INTRALOT MAINTAINS PRESENCE IN CHILE SIGNING NEW CONTRACT
INTRALOT was granted a lottery contract by the Lotería de Concepción in Chile for the supply of technological solutions and management of lottery games in the country. The contract has an initial term of 7 years with an option of 3 annual renewals. Additionally, the parties agreed to expand their agreement in South America.
Lotería de Concepción, founded in 1921, is the oldest lottery and one of the two leading gaming operators in Chile. It offers lottery games, such as KINO, IMÁN, Kino5, Raspes, BOLETO, etc, under a license granted by the Chilean Ministry of Finance.
A significant percentage of the lottery’s revenues is offered to Good Causes assisting financially different organizations, such as the Red Cross, University of Concepcion, welfare institutions and sport organizations.
The CEO of the Loteria de Concepcion, Mr. Mariano Campos, stated: "We are very pleased to enter in this strategic cooperation with INTRALOT and explore jointly business opportunities in Chile and Latin America. We are confident that based on INTRALOT's experience and technological know-how we will manage to get the Loteria de Conception into a new era, serving our purpose which is the support and the development of the local community."
Mr. Constantinos Antonopoulos, INTRALOT Group CEO, commented: “INTRALOT considers Chile as an important and very challenging country to pursue business opportunities in. This country became one of our first international milestones, as we have strongly believed in the dynamic of the local gaming market. We are confident that through our partnership with the Lotería de Concepción we will manage to boost the Lottery’s performance and thus increase its contribution to good causes in the country, and look into opportunities in the wider region of Latin America.”
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content and sports betting management, 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 50 countries, with 5,000 people and revenues of €1.1 billion for 2008, INTRALOT has established its presence on all 5 continents.
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