IGT and Malta’s National Lottery Agree on 10-Year Deal – All You Need to Know

A 10-year contract has been signed between IGT (International Game Technology) and the Malta National Lottery. Complementing this, they also agreed on a partnership allowing instant printing services with the lottery. Without a doubt, this agreement is beneficial for Malta’s lotto services.

The CEO of IGT, Jay Gendron, explains that the company has also implemented a comprehensive lottery system, added two new games, and an extra draw day for Malta’s most successful game – LOTTO. Read along to learn all about IGT’s deal with the National Lottery in Malta.

Who are IGT?

IGT, or International Game Technology, is a multinational gambling company that produces slot machines and other gambling technology. They are a global leader in the iGaming industry, and their signing of a 10-year contract with the National Lottery will undoubtedly be beneficial for Malta’s progress in the industry.

The CEO of IGT, Jay Gendron, explained that together with the National Lottery, they have formed a comprehensive lottery system. This proved to be a challenge, but IGT is confident that the deal will bring new technology and allow the implementation of new draw-based games for a record time.

IGT’s Contract for the Lottery in Malta

The IGT and Malta lottery deal is a collaboration between the two beneficiaries that is expected to run through 2032. The main idea is that this will help the National Lottery to introduce instant tickets to customers within the market.

International Game Technology’s subsidiary, IGT Global Services Limited, is involved in the 10-year contract with Malta’s new operator of its National Lottery and IZI Group’s subsidiary – National Lottery plc. This resulted in the company’s world-class central system going live within the country back in July 2022.

Jay Gendron is understandably excited to power up Malta’s National Lottery, and this deal will be beneficial to its success.

The Effect on the Maltese Lotto Market

IGT’s new technology will bring new opportunities to Malta’s lottery market. The collaboration was able to deliver an extra draw day for Malta’s most successful game. Additionally, there will be two new draw games – Super 5-4-3-2-1, and Pick 3. These additions will be significant for the success of the National Lottery’s retail growth.

The reintroduction of instant lottery tickets for the lottery’s customers is a very important win for Malta’s National Lottery. We will see how the deal will progress and what the additional benefits will be. IGT provides technology for eight out of ten of the largest lotteries throughout the world. This collaboration is nothing but good news for the country’s industry.

Deadlines, Specifics and Details

National Lottery plc and IGT’s collaboration will have a seven-month timeline to implement this comprehensive lottery system and deploy the new equipment throughout Malta’s retailers, says Jay Gendron.

He also outlined the process of delivering retail equipment. According to Jay, this new technology and its implementation will bring the new-draw-based games quickly. Gendron concludes that they are “focused on working with the Lottery to inspire continued sales growth responsibly through innovative technology and compelling instant ticket content to engage players”.

IZI Group CEO Johann Schembri’s Opinion

The CEO and founder of IZI Group, Johann Schembri, is excited about the newly formed collaboration with IGT. Their technology is one of the best in the industry, and the company’s leadership is unmatched. Schembri thinks that IGT is the perfect partner for Malta’s National Lottery.

Johann also believes that IGT’s solutions and services will deliver a wonderful end-user experience and that the IGT lottery deal with Malta is an outstanding milestone for the country’s lotto development.

Summary and Conclusion

It goes without saying that the deal between IGT and the National Lottery will have a positive impact on Malta’s industry market and its lotto operators. The list below will provide a summary of the key events that involve the deal with IGT.

• IGT and the National Lottery enter a 10-year deal
• The contract also involves the printing of instant tickets
• Two new draw games are added – Super 5-4-3-2-1 and Pick 3
• Chief officer Jay Gendron believes this will make a positive impact
• IZI Group CEO Johann Schembri also agrees

Only time will tell how the deal progresses, but as we discussed and saw the current events, the situation looks promising. The latest lottery news in Malta will keep you informed regarding any developments of this story or any updates to the country’s lotto market.