The gambling consortium consisting of GTech, a subsidiary of the Lottomatica Group S.p.A., and the Argentinian company BOLDT Gaming S.A. move forward with online lottery under Costa Rican gambling laws.
The online lottery operation was approved by the Costa Rican Controlling Office and will commence its six-year contract, which was undersigned last December with La Junta de Proteccion Social (JPS).
According to the terms of the deal, GTech and BOLDT will offer support to JPS, which will extend to development of lottery games, retail management, supply of technology and services for online casinos in Costa Rica, marketing and brand execution, logistics and warehousing for the Costa Rican online lottery.
JPS in turn will offer regulatory compliance and will continue to operate all the lottery draws in the country. On top of the initial six years, the contract stipulates two 2-year automatic extensions, meaning the contract will actually last for 10 years, once the operations are up.
President and CEO for GTech, Jaymin B. Patel, told Costa Rica gambling news: “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.”
Francisco Ibarra, JPS General Manager, commented: “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.”
He went on to add: “We are certain that GTech/BOLDT will bring a wealth of experience in order to have a successful operation in Costa Rica.”