Intralot SPA continues its recovery momentum into 2022 trading as its core business units and global divisions maintain growth benefitting from the group’s capital restructuring programme. Publishing its Q1 trading update (period ending 31 March), the Athens-listed gambling technology group registered corporate revenues of €415m – up 20% on corresponding 2021 results of €345m. The €70m increase in consolidated revenues …
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Sokratis Kokkalis retakes leadership of Intralot
Intralot SPA has informed its shareholders that company founder and executive chairman Sokratis Kokkalis has been reinstated as Group CEO effective immediately. The gambling technology and lottery systems provider issued a statement on the Athens Stock Engage disclosing that majority shareholder Kokkalis had retaken leadership of the firm, replacing Christos K. Dimitriadis as CEO. The filing stated that Intralot had …
Read More »Martin Lycka: Supreme Court’s (sports betting) punt return and beyond
In the second of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the current activity around sports betting in the US and tracks how the industry has arrived there and where it should go next. It is 14 May 14 2018, which may be the US football offseason, yet …
Read More »US Treasury Department warns casino operators on taking illegal bets
The US Treasury Department has warned licensed casino operators that they must actively combat illegal sports betting. The Treasury submitted a letter to multiple gambling operator’s just weeks before the NFL Super Bowl, US sports most wagered event. “Increases in sports betting conducted on behalf of third parties are facilitating criminal activity and posing a money laundering risk to the …
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