Jumbo Interactive Signs A Binding Term Sheet With Lotterywest

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Jumbo Interactive Signs A Binding Term Sheet With Lotterywest

TMS Global Services Pty Ltd, a wholly owned subsidiary of Jumbo Interactive Limited (ASX: JIN) has signed an obligatory Term Sheet with Lotterywest, a government owned and operated lottery of WA, to negotiate and enter into a comprehensive pact to provide its online software services for up to the next 10 years. Some of the highlights include:

  • Jumbo will give “Powered by Jumbo” software program to Lotterywest “White Labelled” with Lotterywest branding
  • The software will permit present WA online players approximately $33 million total transaction value for FY20 to choose to continue playing online directly through Lotterywest
  • The software integration is expected to be completed by 21 December 2020

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