WINNIPEG, June 23 /CNW/ - The Cyprus Government Lottery has awarded Pollard Banknote a contract for the production of instant lottery tickets. Under this agreement-which comprises an initial term of two years and includes two additional one-year renewal options-Pollard Banknote will serve as the Cyprus Government Lottery's exclusive supplier of instant tickets, providing services such as game design, ticket production, marketing support, and strategic planning.
"We are delighted that the Cyprus Government Lottery has chosen Pollard Banknote as its instant ticket supplier," said Gordon Pollard, Co-Chief Executive Officer, Pollard Banknote. "Our company last worked with the Cyprus Government Lottery in the early nineties and we are very excited to renew our relationship. We welcome this opportunity to once again work with the Lottery to enhance its instant ticket program and provide exciting new games to the Cyprus marketplace."
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 profit from Lottery operations is transferred into the Consolidated Fund of the Government of Cyprus, from which the government budget is financed.
About Pollard Banknote Limited
Pollard Banknote Limited ("PBL") is one of the world's leading full-service lottery vendors and is a major supplier to North America's charitable gaming industry. The company manufactures instant tickets and provides related programming, design, and marketing support. As well, PBL manufactures pull tab tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, PBL is owned approximately 73.5% by the Pollard family and 26.5% by public shareholders and currently serves more than 45 lotteries worldwide, including some of the largest and most respected lotteries in the United States, Canada, Europe, Asia, and Central and South America.
Certain statements in this press release may constitute "forward-looking" statements and information which involve known and unknown risks, uncertainties, and other factors which 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.
SOURCE Pollard Banknote Limited
For further information: For further information: Gordon Pollard (email@example.com) or John Pollard (firstname.lastname@example.org), Co-Chief Executive Officers, Phone: (204) 474-2323, www.pollardbanknote.com