INTRALOT TO UNDERTAKE THE MODERNIZATION OF THE HO CHI MINH LOTTERY IN VIETNAM
INTRALOT, the leading supplier of integrated gaming and transaction processing systems, signed today a Memorandum of Understanding with Ho Chi Minh City Lottery Company, during the Greek-Vietnamese Business Forum that took place in Athens. The Memorandum was signed by Mr. Constantinos Antonopoulos, CEO of INTRALOT and Mr. Quang Vinh, General Director of Ho Chi Minh City Lottery Company, in front of H.E. the President of the Socialist Republic of Vietnam, Mr. Nguyen Minh Triet.
INTRALOT and Ho Chi Minh City Lottery Company have agreed to cooperate closely and on an exclusive basis for the project of modernization of Ho Chi Minh City Lottery, which is the largest lottery in Vietnam, with a turnover of 140 million USD in 2007.
Ho Chi Minh City is the most important economic center in Vietnam. 300,000 businesses, including many large enterprises, are involved in high-tech, electronic, processing and light industries, also in construction, building materials and agro-products. Currently, the city has 15 industrial parks and export-processing zones. The first stock exchange of Vietnam was opened in the city in 2001. In 2007, the city's Gross Domestic Product (GDP) was estimated at USD 14.3 billion, or about USD 2,180 per capita, (up 12.6% on 2006) and accounting for 20% GDP of the country.
Mr. Constantinos Antonopoulos, CEO of INTRALOT stated in his speech at the bilateral forum: “During the last years, Vietnam has been relishing significant growth rate, as tremendous economic and social developments has been taking place in the country. Vietnam is currently an open, industrialized country, offering interesting business opportunities for foreign investors. I am sure that the collaboration that starts today between INTRALOT and Ho Chi Minh City Lottery Company will be of great benefit for all the stakeholders. We are determined to offer our state-of-the-art products, dedicated customer service and our worldwide experience, in order to contribute to the efforts of the Ho Chi Minh City Lottery Company to modernize and maximize its performance.”
The General Director of Ho Chi Minh City Lottery Company, Mr. Do Quang Vinh commented: “We are very pleased to inaugurate our cooperation with INTRALOT for the modernization of our lottery system. Ho Chi Minh City Lottery Company is looking forward to having the first on-line system by the leading company in its sector.”
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. It’s 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 mo