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Genera Networks wins Norsk Tipping contract

Scandinavian firm has been selected via a competitive public procurement to provide a new lottery product to Norway’s state-owned national lottery.

Tuesday 30th August 2011

Scandinavian lottery technology provider Genera Networks has been selected via a competitive public procurement to provide a new lottery product to Norway’s Norsk Tipping AS state-owned national lottery. With offices in Finland and Norway, Genera Networks revealed that the new contract is the third high-profile agreement it has signed in less than four months and is expected to be worth several million euros. “This contract marks the greatest success of Genera Networks to date,” said Maria Sandell, Chief Operating Officer for Genera Networks. “We won this contract in fierce competition with suppliers many times our size, which proves that there is still room for innovation in the gaming industry.” The new lottery product is scheduled for launch during the second quarter of 2012 and aims to raise €30 million a year for good causes in Norway. In accordance with Norwegian law, the nation’s ten largest charity organisations will then split these proceeds. “We have very high expectations for this new lottery,” said Torbjorn Unnerberg, Retail and Brand Vice-President for Norsk Tipping. “Genera Networks’ innovative concept was clearly the best of the participating tenders. We are convinced that we can meet the expectations of the charitable organisations in Norway in a responsible manner with this concept.” “We are extremely proud of this deal,” said Jan Stocklassa, Chief Executive Officer for Genera Networks. “The contract means that our turnover will multiply over the next couple of years and that Genera Networks may continue to grow its presence in the lottery sector. I believe our patented concept has a bright future in many markets.”

Source: OnlineCasinoNews

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