INTRALOT SIGNS NEW CONTRACT IN PHILIPPINES
INTRALOT, a leading global supplier of integrated gaming and transaction processing systems, has been awarded a new contract with Pacific On-Line which operates games in Southern Philippines on behalf of the state gaming organization Philippines Charity Sweepstake Office (PCSO). The contract is for 7 years and is estimated to generate total revenues of approximately € 10,000,000.
The project includes the procurement, installation and support of an advanced, integrated network which will be comprised of up to 900 terminals, the core operating system, LOTOS™, and the necessary satellite telecommunications infrastructure. When complete, the system will provide retailers with a flawless solution that will ultimately increase sales of all 6 PSCO’s games.
The implementation of the project will begin this quarter and will be launched later in 2006.
INTRALOT S.A. CEO, Mr. Constantinos Antonopoulos said: “We are very pleased to have signed this new contract with Pacific On-Line. This contract strengthens our position in the rapidly growing market of the Philippines and also contributes to our further penetration in S.E Asia, one of the largest and most demanding gaming markets in the world.
Pacific Online Chairman, Mr. Willy Ocier added: “We are very pleased with our partnership with INTRALOT, and we look forward to continue delivering quality service to the Philippine Charity Sweepstakes Office in their efforts to generate revenues for the government's charity projects.“
INTRALOT, a public company listed on the ASE, is a leading supplier of integrated gaming and transaction processing systems, innovative game content and value added services to state-licensed gaming organizations worldwide. It’s broad portfolio of products & services, its know-how of Lottery, Betting & Video Lottery operations, its experience in sports games and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With 37 subsidiaries, 8 business offices, 3,000 people and revenues of € 523 million for 2005 and €700(?) for 2006, INTRALOT’s footprint straddles five continents.