Tag Archives: intralot

Intralot renews key growth contract with MDJS

SBC News Intralot renews key growth contract with MDJS

Intralot SPA has secured a major commercial objective, announcing that La Marocaine Des Jeux et des Sports (MDJS) will extend its technology contract for a further two years. MDJS serves as Morocco’s exclusive operator of lottery, instant-win, and sportsbook services as appointed by the Dahir (Kingdom’s decree). Intralot has operated as MDJS’s principal technology supplier since the company was formed …

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Intralot maintains ‘EBITDA resilience’ as leadership restructures debt

SBC News Intralot maintains ‘EBITDA resilience’ as leadership restructures debt

Intralot SPA maintains a stable outlook for year-trading, despite the Athens-listed technology group reporting continued revenue declines impacting its commercial performance. Publishing its latest year-to-date (YTD) report, Intralot corporate revenues stand at €280m, down 7% on 2022 comparatives of €301m. The decline in YTD headline revenues reflects the absence of discontinued Malta lottery (B2C) revenues, accounting for a decrease of …

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Intralot maintains EBITDA growth in H1 of B2C adjustments

SBC News Intralot maintains EBITDA growth in H1 of B2C adjustments

Intralot SA highlighted its enhanced operational earnings and cash flow despite commercial adjustments that affected its revenue performance. Releasing its H1 2023 interim trading results, the Athens-listed gambling technology group reported corporate revenues of €175m, a 14% decrease from the 2022 comparative results of €205m. The decline in headline revenues was mainly due to Intralot discontinuing its Malta business, which …

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Intralot sees Q1 improvements lower debt load

SBC News Intralot sees Q1 improvements lower debt load

Intralot SPA cites confidence in achieving its headline 2023 objectives of improving profitability and reducing long-term debt.  The Athens-listed gambling technology group maintains its full-year expectations as Q1 revenues stand at €83.4m, a 4.5% increase from the same period in the previous year, despite encountering an 8.4% decrease in turnover to €89.5m. The decrease in turnover was attributed to the …

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Intralot 2022 dragged by Malta expiration as Nikos takes charge of US INC

SBC News Intralot 2022 dragged by Malta expiration as Nikos takes charge of US INC

Intralot SPA has cited a return to a ‘better operational efficiency’ as the Athens-listed gambling technology group delivers improved EBITDA results despite registering a decline  in headline revenues.     Publishing full-year 2022 results, Intralot registered group revenues of €392m, reflecting a 5.1% decrease compared to FY2021 results of €414m. The decline in headline revenues was primarily attributed to the license expiration …

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INTRALOT announces C-level and BoD changes

SBC News INTRALOT announces C-level and BoD changes

INTRALOT SPA has announced the hiring of Richard Bateson as Chief Commercial Officer. The group has explained that Bateson will assume his new role ‘upon fulfilment of all related legal requirements’. “As an industry leader, Richard has worked as both an operator and vendor within the lottery sector,” the group said in a statement. With more than 20 years of …

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Minas Gerais launches ‘sportsbook pilot’ as Brazil sees no clear path for federal regime

SBC News Minas Gerais launches ‘sportsbook pilot’ as Brazil sees no clear path for federal regime

Minas Gerais has become the latest Brazilian state to outline its commitment to launching an online gambling and sports betting regime.  This week the Finance Secretary of Minas Gerais, Brazil’s second most populous state (+22m) allowed state-owned lottery operator Loteria Mineira (LEMG) to launch its ‘sportsbook pilot’ website and mobile app Lotominas.bet. Developed by Intralot Brasil, LEMG’s ‘sportsbook pilot’ will …

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Nikolaos Nikolakopoulos to oversee Intralot stateside operations

Intralot US

Intralot SA has made major changes to senior management of its international operations, transferring Nikolaos Nikolakopoulos to duties as CEO of its Intralot Inc US subsidiary.  The solutions developer, which produces B2B lottery, betting, gaming and digital services products, has moved Nikolakopoulos from his position as Deputy CEO of the wider group. Nikolakopoulos will assume leadership of the Atlanta-based subsidiary …

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EveryMatrix delivers upgrade of MDJS Maroc online solution ordered by Intralot

SBC News EveryMatrix delivers upgrade of MDJS Maroc online solution ordered by Intralot

EveryMatrix has delivered an end-to-end revamp of the online offering of La Marocaine des Jeux & des Sports (MDJS) – Morocco’s state-owned gambling operator.  The strategic project follows a landmark agreement signed in April with Intralot SPA, the lead technology systems provider of MDJS. The technology incumbents were tasked with redeveloping the online offering and product portfolio of MDJS, delivering …

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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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