INTRALOT SIGNS EXTENSION WITH VERMONT LOTTERY THROUGH 2020
INTRALOT S.A. announces the renewal of the current contract of INTRALOT Inc., a subsidiary of the INTRALOT Group in the United States, with the Vermont Lottery for the two-year period from July 1, 2018, through June 30, 2020, and consistent with its initial six-year contract with the option of exercising two two-year extensions, covering the period 2010-2020. The value of this two-year contract is estimated at approximately $ 5 million.
The collaboration between Vermont Lottery and INTRALOT has provided resilient technology solutions and innovative products. In the last seven years, INTRALOT has partnered with the Lottery to earn over $636 million in revenue and $138 million for the Vermont Education Fund. INTRALOT currently provides a secure central gaming system that delivers, manages, and accounts for all current tristate and multistate draw games, inventory control and logistics for the full complement of the Vermont Lottery’s scratch games, Fast Play games, Fast Play Progressive games and other related services. The Fast Play Progressive portfolio continues to resonate with Vermonters throughout the Green Mountain State.
INTRALOT and the Vermont Lottery will continue their enduring partnership through these two additional years. In 2016, the Vermont Lottery earned a record $124 million in revenue to the benefit of $26.4 million for the Vermont Education Fund. The Vermont Lottery and INTRALOT continue their successful relationship through the growth of product lines and technology. The extended renewal provisions include additional retailer jackpot signs, graphical rebranding of the player-activated lottery vending machines, and a state-of-the-art field sales software solution with related equipment.
Vermont Lottery Commission Chair Sabina Haskell said: “We are pleased to announce that we extended our contractual agreement with INTRALOT, and we look forward to continuing our relationship with them.”
Mr. John Donahue, CEO of INTRALOT Inc., stated: “We are very pleased and excited about this agreement with the Vermont Lottery. This allows INTRALOT to continue to provide to one of our most valued customers, INTRALOT’s leading gaming solutions. I would like to personally thank the Vermont Lottery Management Team for their trust. Our experienced US team will closely cooperate with the Vermont Lottery in the new period to help the Lottery meet its goals for responsible growth and greater returns for good causes.”
INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 55 regulated jurisdictions around the globe. With €1.32 billion turnover and a global workforce of approximately 5,300 employees (3,450 of which in subsidiaries and 1,850 in associates) in 2016, INTRALOT is an innovation – driven corporation focusing its product development on the customer experience. The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise. Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT). Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive. INTRALOT has been awarded with the prestigious WLA Responsible Gaming Framework Certification by the World Lottery Association (WLA) for its global lottery operations.
For more info:
Mr. Chris Sfatos, Group Corporate Affairs Director
Phone: +30-210 6156000, Fax: +30-210 6106800
About the Vermont Lottery
Since the sale of its first ticket in February of 1978, the Vermont Lottery has produced over $1.6 billion in overall sales. From those sales, over $1 billion has been returned to players in the form of prizes. Over $91 million has gone back into the local communities and has been paid to local Lottery agents in the form of commissions. Since 1999, over $430 million has gone to the State of Vermont Education Fund. For more information about the Lottery, please visit www.vtlottery.com.