Tag Archives: intralot

Merkur begins Polish journey by overhauling Totolotek assets

Merkur Sportwetten, the sports betting subsidiary of German gambling conglomerate Gauselmann AG, has begun its rebrand and restructuring of newly acquired Polish asset Totolotek SA. Last April, Merkur acquired Polish heritage bookmaker Totolotek outright from Greek gambling group Intralot SA, targeting Poland as the fifth active market for Merkur’s sports betting expansion. Merkur governance details that from this July ‘the …

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Intralot powers MDJS Moroccan expansion

Athens-listed gambling technology and lottery systems provider Intralot SA will expand its services and presence within Morocco, securing a new services agreement with La Marocaine Des Jeux et des Sports – MDJS. An Intralot customer since 2010, MDJS acts as Morocco’s state-owned sports lottery organisation. Issuing a corporate update, Intralot governance confirms that its subsidiary ‘INTRALOT Maroc’, will act as …

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BNDES LOTEX blunders weighing heavy on Brazil government

Despite a new government in charge of Brazil, the planned sale of state-owned instant win (scratch) operator LOTEX continues to blunder on. Closing April, BNDES – Brazil’s national development bank, the organisation charged with selling the state asset – issued its fifth straight postponement of the LOTEX tender. It has now extended its window for bid proposals until 9 May. BNDES …

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Intralot undertakes senior management overhaul as first act of recovery plan

As anticipated Athens-listed gambling technology firm Intralot SPA has announced the first actions of its ‘group operating review’, moving to overhaul senior management within its operations, technology, digital and commercial departments. Publishing Intralot’s 2018 results last April, company Chairman and majority shareholder Sokratis Kokkalis sanctioned a ‘full scale operating review’, as Intralot recorded declines across all core business verticals – licensed …

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Sokratis Kokkalis calls on Intralot operating review following ‘year of declines’

Intralot SPA Group Chairman & CEO Sokratis Kokkalis has confirmed that the Athens-listed gambling technology firm will undertake a full-scale operating review and cost reduction plan, following a year of corporate declines witnessed across all Intralot business verticals. Publishing its full-year 2018 results, Intralot records a -6.4% decline in group revenues to €870 million (FY2017: €930m), as governance reports diminishing …

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Merkur Sportwetten enters Polish market with Totolotek takeover

Merkur Sportwetten GmbH will strengthen its European and Polish presence as it awaits the approval of its acquisition of Warsaw-based Totolotek SA. The takeover will mean that Polish sports bettors will have the opportunity to wager bets via MERKUR Sun.  CEO of Merkur Sportwetten, Niko Steinkrauß, celebrated the new deal: “Sports betting is extremely popular in Poland and for many football fans it’s an …

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Intralot denies Intracom merger as Greek eyes focus on Kokkalis’ ‘Turkish dilemma’

Greek gambling technology and lottery systems provider Intralot SPA has denied rumours that it will be absorbed by Athens-listed IT solutions provider Intracom Holdings. Last week, Greek business news sources reported that Sokratis Kokkalis, founder and majority shareholder of Intracom, was evaluating forming a new Athens conglomerate merging the Intracom assets of Intrakat (construction), Intralot (lottery/gambling) and Intrasoft (logistics technologies). …

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Intralot in need of Turkish rethink following loss of Sportoto concession

Greek business news sources have reported that Athens-listed Intralot SPA has lost its tender to continue servicing betting monopoly IDDAA. Issuing a market filing this morning, Turkish telecoms giant Turkcell, Intralot’s joint venture partner for IDDAA operations, confirmed that Turkey’s Sportoto Organisation had awarded its monopoly betting license to ’Sans Girisim’ – a joint venture formed by Nasdaq-listed Scientific Games …

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Intralot shows its Turkish intent submitting Sportoto wagering tender

As anticipated the governance of Athens-listed gaming and lottery systems provider Intralot SPA has confirmed that it has submitted its official tender offer to the Turkish Sportoto State Organisation, bidding to manage its ‘SporToto’ fixed-odds and pari-mutuel bookmaker service. Intralot submits its tender offer through Turkish subsidiary INTELTEK, operator of state-licensed betting operator ‘IDDAA’, a joint-venture which Intralot has operated …

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INTRALOT appoints ‘partnership pro’ Fernando Ors Villarejo as US sports betting lead

Athens-listed gambling and lottery systems provider INTRALOT SA has this morning confirmed the appointment of Fernando Ors Villarejo as new President of Sports Betting at INTRALOT Inc – the firm’s North American division. A twenty-year industry veteran, Villarejo joins INTRALOT’s US executive from Bolsa Madrid gambling firm Grupo Codere, where he led new market initiatives as joint Chief Development and …

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