The National Lottery of Malta will be operated by National Lottery plc, a subsidiary of IZI Group, after bidding €105m for the 10-year contract.
National Lottery plc will take over Lotto, Super 5 and all other lotteries from Maltco, the current contract holders, which did not bid for a second term in charge.
Hosting the call for the lottery, the Privatisation Unit of the Maltese Government received two bids before choosing the IZI Group-owned firm.
The unit called upon proponents on October 8 to prepare bids and was invited to attend the opening sessions of the proposals.
Following this, the Maltese authority put together technical and advisory boards to analyse the technical and financial aspects of the proposals received.
After two bids were received, the technical and financial proposals were evaluated by the advisory boards, following which, the proponents were invited to attend a session earlier this week to choose the winner of the concession.
National Lottery plc placed a bid of €105.08m whilst Sisal Malta Consortium bid €53.33m. As a result, NL will take over from Maltco in July 2022 when the latter’s current concession period expires.
Maltco took over the lottery in July 2012 after signing a 10-year contract with the Maltese government, however, decided against bidding for a second term.