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Novomatic to Supply Loteria Romana

Slot manufacturer and operator Novomatic Group announced that its Austrian Gaming Industries subsidiary has entered into an agreement with Romania’s Loteria Romana to supply 10,000 video lottery terminals, with revenues split evenly between the supplier and the lottery.

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 secured by a bank guarantee for the amount of €20 million. 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.