INTRALOT SIGNED FIXED ODDS BETTING CONTRACT IN ROMANIA
December 18th, 2003
INTRALOT Group signed a 10-year contract with the Romanian State Lottery CNLR to introduce fixed odds betting in the country, increasing the range of successful games already offered in Romania. The company will undertake the product design, events selection, odds compilation and risk management. Moreover, it will participate in developing the game’s marketing and promotional strategy in cooperation with the State Lottery.
INTRALOT will install a state-of-the-art 1,800 CORONIS terminal network, which will be connected on-line to CNLR’s IT center, in which INTRALOT’s LOTOS platform operates. Moreover, the existing VSAT telecommunications network, on which the existing games operate, will expand. The game will start operations within the 1st half of 2004 and will include events on football, basketball, tennis, and Formula 1.
“We are happy to expand our collaboration with INTRALOT and to operate our games through such an enhanced system,” said Mr Nicolae Cristea, General Manager of CNLR.
Mr Constantinos Antonopoulos, CEO of INTRALOT, commented: “This agreement indicates INTRALOT’s ability to offer an extensive range of high quality services, as it is the only company worldwide that can offer systems, management and operational services for lottery games, Video lottery and fixed odds betting. This renders INTRALOT a one-stop-shop for State Lotteries globally.”
INTRALOT’S Romanian subsidiary LOTROM will undertake the implementation of the project in cooperation with Betting Company S.A., the Group’s company which is a world leader in managing sports betting games.
The Romanian State Lottery and INTRALOT Group are expected to have significant benefits from the introduction of fixed odds betting in the country due to cross-selling between games. This has been proven by lottery games’ growth, which posted a threefold increase in revenues once Video lottery was introduced. Moreover, LOTROM and the INTRALOT Group are expected to enjoy synergies and economies of scale since the IT infrastructure will also support the expansion of Video lottery.
INTRALOT is engaged in the development of integrated gaming systems and provides multiple services related to the design, development, operation and support of games. Based on its extensive know how, advanced product development specifications and substantial experience in organizing and operating lottery games, INTRALOT can offer its clients custom-made integrated solutions, which ensure maximum efficiency and absolute security. Following a highly successful period of rapid growth, INTRALOT is ranked 3rd in revenues and 2nd in profits, based on 2002 financial results, among lottery suppliers worldwide, and maintains a steady course towards the leading position in the global market. Today the company has secured an important position in the European and South American markets while is expanding its presence in North America and S.E. Asia.