The Ministry of Finance, the Economy and Investment has announced that the winning bidder for the National Lottery of Malta Concession is Maltco Lotteries Limited. Maltco had offered Euro39,100,000 for the ten year concession which will commence from the 5th of July 2012.

The Call for Tenders was made on the 24th of October 2011. Two bidders, Maltco Company Limited which has been running the National Lottery since 2004 and GTech-BETCO Consortium submitted their tenders on the 5th of January 2012.

Following the Adjudicating process both bids satisfied the technical and financial requirements laid down in the Call for Tender.

The bidders had also satisfied the due diligence criteria laid down in the Call for Tender and necessary to satisfy the Fitness and Propriety requirements of the Lotteries and Gaming Authority to issue the operator licence.

On this basis both bidders qualified to move on to the third stage of the process that is the opening of their financial offers, which were opened today, Thursday the 22nd of March 2012 in the presence of a Notary Public and representatives of both bidders.

The highest bid of Euro39,100,000 was offered by Maltco Lotteries Limited. The second bidder, GTech-BETCO Consortium, offered Euro 36,205,505.

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