Montreal’s Amaya Gaming Group Inc., an entertainment solutions provider for the regulated gaming industry has been awarded an exclusive, 20-year contract with the National Lottery of Moldova to provide a full range of gaming solutions. Amaya will leverage its innovative technology platform to implement and support national gaming programs including: lottery, video lottery terminals, sports betting, and digital gaming.
The agreement represents a significant milestone as Amaya’s first comprehensive government mandate spanning the complete range of gaming programs and activities. The contract has the potential to generate recurring revenues in excess of $20 million annually. Implementation is scheduled to begin in the fourth quarter of 2011.
“We are very pleased to begin a long-term relationship with the National Lottery of Moldova that promises to be fruitful for both parties,” said David Baazov, President and Chief Executive Officer of Amaya Gaming Group. “Our technology is designed to offer a full range of gaming solutions from a single platform, and we believe our breadth of capabilities was a key reason we were selected, along with our ability to ensure the integrity of the system. While Moldova is the first customer to formally select us for this wide range of gaming activities, our strategy is to expand our relationships over time with new and existing customers by offering more gaming technologies in their jurisdictions.”
The partnership will provide the National Lottery of Moldova with new sources of revenue, including funds that are currently leaving the country for off-shore gaming activities. One of the features of Amaya’s technology is designed to ensure the authenticity and accuracy of data collected from devices across the gaming network. The system will enable government authorities to receive real-time, accurate accounting reports that are free of human error, manipulation and/or fraud, while providing the framework for implementing responsible gaming features, including the strict prohibition of underage gaming.