International Game Technology and Loterie Nationale Belgium, the Belgian national lottery, have put pen to paper on an extension to their longstanding partnership. The deal, set to span a maximum of four years, will encompass both retail and online lottery offerings by LNB.
IGT will persist in providing top-of-the-line central systems technology, accompanying lottery products across lottery and ilottery platforms. This renewal agreement signifies a partnership that will exceed three decades, a testament to the productive synergy between the two organisations.
LNB’s Chief Executive, Jannie Haek, affirmed, “LNB has leveraged IGT’s technology and its expertise to help modernise our business and drive growth for the last 30 years.”
IGT’s Potential Business Moves
IGT recently made public that it is considering various “strategic alternatives” for its Global Gaming and PlayDigital divisions.
The board of IGT is mulling over possible options, including a sale, merger, or spin-off of the two business units, and has not ruled out further investment in these segments.
While there’s no set timeline for this review, the intent is clear: unlocking the “full value” of the portfolio. However, IGT has clarified that there’s no guarantee this exploration of strategic alternatives will result in any transaction.
IGT and Loterie Nationale Belgium: implications for iLottery technologies
The developments at IGT and LNB have potential repercussions for the broader iGaming industry:
- Long-term Partnerships: The extension of the IGT-LNB collaboration emphasises the potential rewards of long-term partnerships in the iGaming industry, hinting at the potential for similar long-term collaborations. This makes us wonder how IGT will accompany Belgian Lottery to the shift to decentralised and crypto lotteries.
- Technology Integration: LNB’s continued use of IGT’s technology to drive growth and modernise its business illustrates the importance of technology integration in the iGaming industry, potentially inspiring other operators to take similar steps.
- Business Strategy Shifts: IGT’s exploration of strategic alternatives could hint at a shifting business landscape in the iGaming sector, with potential mergers, sales, and spin-offs potentially reshaping the industry.