WINNIPEG, Sept. 26, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce it has signed a contract with Diamond Game Enterprises ("Diamond Game") to supply break-open tickets for Diamond Game's break-open ticket dispensers to the Ontario Lottery and Gaming Corporation's ("OLG") Charitable Gaming Centres. Under this agreement with Diamond Game, Pollard Banknote will be responsible for printing the tickets as well as providing warehousing and distribution services for a five-year initial term.
California-based Diamond Game, which designs, manufactures, and services games and gaming systems for the public gaming and charity markets, is supplying ticket dispensers to OLG. These dispensers scan pre-printed, variable imaged break-open tickets and display the results on a video screen, providing a visual and audio enhancement of the traditional break-open ticket.
"While Pollard Banknote has been manufacturing break-open tickets for years, our partnership with Diamond Game takes the product to a new and dynamic level," said Doug Pollard, Co-Chief Executive Officer of Pollard Banknote. "These dispensers, together with Pollard Banknote's unique product, will offer Charitable Gaming Centres an exciting twist on paper-only break-open tickets."
"Our break-open ticket dispensers will assist OLG in its efforts to revitalize the charitable gaming market in the province," stated President and Chief Executive Officer of Diamond Game, Jim Breslo. "This product””a modernized gaming alternative that enhances players' entertainment level””will help attract a broader gaming audience. We trust Pollard Banknote's technical capability and manufacturing capacity to supply tickets that meet the requirements for a successful and long-term product offering."
To date, OLG, the first Canadian lottery to purchase the break-open ticket dispensers, has placed 400 dispensers in 14 Charitable Gaming Centres. Over the next two to three years, Diamond Game and OLG anticipate the placement of dispensers in additional Charitable Gaming Centres across the province of Ontario.
About Pollard Banknote Limited
Pollard Banknote Limited 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 lottery tickets and provides related programming, design, and marketing support. As well, Pollard Banknote manufactures break-open tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, Pollard Banknote is owned approximately 73.5% by the Pollard family and 26.5% by public shareholders and currently serves more than 50 lotteries worldwide, including some of the largest and most respected lotteries in the United States, Canada, Europe, Asia, and Central and South America. For more information, please visit our website at www.pollardbanknote.com.
Certain statements in this press release may constitute "forward-looking" statements and information, which involve known and unknown risks, uncertainties, and other factors that 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