Betting group BetMakers Technology announced this week that they've come to terms with Norsk Rikstoto and will become the company's new technology provider moving forward.
The deal will be good for 10 years and will see BetMakers providing its Global Tote Quantum product to Norsk Rikstoto, replacing the current system that powers betting services in the country. The technology will provide both backend and frontend tools to Norsk Risktoto's internet, terminal, and mobile products.
Norsk Risktoto has been Norway's sole betting company and it also offers horseracing services throughout the country.
Regarding the deal, Norsk Risktoto Director of Gaming Services Christofer Moestue Huseby said, "The betting system is Norsk Rikstoto's most central and critical component, so its replacement had to offer a sophisticated technological and service solution with a powerful core platform from which to deliver an engaging responsible gaming experience to our customers.
"Global Tote's stature in the racing and betting industries is well established, its technologies and services are advanced, and we believe its integration capabilities will allow Norsk Rikstoto to integrate the new betting system with our existing web, mobile and terminal platforms."
BetMakers CEO Todd Buckingham added: "Further to this new Norway deal expanding Global Tote's footprint in Europe, we are particularly proud of the fact that, as a company, BetMakers now provides key tote betting services to three of the four Nordic countries that offer betting on racing. Global Tote is the chosen national tote services provider of the Nordics in Denmark, Finland and Norway. "