International Game Technology has signed a ten-year to its existing agreement to provide its private management lottery services to the four license holders and beneficiaries of The Barbados Lottery.
Undertaken via the organisation’s IGT Global Services subsidiary, the firm is to continue to provide its current lottery services, including sales, marketing, advertising and retail agent provision.
“This amendment to extend our private management lottery services in Barbados demonstrates all four beneficiaries’ confidence in IGT’s expertise in responsibly growing the Lottery,” said Declan Harkin, IGT chief operating officer of international lottery.
“We look forward to enhancing this robust program through new and existing solutions that engage players, drive growth, and generate funds for good causes that ultimately benefit all Barbadians.”
As part of IGT’s ongoing services under the original agreement, it will deploy new retail terminals and ticket checkers as well as introduce self-service vending machines to the market.
IGT will also continue to provide peripheral equipment for social space games, which are numbers games displayed on a monitor and played in settings such as bars and restaurants.
In a joint statement, Lottery beneficiary officials Sandra Osborne, president of the Barbados Olympic Association, Conde Riley, president of the Barbados Cricket Association, Rosette Peirce, CEO of the Barbados Turf Club and Neil Murrell, acting director of sports at the National Sports Council, commented: “Our long-term partnership with IGT has proven to be the major driving force behind our ability to consistently contribute to the development of sports, youth, and cultural programs in Barbados.
“A significant portion of our organisations’ income is derived from IGT-generated revenues, and it is these funds that enable us to deliver vital programs for all Barbadians to enjoy.
“This extended partnership with IGT is the proven and optimal way in which we can boost our revenues and sustain programs well into the future. We are excited to continue our partnership with IGT for years to come as we continue to focus on our missions and foster the development of our Barbadian talent.”
The amendment extends IGT’s current agreement from 2023 through to 2033 and includes a provision for two additional five-year renewal terms.