Intralot Extends Contract with Morocco’s MDJS Until 2025

Intralot Extends Contract with Morocco’s MDJS Until 2025 – Ensuring Continued Partnership

Intralot, a prominent player in the gaming industry, has exciting news to share. The company has recently confirmed a two-year extension to its existing games operator contract with La Marocaine Des Jeux et des Sports (MDJS), strengthening their long-standing partnership. This extension brings assurance and continuity to their collaboration until December 2025.

A Decade-Long Partnership Continues

Intralot has been a trusted partner of MDJS since 2010, demonstrating a decade-long commitment to providing top-notch gaming solutions. Under the extended agreement, Intralot will continue to operate MDJS’s lottery, alongside offering sports betting opportunities and various other games of chance.

Navigating Previous Challenges

The road to this extension was not without its challenges. In March 2021, Intralot and MDJS agreed to amend the terms of an eight-year deal signed in 2019, originally set to conclude in December 2022. This adjustment aimed to align their partnership more effectively.

Despite MDJS initiating a tender in January 2022 for a new supplier, a one-year extension was agreed upon in March 2022. This recent extension, announced in January 2024, underscores the resilience and strength of the relationship between Intralot and MDJS.

Financial Progress and Future Commitments

While Intralot celebrated a return to net profit in Q3 2023, with gross gaming revenue (GGR) witnessing a 2.2% year-on-year increase, certain financial challenges persist. Notably, the expiration of Intralot’s Malta license in July 2022 led to a substantial turnover drop and a corresponding GGR loss of €43.9 million.

Intralot is working diligently to address these financial concerns. The company issued €135 million in new shares to mitigate these challenges. The positive growth in various regions, including Turkey, Croatia, Taiwan, and the US, has contributed to Intralot’s improving financial stability.

The contract extension with MDJS reaffirms Intralot’s commitment to providing exceptional gaming experiences and solidifying enduring partnerships in the industry. It’s a testament to their resilience and determination to overcome obstacles while continuing to offer innovative gaming solutions to their partners and players alike.