Online Bingo News - GTECH Deal in Central America Receives Approval
5th of June 2012 - latestbingoobonuses.com
Office of the Comptroller in Costa Rica gives its consent
It’s now official – the six-year deal signed by the Lottomatica Group S.p.A. subsidiary GTECH and Argentinean BOLDT Gaming S.A. consortium with La Junta de Proteccion Social has received final approvals from the "office of the Comptroller" in Costa Rica.
Based on the deal, JPS will receive support from the GTECH and BOLDT consortium for lottery game development, retail management, the supply of technology goods and services, marketing and brand execution, logistics, and warehousing for the Costa Rican online lottery, while on the other side JPS will provide the venture with regulatory oversight and continue to perform all lottery draws.
In addition, the agreement envisages the possibility of two biannual automatic extensions, bringing the total contract length to 10 years from the start of operations of the system.
According to GTECH president and chief executive officer, Jaymin B. Patel, "As the new lottery operator, the GTECH and BOLDT consortium will offer JPS the flexibility to evolve their gaming enterprise, and integrate new business technologies and gaming products, all in a socially responsible manner."
It has been added by General Manager of JPS, Francisco Ibarra: "We are pleased with the results of the tender process and are confident that the GTECH/BOLDT consortium, given its deep global experience, will develop the online portfolio to ensure that Costa Ricans have access to socially responsible gaming. We are certain that GTECH/BOLDT will bring a wealth of experience in order to have a successful operation in Costa Rica."
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