Addressing shareholders at Intralot’s Annual General Meeting, group CEO Antonios Kerastaris detailed that in order to meet its future growth targets, the gambling technology provider would have to tackle new consumer demands and market conditions by delivering a ‘‘best-of- breed’ product portfolio.
Kerastaris gave shareholders a breakdown of Intralot’s recent investment/transactional activity as the company expands its international services.
In the opening half of 2016, Intralot has made strategic investments in Italy with Gamenet Group acquiring a 20% equity in the company and in Bulgaria with Eurobet agreeing to acquire a 49% stake in the operator.
The company has further diluted its share in its Peruvian business ‘intralot Peru’, selling 80% stake to leisure operator Nexus Group, which it will partner in a joint market venture.
Updating investors Kerastaris stated that Intralot needed to undertake the localised investments in order to exploit changing market dynamics as global gaming hits the €500 billion mark by 2019.
Intralot’s leader stated that governance was committed to supporting the company’s transactional activity with market leading ‘product and services across all industry content verticals’.
Kerastaris reiterated the need for the company to stay ahead of consumer technology trends, as customers were becoming more demanding of personalised user experiences and omni-channel functionalities.