Tag Archives: Turkey

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 …

Read More »

Marco Caccavale: Sisal is the proven steward to revitalise the National Lottery

Italian giant Sisal SPA surprised the industry with its ‘late bid’ to compete in the UK government’s Fourth National Lottery Competition, which opened for tenders last summer. Speaking to SBC,  Marco Caccavale, Sisal International Managing Director outlines the Italian suitor’s bid against high-profile competitors.  Having won back-to-back tenders to operate Turkey and Morroco’s national lotteries, Caccavale underlines Sisal’s credentials as the …

Read More »

Intralot delivers stable 2020 earnings despite system shocks

Athens-listed Intralot SA has published its financial results for the 2020 fiscal year, prepared in accordance with IFRS, noting an almost 17% decline in revenue after its lottery and sports betting industries were significantly impacted by the COVID-19 pandemic. For the 12 month period which ended on December 31, 2020, Intralot declared a group revenue of €364.8m, a 16.6% decrease …

Read More »

Highlight Games strengthens Turkish position with Sisal Sans rollout

Virtual sports producer Highlight Games has further strengthened its status in the Turkish market via a multi-year partnership with Sisal Sans – a joint venture between Italy’s Sisal and Turkey’s Demirören Holding. Under the terms of the agreement, Highlight will supply Sisal Sans retail venues with games featuring real and exclusive archive football footage. The group’s Soccerbet product will include …

Read More »

Inspired set for Turkish debut with Sisal Sans

Inspired Entertainment will debut its virtual sports portfolio in Turkey after securing a lead supplier agreement with ‘Sisal Sans’, the Turkish joint venture between Sisal SPA and Şans Digital AS. Under the agreement, Inspired will provide its V-Play Plug & Play solution, a complete end-to-end online virtual sportsbook product, with its content to be made available on desktop and mobile …

Read More »

GVC responds to ‘press speculation’ on former Turkish business  

The board of GVC Holdings has issued a statement dismissing ‘press speculation’ regarding HMRC’s investigation of its disposed former Turkish wagering subsidiary. GVC underlined that HMRC’s investigation is strictly focused on ‘former third-party payment service providers’ whose only link to GVC was the provision of payment services for its former Turkish-facing business.  This July, HMRC confirmed that it had launched …

Read More »

Intralot rocked by Bulgaria Eurobet suspension 

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 …

Read More »

New look Intralot focuses on core business recovery

Intralot SPA has revitalised its strategic mandate to concentrate on the recovery of core business segments having stripped all non-essential assets from its business structure. The Athens-listed technology group detailed that it has completed a ‘year of transformations’ under the guidance of company founder Sokratis Kokkalis, publishing its full-year 2019 results. Tough 2019 trading saw Intralot’s headline ‘licensed operations’ unit record …

Read More »

Kokkalis ends INTRALOT CEO tenure transferring control to Christos Dimitriadis

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 …

Read More »

Intralot focuses on group transitions as dire results continue

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 …

Read More »