The transition agreement between IGT and LNB will have a maximum duration of four years and will cover LNB’s retail and online lottery offerings.
Under this agreement, IGT will continue to provide central systems technology and related lottery products for both traditional lottery and online lottery, strengthening the partnership that has lasted for over 30 years.
LNB’s CEO, Jannie Haek, expressed satisfaction with the partnership, stating that IGT’s technology and expertise have helped modernize their business and drive growth for the past three decades. He added that the extension of the partnership ensures players will continue to receive high-quality experiences at retail points of sale and while playing online.
IGT’s Chief Operating Officer for Global Lottery, Jay Gendron, emphasized the collaboration between IGT and LNB in staying ahead of evolving lottery trends and innovations. Gendron highlighted how IGT’s flexible core lottery and ilottery systems power LNB’s retail, digital, and omnichannel sales, supported by various components that enhance responsible and exciting experiences for players.
IGT recently announced it is exploring potential strategic alternatives for its Global Gaming and PlayDigital segments. These alternatives could include a sale, merger, or spin-off of the two businesses. The evaluation process aims to unlock the full value of IGT’s portfolio, but there is no set timeline for the review, and it does not guarantee any transaction will take place.
