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Mergers & Acquisitions

Intralot signs $5m extension deal with Vermont Lottery

Gami

Intralot
ng solutions provider Intralot has announced a renewal of its current contract with the Vermont Lottery from 1 July, 2017, through to 30 June, 2020.

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.

The value of the extension is estimated at approximately $5m.

John Donahue, CEO of Intralot, 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.”

Vermont Lottery Commission Chair, Sabina Haskell, added: “We are pleased to announce that we extended our contractual agreement with Intralot, and we look forward to continuing our relationship with them.”

The extended renewal provisions include additional retailer jackpot signs, graphical re-branding of the player-activated lottery vending machines; and a state-of-the-art field sales software solution with related equipment.

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