Magnum Corporation Berhad has successfully launched INTRALOT''s online gaming system in Malaysia, after the project was awarded by Magnum Corporation Berhad, the most established gaming company of the country. Following an international tender, INTRALOT has signed an eight (8) years'' contract with option to extend for up to another two (2) years. The contract value is estimated to be $ 15,5 million.
The project includes the procurement, installation and support of an advanced, integrated lottery system comprised of up to 2,200 CORONIS terminals, the core operating system LOTOS, including the game software and a state-of-the-art leased line telecommunications infrastructure. Significant emphasis will be placed on increasing games'' sales through the implementation of games variations and therefore on the growth and the vivification of the local gaming market.
The sales'' network will be covered State by State, as per the roll-out plan of Magnum Corporation Berhad. It is estimated that the remaining 6 States will be fully operational within the next 2 - 3 months.
Mr. Lawrence Lim Swee Lin, the Executive Director of Magnum Corporation Berhad stated: 2007 is truly a milestone for Magnum Corporation Berhad. The conversion from the old to the new Online Gaming System has been successful and we foresee that with the completion of the nationwide roll-out, this new system will enable Magnum to boost our retail network with state of the art technology, providing our agents with new functionalities and enhancing the satisfaction of our customers. This together with our other activities will further strengthen our position as the market leader in the gaming industry in Malaysia.
INTRALOT S.A. CEO, Mr. Constantinos Antonopoulos stated: We are very pleased to have successfully launched this project in Malaysia, as a result of our close and exemplary collaboration with Magnum Corporation Berhad - one of the most experienced and technologically advanced lottery operators in Asia. Since the beginning, we were confident about the successful implementation of the overall system, as our cooperation with Magnum was given in all aspects of the project - from the terminals'' provision to the setup of the state-of-art telecommunications infrastructure which is necessary for the flawless operation of our system.