Tag Archives: intralot

Betsson, Intralot, Rush & SG Digital qualify for Córdoba ARG licences 

SBC News Betsson, Intralot, Rush & SG Digital qualify for Córdoba ARG licences 

Lotería de Córdoba, the lottery board of the Argentine province of Cordoba, has sanctioned eight online gambling licences that have been granted to local businesses and authorised partnerships. The application process was overseen by an ‘evaluation committee’ which disclosed in August that it had received 10 applications for Cordoba licences.  The executive of Cordoba had replicated the licensing conditions adopted …

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Intralot returns to H1 profits but warns of global headwinds

SBC News Intralot returns to H1 profits but warns of global headwinds

Intralot SPA has declared a ‘steady first-half of year’ as group leadership continues to monitor drastically changing economic and political dynamics impacting the value chain of its global business. Publishing its interim H1 2022 trading statement, the Athens-listed gambling and lottery technology group reported corporate revenues of €205m (H1 2021: €203m). A breakdown of product performance saw Intralot’s Lottery services …

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Intralot narrows Q1 losses as group reorganisation improves balance sheet results  

SBC News Intralot narrows Q1 losses as group reorganisation improves balance sheet results  

Intralot SPA continues its recovery momentum into 2022 trading as its core business units and global divisions maintain growth benefitting from the group’s capital restructuring programme. Publishing its Q1 trading update (period ending 31 March), the Athens-listed gambling technology group registered corporate revenues of €415m – up 20% on corresponding 2021 results of €345m. The €70m increase in consolidated revenues …

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MDJS updates tender terms for Morocco lottery and sportsbook contract

SBC News MDJS updates tender terms for Morocco lottery and sportsbook contract

La Marocaine des Jeux et des Sports (MDJS) – Morocco’s state-owned lottery operator, has published an updated procurement notice for bids to participate in its tender to manage its lottery, sports betting and gaming activities.  This January, MDJS alerted global lottery stakeholders that it would launch an international tender to find a new operating partner for its flagship LOTO Maroc …

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Intralot hails Sokratis streamline as business tracks YTD earnings of €57m   

SBC News Intralot hails Sokratis streamline as business tracks YTD earnings of €57m   

Intralot SA cites confidence in achieving its 2021 financial objectives, as the group’s trading benefits from a reorganised structure supporting an all-unit business recovery.  Publishing its nine-month 2021 trading report, Intralot has registered group year-to-date revenues of €303 million, up 24% on 2020 YTD comparatives of €243 million.  The Athens-listed technology group cited that top-line growth was driven by a …

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Intralot continues unit turnaround benefiting from leaner global profile  

SBC News Intralot continues unit turnaround benefiting from leaner global profile  

Intralot SPA reports a significant improvement in trading, delivering growth across all business units as the Athens listed gambling technology group moves to advance its US market profile.  Publishing its H1 2021 trading results (period ending 30 June), Intralot achieved group revenues of €202 million – up 34% on corresponding 2020 results of €150 million. Revenue growth was attributed to …

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Intralot completes US Inc focused capital restructuring 

SBC News Intralot completes US Inc focused capital restructuring 

Intralot SA has secured a final settlement on its debt-note and capital restructure, undertaken to deepen its financial resources and accelerate the growth of its North American Intralot Inc unit.       The Athens-listed gambling technology group reports that on 3 August it was allowed to issue new debt-notes totalling £242 million, which will be maintained under the Intralot Inc domain. …

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Intralot renegotiates fiscal duties to help drive Sokratis’ US vision

SBC News Intralot renegotiates fiscal duties to help drive Sokratis' US vision

Sokratis Kokkalis, founder and chief executive of Intralot SPA, has underscored the technology group’s ‘business priority’ to bolster and accelerate all North American units, services and customer contracts.     Having retaken leadership of the Athens-listed group last November, Kokkalis presented Intralot’s new strategic vision to investors at the firm’s AGM on Tuesday 29 June. Despite facing ongoing COVID-19 adjustments across its …

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Intralot divests Brazil subsidiary to Saga

SBC News Intralot divests Brazil subsidiary to Saga

Intralot SA has confirmed the sale of its entire stake in Intralot do Brasil Comércio de Equipamentos e Programas de Computador LTDA (Intralot do Brasil) to Saga Consultoria e Representações Comerciais e Empresariais (Saga). The total cash consideration for the stake sale amounts to €700,000 and it represents 80% of the company’s voting capital. Saga is the only other shareholder of Intralot …

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Intralot points to stable 2021 outlook following positive Q1 results

SBC News Intralot points to stable 2021 outlook following positive Q1 results

Intralot SPA has detailed confidence in achieving its business recovery objectives as the firm declares a positive opening to 2021 trading. Publishing its Q1 2021 trading results (period ending 31 March), Intralot registered group revenues of €102 million – up 9% on corresponding 2020 results of €93 million. The Athens-listed gambling technology group highlighted the recovery of its lottery games …

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