INTRALOT SIGNS 5-YEAR IT CONTRACT WITH OPAP
INTRALOT announces that following an international tender process procured by OPAP S.A. it has signed i) a contract for the implementation of the new central system (implementation contract) and ii) a contract for the support, maintenance and evolution of the new central system (service agreement) with a total duration of five (5) years. In parallel, once the new central system contract commences, the agreement signed for the provision of the maintenance and technological support services of OPAP agencies’ infrastructure will be activated. The duration of this agreement is for two (2) years with three (3) one-year renewals option. INTRALOT has also signed an extension to its current contract with OPAP S.A. until the commencement of the new system.
The implementation contract includes the commissioning and installation of the infrastructure, the software implementation/installation and all the necessary implementation services, so the new central system commence live operations and user licenses for Greece and Cyprus. Project implementation timeframe is agreed at seven (7) months. The services agreement covers the provision of Support and Maintenance of Hardware and System Software, the Operational Support and the Business Enhancement. The contract has total duration of five (5) years and expires on 31/7/2018. The combined value of the implementation contract and the services agreement contract is €101.0 million, whereas the value of the agreement for the provision of the maintenance and technological support services of OPAP agencies’ infrastructure is a total of €46 million for the first two years declining by €1 million per annum for each subsequent annual extension.
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 56 jurisdictions, more than 5.500 people and revenues of €1.4 billion for 2012, INTRALOT has established its presence on all 5 continents.