6th Apr 2009 07:00
6 April 2009
PartyGaming Plc
("PartyGaming" or the "Group")
PartyGaming signs agreement with INTRALOT
PartyGaming, the world's leading listed online gaming company, today announces that it has signed an exclusive agreement to launch an online poker tournament service in Italy for INTRALOT S.A., one of the world's largest suppliers of integrated gaming and transaction processing systems to state-owned lotteries worldwide.
INTRALOT becomes the first member of PartyGaming's poker network in Italy. Marketing initiatives in Italy will include promoting INTRALOT's online poker through its retail network, which includes 600 betting outlets.
Under the terms of the deal, INTRALOT and PartyGaming will also cooperate to explore opportunities for providing online gaming services in specific markets around the world.
Commenting on today's announcement, Jim Ryan, Chief Executive Officer of PartyGaming, said:
"Our agreement with INTRALOT represents another significant step for us as we aim to create a strong business-to-business operation. We are excited about exploring opportunities with INTRALOT, a leading global gaming technology and services provider, which has a presence in more than 50 countries worldwide, an extensive business-to-government operation, as well as an established and high growth presence in the Italian market. This is our third business-to-business deal in 2009 and we are confident of continuing to build our portfolio over the coming months."
INTRALOT's CEO, Constantinos Antonopoulos, commented:
"We are very excited about our partnership with PartyGaming, one of the world's leading operators that offers high quality online gaming solutions. We are confident that our first cooperation in Italy will set the basis of a fruitful partnership in various markets globally and will enhance INTRALOT´s own online gaming solutions and services."
Contacts:
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PartyGaming Plc |
+44 207 337 0100 |
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Peter Reynolds, Group Director of Corporate Affairs |
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John Shepherd, Director of Corporate Communications |
Editor's Notes
About PartyGaming:
PartyGaming Plc is the world's leading listed online gaming company. Founded in 1997, PartyGaming's shares are shares listed on The London Stock Exchange under the ticker: PRTY and the Group is a constituent of the FTSE 250 share index. In the year to 31 December 2008, PartyGaming's Continuing operations generated revenues of $472.9m and Clean EBITDA of $144.2m. PartyGaming has two primary business areas - its business-to-consumer operations including PartyPoker.com, one of the world's largest online poker rooms, PartyCasino.com, the world's largest online casino and PartyBingo.com, one of the fastest growing bingo sites on the web and its business-to-business operations where the company provides services to third parties. None of the Group's sites accept real money customers located in the US.
PartyGaming is regulated and licensed by the Government of Gibraltar and by the Alderney Gambling Control Commission and is certified by GamCare as a responsible gaming operator. The Group is also a constituent member of the FTSE4Good Index Series which measures the performance of companies that meet globally recognised corporate responsibility standards. For more information, please visit: www.partygaming.com.
About INTRALOT:
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content and sports betting management, to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage which contributes directly to customers' efficiency, profitability and growth. With a presence in 50 countries, with 5,000 people and revenues of more than €1.1 billion for 2008, INTRALOT has established its presence on all five continents.
Related Shares:
BPTY.L