Pollard Banknote Limited is ready for a riveting 2021 filled with improvement and new opportunities, as the lottery leader used the last days of this year to make a special announcement. The company inked a definitive agreement for the purchase of Compliant Gaming LLC in its entirety. The transaction was also finished this week.
It is no secret that the instant ticket leader based in Winnipeg, Manitoba has reshaped the lottery field of Canada. For more than a quarter century this company has been working on and improving the instant ticket production and supporting the five Crown corporations overseeing this offering on a national scale. Now it is time for further improvement which will happen with the latest acquisition.
Compliant Gaming
Pollard Banknote has signed the definitive agreement that will make it possible for the leader to purchase 100 percent of the equity associated with Compliant Gaming. As a result of this move, the Canadian company is projected to benefit from the proficient electronic pull-tab gaming technology the provider is renowned for. Compliant Gaming has also been supporting the charitable gaming market over the years.
It should be noted that the company was founded back in 2014, when it set the tone for its future operation in Minnesota. Offering players a diverse palette of gaming offerings, as well as comprehensive and reliable system support at all times, is what solidified its position on the local gaming scene. Electronic pull-tabs have been among the iconic gaming features first unveiled back in 2012 in Minnesota.
Charitable organizations boosted their gaming activities with the new technology, attracting more individuals fond of the new addition. With their support, sufficient funds were raised for the development of the US Bank Stadium in Minneapolis. Individuals interested in this feature have the opportunity to explore it in bars and restaurants offering special devices allowing gaming on the spot.
CA$24.3 Million
Minnesota gaming enthusiasts have grown to love electronic pull-tabs and the fiscal year that ended June 30, 2020, witnessed net gaming receipts amounting to some US$100 million. Pollard Banknote is ready to benefit from the premium technology successfully implementing it in its own portfolio now that this is possible. It will fit well with the existing and popular Diamond Game technology many individuals enjoy at the moment.
John Pollard, Co-Chief Executive Officer of Pollard Banknote, said that the success achieved by Compliant Gaming over just a couple of years is the thing that made it a good fit for the Canadian instant ticket leader. The purchase itself amounts to some CA$24.3 million and it positions the Manitoba-based leader well for potential future expansion in Minnesota. The fruits of their collaboration will be evident in the foreseeable future.
Earlier this month, Pollard Banknote announced the penning of an extension to its existing iLottery contract with the Michigan Lottery. It will cover the years ahead of July 2026 with its subcontractor NeoGames S.A. individuals hailing from the state will continue enjoying diverse eInstant and draw-based games, among others.
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