Tag Archives: intralot

Kokkalis ends INTRALOT CEO tenure transferring control to Christos Dimitriadis

Issuing a market filing, Athens-listed gambling and lottery systems supplier INTRALOT SPA has confirmed that Chairman Sokratis Kokkalis has ended his interim CEO tenure, confirming Christos Dimitriadis as new company leader. Effective immediate, Kokkalis has transferred day-to-day control of INTRALOT ’s executive team to Dimitriadis who takes the position of Group Chief Executive and is further promoted to serve as …

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Supreme Ventures launches new sports betting platform with Altenar

Altenar

Sports fans on Just Bet, a fixed odds betting network operated by Supreme Ventures Ltd (SVL) in Jamaica, are now enjoying greater options for sports betting after the implementation of an innovative sports betting platform from Altenar in December of last year. The new platform is equipped with all the latest technological industry advancements to provide an enhanced betting experience, …

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INTRALOT expands US leadership through Klironomos promotion

Athens-listed gambling technology group INTRALOT SPA has moved to restructure the leadership of its corporate accounting and auditing units. Updating investors, INTRALOT governance confirms the promotion of current Internal Audit Officer Lampros Klironomos to the executive position of Chief Financial Officer (CFO) of the group’s ‘INTRALOT INC’ US division wagering and lottery systems division. Klironomos has served as group auditing …

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Intralot focuses on group transitions as dire results continue

Athens-listed gambling technology group Intralot SPA has posted a further quarter of negative declines across its core business metrics and KPIs as it continues to focus on a business transformation programme to counter corporate headwinds for its operating markets. Publishing its latest Q3 2019 trading statement (period ending 30 September), Intralot reports a 6% decrease in year-to-date revenues of €555 million …

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Greece shows no movement on 35% GGR tax rate

Seeking to reform its online gambling marketplace, the Greek government maintains that it will stand by its contested 35% tax charge on gross gambling revenues (GGR). At the start of October, the Greek government approved a series of reforms updating the nation’s gambling frameworks with regards to licensing and taxation. Controversially, the Greek government retained its 35% GGR tax charge but …

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Apollo PE takes majority stake in Gamenet Italia

US private equity fund Apollo Global Management (Apollo) has this morning confirmed that it has acquired a 48.6% stake in Italian gambling group Gamenet SPA. Issuing a market filing, Apollo confirms that it aims to delist the company for its index on the Borsa Milan stock exchange. A former Italian gambling subsidiary of Greek gambling group Intralot SPA, in 2018 …

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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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