Tag Archives: intralot

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 …

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 …

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 …

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 …

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). …

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 …

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 …

Celebrating its fifteenth year in business within the Turkish betting and lotteries market, Athens-listed gaming and lottery systems provider Intralot SPA has announced a major investment plan in strategic asset – INTELTEK. Issuing a market update, Intralot governance confirms that it has begun development on an ‘INTELTEK – Global Research & Technology Development Centre which will be housed in Turkey, supporting …

Golden Race has been granted associate membership to the North American Association of State & Provincial Lotteries (NASPL), a regional organisation spanning Canada and the US that facilitates better communication between lottery operators, as well as between lottery operators and gaming vendors. The virtual sports platform provider has joined 52 lottery operators/suppliers in Canada and the US, including IGT, Intralot, …