Intralot has been the technological provider of CTBC Bank in Taiwan since 2007, when CTBC Bank obtained its first license to issue and operate the lottery.
Intralot will provide CTBC Bank and its Taiwan Lottery Co. subsidiary lottery operator with the LotosX Gaming Platform. This includes the IGMS Instant Games Management System, RetailerX Retailer Management System and Canvas Signage Content Management System.
The deal also covers 5,500 PhotonX terminals to be installed in retailer locations across Taiwan, and necessary maintenance and support services for the operation of the Public Welfare Lottery.
Recovery from Covid-19
The new agreement comes after Intralot last month announced a 29.2% year-on-year rise in EBITDA in the first quarter, as it continued its recovery from the pandemic.
Intralot outlined its progress in Q1 on a number of objectives including the return to profitability, continuing earnings growth and a reduction in the business debt to EBITDA ratio to 3.6x. The company took on significant debt over the course of the Covid-19 pandemic.
The business put the EBITDA growth down to “strong growth” in its US operations, as well as an improved performance in Turkey.
Source: GMB / iGB
