Intralot shortens Moroccan contract to “enhance resilience”
Greek lotteries and gaming supplier Intralot has reduced the duration of its contract with Moroccan state operator La Marocaine Des Jeux et des Sports (MDJS), so that it ends on 31 December, 2022.
Intralot said the amendment was designed to enhance resilience in the context of the novel coronavirus (Covid-19) pandemic, and its effects on the overall lottery market.
The organisations’ existing contract was signed in June 2019, and was intended to last for a period of 8 years.
Its subsidiary Intralot Maroc, which the supplier said has been a successful partner of MDJS since 2010, will continue to support the operator with the overall management and operation of its lottery, sports betting and other gaming activities.
In the past year, Intralot has extended several of its contracts globally while shortening others.
In July, the supplier extended its partnership with the Dutch lottery operator, Nederlandse Loterij, to provide it with a sports betting platform.
Its partnership with Australia’s Lotterywest, meanwhile, was extended to last until January 2026 earlier this year, in a deal which will see Intralot Australia continue to provide its products and services for the operation of the state lottery of Western Australia.
In February, the supplier agreed to sell its entire stake in South American subsidiary Intralot de Peru SA to private equity firm Nexus Group in Peru, for a cash consideration of $21m (£15.2m/€17.4m).
In November, Intralot announced that it expected earnings to be reduced by between €25m and €28m due to the impact of the Covid-19 pandemic.
A deal announced today saw Intralot continue its expansion into the US, as it announced the launch of a series of free-to-play games in partnership with game developer Incentive Games, through the Montana and Washington, DC lotteries.