INTRALOT was granted a lottery contract by the Loteria de Concepcion in Chile for the supply of technological solutions and management of lottery games in the country. The contract has an initial term of 7 years with an option of 3 annual renewals. Additionally, the parties agreed to expand their agreement in South America.
Loteria de Concepcion, founded in 1921, is the oldest lottery and one of the two leading gaming operators in Chile. It offers lottery games, such as KINO, IMAN, Kino5, Raspes, BOLETO, etc, under a license granted by the Chilean Ministry of Finance.
A significant percentage of the lottery's revenues is offered to Good Causes assisting financially different organizations, such as the Red Cross, University of Concepcion, welfare institutions and sport organizations.
The CEO of the Loteria de Concepcion, Mr. Mariano Campos, stated: "We are very pleased to enter in this strategic cooperation with INTRALOT and explore jointly business opportunities in Chile and Latin America. We are confident that based on INTRALOT's experience and technological know-how we will manage to get the Loteria de Conception into a new era, serving our purpose which is the support and the development of the local community."
Mr. Constantinos Antonopoulos, INTRALOT Group CEO, commented: "INTRALOT considers Chile as an important and very challenging country to pursue business opportunities in. This country became one of our first international milestones, as we have strongly believed in the dynamic of the local gaming market. We are confident that through our partnership with the Loteria de Concepcion we will manage to boost the Lottery's performance and thus increase its contribution to good causes in the country, and look into opportunities in the wider region of Latin America."