Tag Archives: Athens

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  

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 

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

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 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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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 …

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Scientific Games ranks as Greece’s top tech workplace

Scientific Games has been recognised as Greece’s best technology workplace, having ranked fifth on the ‘Hellas – Great Place to Work’ corporate employment index.  The Nasdaq technology group jumped-up two spots on the Hellas 2021 employment index, registering as Greek tech’s highest-ranking incumbent. The ‘Great Place to Work’ index is published annually by the Hellas business institute, recognising the companies …

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OPAP Q3 bounce back hurt by continued lottery declines

OPAP Q3 bounce back hurt by continued lottery declines

OPAP SA has recorded a stable Q3 2020 trading period, as the Athens-listed gambling group continues to side with caution in steering all operating units ‘towards business normality’.   Publishing its Q3 2020 trading update for the three-month period ending 30 September, OPAP recorded a marginal 0.7% decrease in group revenues to €391 million, driven by the strong comeback of its …

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Intralot taps all cost-saving options to soften Covid blows 

Intralot SPA has updated both investors and the Hellenic Capital Market Commission on further measures taken to reduce the firm’s exposure to COVID-19 impacts, which have hindered the group’s commercial pipeline and financial performance.  As it stands, Intralot estimates that Covid impacts will bear a group-wide EBITDA-level cost of €25-28 million on its full-year 2020 accounts. The Athens listed gambling …

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Sokratis Kokkalis retakes leadership of Intralot

Intralot SPA has informed its shareholders that company founder and executive chairman Sokratis Kokkalis has been reinstated as Group CEO effective immediately.  The gambling technology and lottery systems provider issued a statement on the Athens Stock Engage disclosing that majority shareholder Kokkalis had retaken leadership of the firm, replacing Christos K. Dimitriadis as CEO.  The filing stated that Intralot had …

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