The agreement between LotRich Information and CTBC Bank, which was awarded the license by the Taiwanese government to operate the lottery, will run for 10 years. LotRich Information, in which Intralot is a major shareholder, will provide CTBC Bank and its Taiwan Lottery subsidiary lottery operator with the LotosX gaming platform. This includes the IGMS instant games management system, RetailerX retailer management system, and Canvas signage content management system. The deal also covers the installation of 5,500 PhotonX terminals in retailer locations across Taiwan, along with maintenance and support services.
Intralot’s recent agreement with CTBC Bank follows a recovery from the impact of Covid-19. The company recorded a 29.2% YoY rise in EBITDA in the first quarter, achieving its objectives of profitability, earnings growth, and reducing the business debt to EBITDA ratio to 3.6x. Intralot attributed the EBITDA growth to strong performance in its US operations and improved performance in Turkey.
