Intralot signs extension with Vermont Lottery
The company is expanding its contract with the Vermont Lottery until 2020 for approximately US$5 million.
Greece.- INTRALOT S.A. announces the renewal of the current contract of INTRALOT Inc., a subsidiary of the INTRALOT Group in the United States, with the Vermont Lottery for the two-year period from July 1, 2018, through June 30, 2020, and consistent with its initial six-year contract with the option of exercising two two-year extensions, covering the period 2010-2020. The value of this two-year contract is estimated at approximately $ 5 million.
The collaboration between Vermont Lottery and INTRALOT has provided resilient technology solutions and innovative products. In the last seven years, INTRALOT has partnered with the Lottery to earn over $636 million in revenue and $138 million for the Vermont Education Fund. INTRALOT currently provides a secure central gaming system that delivers, manages, and accounts for all current tristate and multistate draw games, inventory control and logistics for the full complement of the Vermont Lottery’s scratch games, Fast Play games, Fast Play Progressive games and other related services. The Fast Play Progressive portfolio continues to resonate with Vermonters throughout the Green Mountain State.
INTRALOT and the Vermont Lottery will continue their enduring partnership through these two additional years. In 2016, the Vermont Lottery earned a record $124 million in revenue to the benefit of $26.4 million for the Vermont Education Fund. The Vermont Lottery and INTRALOT continue their successful relationship through the growth of product lines and technology. The extended renewal provisions include additional retailer jackpot signs, graphical rebranding of the player-activated lottery vending machines, and a state-of-the-art field sales software solution with related equipment.
Vermont Lottery Commission Chair Sabina Haskell said: “We are pleased to announce that we extended our contractual agreement with INTRALOT, and we look forward to continuing our relationship with them.”
Mr. John Donahue, CEO of INTRALOT Inc., stated: “We are very pleased and excited about this agreement with the Vermont Lottery. This allows INTRALOT to continue to provide to one of our most valued customers, INTRALOT’s leading gaming solutions. I would like to personally thank the Vermont Lottery Management Team for their trust. Our experienced US team will closely cooperate with the Vermont Lottery in the new period to help the Lottery meet its goals for responsible growth and greater returns for good causes.”
