Intralot is going to be Victoria’s new single electronic gaming machine (EGM) monitor. Minister for Gaming Michael O’Brien announced this week that the licence awarded to the Greek interests company will commence in August 2012.
The 15-year EGM Monitoring Licence is the final licence to be awarded as part of the restructure of Victoria’s gambling industry.
Intralot will provide the electronic monitoring system for all hotel and club gaming machines in Victoria. The licensee is also required to provide relevant data and information on gaming machines for regulatory, taxation and research purposes.
The minister’s decision follows a report by the Secretary of the Department of Justice on assessments of the two competing bids from Intralot and Maxgaming Vic Pty Ltd (Tatts).
“I have accepted the Secretary’s recommendation that, based on the assessments, it is in the public interest that Intralot’s application for the monitoring licence be granted,” Mr O’Brien said.
“The Secretary’s report was clear that IGS was the preferred bid. IGS’s bid offered a fair and competitive pricing model and agreed to comply with the terms and conditions of the monitoring licence and related agreement,” Mr O’Brien said.
Intralot is a leading supplier of monitoring services to licensed gaming organisations worldwide and has proven, modern technology.
Intralot currently provides monitoring services in New Zealand, Italy and several other countries.
The Gambling Licences Review project under which Intralot managed to gain the licence is subject to strict probity requirements, with an independent Probity Auditor and the Independent Review Panel (IRP) ensuring transparency of the licensing process.
The IRP’s report found no impediment to the Minister proceeding to make the decision. The report is expected to be tabled soon in Parliament.