International Game Technology PLC ("IGT") announced that its wholly-owned subsidiary, GTECH Corporation ("the Company"), has signed a two year contract with Hrvatska Lutrija d.o.o., the Croatian Lottery, whereby the company will act as the sole supplier of instant-ticket printing and related services to the lottery. The contract award is the result of a competitive procurement and represents the first time that the company will be providing instant-ticket printing services to the Croatian lottery. It is expected that a minimum of 18 instant-ticket games will be printed over the contract period and solutions and strategies will be offered to help increase revenues for the instant category over the next two years. The profits generated by the lottery help to support good causes including financing organizations that promote the fight against drugs and other forms of addictions, help to meet the needs of people with disabilities, support social and humanitarian activities, technical education, culture, non-institutional education and the upbringing of children and young people.
"We are eager to begin what we hope is a long-term, successful relationship with the Croatian lottery," said Michael Chambrello, CEO, North America Lottery, for IGT. "We will focus on maximizing their profitability, generating incremental funds which will help support good causes. We will also support the lottery's growing business by introducing a more diverse product mix specific to the demands of the Croatian marketplace and their players. The Croatian lottery has much potential for growth and the company is excited to play a big role in their expanding business over the next two years and beyond."
"The Croatian lottery is excited to partner with one of the largest lottery technology providers in the world," said Danijel Feri, chairman of the board, Hrvatska Lutrija."We are confident that IGT will help our lottery to see a continued increase in instant-ticket sales year-over-year. Their reputation for providing superior products and services, along with integrated marketing solutions for instant-ticket customers, makes us very enthusiastic to begin working with them as our sole provider of instant-ticket services."