press release of 16 July 2012
THE GERMAN STATE LOTTERIES SELECT SGI & INTRALOT FOR RETAIL AND ONLINE SPORTS BETTING
Following a competitive process, ‘ODS ODDSET Deutschland Sportwetten
GmbH’ (ODDSET) has awarded Scientific Games International (SGI) in
cooperation with INTRALOT with a contract for the operation of sports
betting in Germany both in the retail and the interactive space. Under
the agreement with SGI, INTRALOT will provide the new generation of its
renowned INTRALOT Betting Platform, fully supporting the retail and the
interactive operational modes, together with complete Risk Management
Services and Interactive Operational Services. ODDSET is the newly
established entity that will modernize and develop the existing sports
betting operations in Germany, through the national retail network of
the Deutsche Lotto und Toto Block lotteries, which is comprised of
23,000 points of sale.
Germany’s betting market is among Europe’s largest and is currently
undergoing regulatory reforms. As many as 15 of the country’s 16 regions
signed the Interstate Treaty at the end of 2011 and most of these
regions have already ratified it in their local parliaments. The new
Treaty is in force since beginning of July 2012. Aiming to become the
leader of Germany’s betting market, ODDSET will apply for one of the
twenty upcoming national concessions to be issued for the organization
and brokerage of sports betting for an initial period of seven (7)
years.
Mr. Constantinos Antonopoulos, INTRALOT Group CEO, stated: “We are
very pleased to become part of this great opening of the German market,
one of the most important markets in Europe and worldwide. SGI’s
considerable experience and knowledge of the local market together with
INTRALOT’s extensive know-how of sports betting operations and the
powerful market position of the German State Lotteries create the
synergy to address the challenges of the newly regulated German market.
Our common objective is to establish through ODDSET a modern, attractive
and competitive product portfolio in the German market enabling ODDSET
to become the market leader in sports betting in the Federal Republic of
Germany over the medium term.”
The Parties have the common objective of supporting ODDSET to launch
first in Germany’s regulated sports betting market, which is estimated
to take place before the end of 2012.
About INTRALOT
INTRALOT, a public listed company, is the leading supplier of
integrated gaming and transaction processing systems, innovative game
content, sports betting management and interactive gaming services to
state-licensed gaming organizations worldwide. Its broad portfolio of
products & services, its know-how of Lottery, Betting, Racing &
Video Lottery operations and its leading-edge technology, give INTRALOT a
competitive advantage which contributes directly to customers’
efficiency, profitability and growth. With presence in more than 53
countries, with approximately 5.500 people and revenues of €1.2 billion
for 2011, INTRALOT has established its presence on all 5 continents.
