The deal’s brokerage was through the New Zealand subsidiary of Intralot. The new deal agreement is going to last from 2022 to 2025. It also comes with an additional clause that can add one more year to the agreement.
Intralot has extended its partnership with the DIA (New Zealand Dept. of Internal Affairs). It has signed an extension to its gaming monitoring partnership.
The deal's brokerage was through the New Zealand subsidiary of Intralot. The new deal agreement is going to last from 2022 to 2025. It also comes with an additional clause that can add one more year to the agreement.
The Terms of the Intralot and New Zealand Deal
According to the terms of the deal, Intralot is going to continue offering EMS (Electronic Monitoring Services) for accounting, auditing, reporting, and secure management of New Zealand's Class-4 gaming venues. EMS gives users the ability to monitor and track gaming machines' operations in clubs and pubs. Intralot ensures the accuracy of financial reporting and the integrity of the casino games.
According to Chris Dimitriadis, the Intralot Group CEO said that this deal's extension is proof of successful cooperation. It also is an endorsement of the high quality of EMS's high-quality performance. He added that the world-class monitoring service's design is as per the standards of the GA (Gaming Association). The Gaming Association is considered to be the most demanding regulatory entity in the industry. He added that they are continuously omitted to support the DIA and help them establish a fair, responsible, and monitored gaming environment for the local community.
A Busy Year for Intralot around the World
The extension of the deal came following another agreement by Intralot back in July. The company signed another extension to its existing partnership with Nederlandse Loterij, the lottery of the Netherlands. Following the new deal, Intralot is going to provide the state lottery operator of the Netherlands with a sports wagering platform.
It reported a 55.5% decline in revenue year-on-year last month, which covered the first half of this year; it justified these losses due to the struggles in the B2C and B2B operations in Bulgaria and Turkey. The revenue for the six months leading to the 30th of June dropped to €168.2m. As for the revenue from the B2C division, it fell to €57.7m.
Intralot was founded in 1992, which is a public-listed company. It is one of the leading gaming solution operations and suppliers with activity in more than 42 licensed regions worldwide. Intralot had a €0.7B turnover with a workforce around the world of 3800 employees back in 2018. It offers secure, stable, and flexible products and services to many organizations and entities around the world, including New Zealand and the Netherlands. In total, Intralot handles more than €18.3 billion of stakes every year. It has its system and products installed in almost 300000 proprietary terminals across the globe. Intralot is also a member of the UN Global Compact. It means that it is a local corporate citizen who is committed to development that is sustainable. Last but not least, it has ISO 27001 and ISO 20000-1 certification in its field.