The transition agreement will run for a maximum period of four years and cover LNB’s retail and online lottery offering.
IGT will continue to provide central systems technology and related lottery products across lottery and ilottery.
The renewal agreement will extend the partnership between IGT and LNB to more than 30 years.
“LNB has leveraged IGT’s technology and its expertise to help modernise our business and drive growth for the last 30 years,” LNB chief executive Jannie Haek said.
“This extension ensures players will continue receiving the same high-quality experiences they enjoy at the retail point of sale and while playing online.”
IGT’s chief operating officer for global lottery, Jay Gendron, added: “IGT has worked with LNB to stay ahead of ever-evolving lottery trends and innovations.
“IGT’s flexible core lottery and ilottery systems power LNB’s retail, digital and omnichannel sales. A variety of related components also support the Lottery in its efforts to offer players responsible and exciting experiences.”
Potential Global Gaming and PlayDigital sales
Earlier this month, IGT announced it was considering a number of “strategic alternatives” for its Global Gaming and PlayDigital segments.
IGT said its board was looking at potential alternatives that could include a sale, merger or spin-off of the two businesses. The group’s board will also consider both retaining and further investing in the segments.
The evaluation of alternatives, IGT said, will seek to unlock the “full value” of its portfolio but did not set a timeline for the review.
The group also said that there is no assurance the exploration of strategic alternatives will result in any transaction.