Tag Archives: Eurobet Bulgaria

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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Dire H1 sees Intralot record group losses of €43m

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 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 …

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Dire H1 2019 sees Intralot suffer declines across all business verticals

Publishing its 2019 interim results (period ending 30 June), Athens-listed gambling technology group Intralot SPA reports continued operating declines across its three core business verticals of ‘Licensed Operations’, ‘Management Contracts’ and ‘Technology Provisions’. A tough H1 2019 trading period sees Intralot governance outline multiple factors impacting the company’s performance, including negative currency fluctuations, macro impacts, decreasing management contracts combined with further …

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Intralot expands Bulgarian market presence with Eurobet investment

Updating the market, Athens listed lottery and gambling technology provider Intralot SA has confirmed that it has acquired a strategic stake in Eurobet Bulgaria. Intralot governance processed a 49% equity stake in Eurobet via its Bulgarian subsidiary BILOT. INTRALOT. Declaring its investment in Eurobet, Intralot governance stated that its venture investment would help ‘strengthen its market presence in Eastern Europe’. …

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