRALOT has established its presence on all 5 continents.