Pollard Banknote Says Colorado Lottery Publishes Notice of Intent to Award Co as Apparent Successful Vendor for Lottery Digital Solution Contract

FINWIRES Analysis

Winning 'apparent successful vendor' status for a full iLottery stack expands Pollard's recurring digital revenue beyond its traditional printed-ticket base, the higher-growth side of the lottery market. The muted share reaction reflects the contingent nature of the award, still subject to protest and background review before contract execution. Conversion to a signed deal is the catalyst to watch.

Key Takeaways

Win expands recurring digital iLottery revenue

Award still contingent on protest period

Signed contract is the real catalyst

Pollard Banknote (PBL.TO) announced that the Colorado Lottery published a notice of intent to award the company as the "Apparent Successful Vendor" for the Lottery Digital Solution contract, it said on Monday.

The program encompasses an iLottery platform, website and mobile application, player loyalty and rewards, marketing programs, and games, the company said.

"The award is subject to the protest period and the completion of a standard background investigation and execution of the formal contract," it added.

Shares of the company closed up 0.3% to $16.04 on Friday on the Toronto Stock Exchange.

Air Canada Customer Service Agents Ratify a New Four-Year Contract

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$AC.TO

Kootenay Silver Says Contract Miner Missing Following Accident at Columba Project

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Avalon Advanced Materials Appoints PJ Juvekar to Its Board of Directors

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