Snai announces the temporary halt of its vlt Barcrest platform


Snai announces the temporary halt of its vlt Barcrest platform

snai_standSnai operates in the video-lotteries segment through two platforms, one of which is supplied by Barcrest Plc. On the afternoon of 16 April 2012, an unusual peak in payment requests occurred on the Barcrest system based upon only apparently winning tickets. Upon the occurrence of this anomalous episode, the Company immediately blocked the Barcrest System, in order to perform the necessary verifications and inspections, including the examination of the database containing the registrations of all gaming transactions concluded on the platform and on its approximately 1,450 terminals, including the related system logs.

In compliance with the Aams regulation and the obligations imposed by law upon operators authorized to receive lawful gaming revenues through VLTs, this database, which is unalterable and protected, has been made available to the competent authorities for further verifications in order to protect the interests of the players and all of the parties involved.

Based upon the evidence currently in Snai’s possession, it appears that:

  • no jackpot was won any time on Monday, April 16 2012;
  • the causes of the events which led to the printing of tickets which anomalously indicated mounts which appeared to refer to jackpots were limited and will be discussed with the regulatory authorities, which have been promptly informed.  The Barcrest System which, as already mentioned, has been temporarily closed, will remain closed also for purposes of protecting the integrity of the electronic database.

SNAI, the official concession-holder for the Italian market, is committed to ensuring the highest quality standards in its gaming products and services. Therefore, all bets that qualify as “winning” in compliance with the applicable laws and regulations currently in force, will be honored.

Snai will continue to conduct verification activities and will announce, promptly once such information becomes available, all relevant information concerning the platform supplied by the supplier   Barcrest.

The revenues generated by the Barcrest platform currently represent approximately one-third of SNAI’s revenues in the video-lotteries segment.