Novomatic selected to supply 10,000 VLTs

Novomatic was chosen from a pool of five leading international VLT providers and, in addition to lottery terminals,  the company will be providing a jackpot system, maintenance services and assorted spare parts.

The agreement also sets out that the Video Lottery System is to be implemented within a specified time schedule and that the installation of the VLTs is to be in accordance with the rollout plan and will be secured by a bank guarantee for the amount of 20 million euros. In addition, fair and mutual termination provisions have been agreed upon. Also under the agreement, Loteria Romana is granted a proportionate minimum revenue guarantee of 75 million euros.

Novomatic has established a company in Romania to manage the project and the first VLTs will be active in December.

Ryszard Presch, COO of Novomatic and Managing Director of Austrian Gaming Industries (AGI): “For our Group of Companies this agreement is a very important step in the expansion of our market position in the VLT business. This long-term agreement is an endorsement of our competence in this sector and highlights once again our leading role in the international VLT market. I would like to thank our partner, Loteria Romana, for their trust and I look forward to working together with them. I am confident that this cooperation will be successful for both sides.”