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
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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Nikolaos Nikolakopoulos to oversee Intralot stateside operations
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 …
Read More »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 …
Read More »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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