WINNIPEG, Manitoba, June 16, 2014 /CNW/ – Pollard Banknote Limited (TSX: PBL) (Pollard Banknote) is pleased to announce it has been granted a one-year contract extension from the Cyprus Government Lottery. Under the contract extension, which commenced on March 19, 2014, Pollard Banknote remains the Lottery’s exclusive supplier of instant scratch tickets and related services, including game design, ticket production, marketing support, and strategic planning.
Since 2010, Pollard Banknote has been working with the Cyprus Government Lottery to refresh its instant ticket portfolio. This collaboration has resulted in the introduction of new play styles and improved prize structures with the goal of increasing player excitement.
“Pollard Banknote very much appreciates this opportunity to continue our relationship with the Cyprus Government Lottery,” said Doug Pollard, Co-Chief Executive Officer. “Over the last few years, we have learned a great deal about the Cyprus market, and with this new contract extension, we look forward to working with the Lottery to further enhance its instant game program.”
“This latest contract extension will allow us to build on our partnership with Pollard Banknote,” said Marios Constantinou, Chief Administrator of the Cyprus Government Lottery. “We have worked with Pollard Banknote to develop some exceptional games, such as Merry Christmas. Designed and printed by Pollard Banknote, this game earned the accolade of bestselling instant game in the Lottery’s history.”
The Cyprus Government Lottery was established shortly after the Independence of Cyprus in 1960 and entered the instant ticket market in 1979. The Lottery operates in accordance with the Cyprus Government Lotteries Law and Regulations. Net profits from Lottery operations are transferred into the Consolidated Fund of the Government of Cyprus, from which the government budget is financed.
About Pollard Banknote
Pollard Banknote is a leading lottery partner to more than 50 lotteries worldwide, providing high quality instant ticket products, licensed games, and strategic marketing and management services for both traditional instant games and the emerging iLottery space of web, mobile, and social channels. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also plays a major role in the charitable pull-tab and bingo markets in North America. Established in 1907, Pollard Banknote is owned approximately 73.5% by the Pollard family and 26.5% by public shareholders and is publicly traded on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.
Certain statements in this press release may constitute “forward-looking” statements and information, which involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. When used in this document, such statements include such words as “may,” “will,” “expect,” “believe,” “plan,” and other similar terminology. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this document. There should not be an expectation that such information will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future events, or otherwise.
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