Jumbo signs 10-year agreement with Lotterywest

A subsidiary will work with the Western Australian state-operated lottery.

Australia.- A subsidiary of Jumbo Interactive has signed a 10-year agreement to provide software services to Lotterywest, the Western Australian State Government lottery.

In a filing to the Australian Securities Exchange, Jumbo said its subsidiary, TMS Global Services, will provide software and a white label platform and services to the state-owned company in exchange for a 9.5 per cent service fee for every customer transaction.

Jumbo will also provide technical and customer support and development services.

Mike Veverka, CEO of Jumbo, said: “I am pleased that the Lotterywest Agreement has now been signed on time and on terms as anticipated.

“This is a major achievement for Jumbo securing our first government client setting up a solid long-term partnership and providing strategic opportunities for Jumbo.”

The agreement is set to last initially for three years with an option to extend for a further three and then four years. Should Lotterywest decide to change providers, Jumbo will immediately transfer customer ownership back into the state-owned firm.

Aside from the latest deal, Jumbo has mentioned in the past it is interested in finding international business opportunities.