As Maltco’s 10 year lottery concession in Malta is drawing to an end next year, a new operator, National Lottery plc, has been appointed as the new concession holder following a €105 million bid.
The company was one of two competitors seeking the concession. The other, the Sisal Malta Consortium submitted a €53 million.
National Lottery is majority owned by Izi Group plc, and has the group’s majority shareholder, Johann Schembri as a director, according to the Malta Business Registry.
Izi Group also owns leading local gambling company Izibet, which offers both online and retail gambling services to customers, and holds the majority of shares in Peninsula Gaming Group, which operates the popular Dragonara Casino via Dragonara Gaming limited.
Proposals for a new national lottery licence were invited from October 8th, after which bids received were analysed by technical and financial advisory boards
Financial offers were opened on Monday, with the preferred party chosen on a basis of making the highest offer.
Whether you prefer the thrill of in-person challenges or the convenience of virtual engagements, the Malta-based team building company has something spooky and spectacular to offer
He will help support the handover to Platform & Sportsbook CEO Richard Carter and provide ongoing support to the board of directors until the year end
The agreement will see a number of next-generation sports betting games made available to operators via iGaming Deck powered by iGP
The deal will see Kaizen Gaming’s players gain access to the studio’s latest hits