Global headwinds continue to mount for Intralot SPA, as its corporate performance is severely impacted by the compound effects of the loss of key technology contracts and COVID-19 constraints recorded across all operating markets. Publishing its H1 2020 interim statement (period ending 30 June), Intralot declared group operating losses (NIATMI) of €42.9m, up 39% on corresponding H1 2019’s €31m. Recording …
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Intralot SPA has detailed a troubled start to 2020 trading, noting steep declines across all core operating metrics and divisions, as its corporate recovery programme has been impeded by multiple novel headwinds. Publishing its Q1 2020 results, the Athens-listed gambling technology and lottery systems provider saw group turnover decline by 47% to €102m (Q12019: €193m). The €90m turnover decline is …
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Issuing a market filing, Athens-listed gambling and lottery systems supplier INTRALOT SPA has confirmed that Chairman Sokratis Kokkalis has ended his interim CEO tenure, confirming Christos Dimitriadis as new company leader. Effective immediate, Kokkalis has transferred day-to-day control of INTRALOT ’s executive team to Dimitriadis who takes the position of Group Chief Executive and is further promoted to serve as …
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Athens-listed gambling technology group Intralot SPA has posted a further quarter of negative declines across its core business metrics and KPIs as it continues to focus on a business transformation programme to counter corporate headwinds for its operating markets. Publishing its latest Q3 2019 trading statement (period ending 30 September), Intralot reports a 6% decrease in year-to-date revenues of €555 million …
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As anticipated Nasdaq gambling technology group Scientific Games Corporation (SGC) has announced a major supplier win, confirming that it will takeover the management of the Turkish IDDAA sports betting concession, in partnership with Turkish media conglomerate Demirören Holdings. Servicing 5,300 Turkish retail betting points, SGC and Demirören have established new joint-venture ‘Şans Girişim’, the company which will operate the ten-year …
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Athens-listed gambling and lottery systems provider Intralot SPA has confirmed that its Turkish subsidiary INTELTEK will continue to act as lead ‘operations and technical support partner’ of Iddaa betting shop/points. Issuing a short market update, Intralot confirms that Turkish state-owned gambling enterprise SporToto has agreed to extend its Iddaa technology agreement with INTELTEK for a further year, commencing 29 August …
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