Intralot
Intralot Reports its Financial Results for 2024
Intralot has reported its financial results for 2024. The company attributed its growth in revenue to a “very strong performance” in Q4, driven largely by revenue growth in North America.
Chairman Sokratis P Kokkalis said: “This enabling the company to maintain its key metrics in profitability and leverage ratio by focusing on high profit-margin activities.”
He continued: “We were able to win new contracts in the promising sectors of VLT monitoring in the US and online lottery in Canada and extend key contracts in our core business in Europe and Australia while actively pursuing every opportunity in our sector around the globe.”
Group revenue for the year reached €376.4m, growth of 3.4% year on year. Adjusted EBITDA reached €130.7m, showing 1% growth year on year, with the margin reaching 34.7%.
Earlier this year, Intralot’s North American subsidiary signed a contract with the Charitable Gaming Division of the Nebraska Department of Revenue for the provision of a real-time monitoring and reporting system for cash devices across the state.
The contract, which was awarded following a competitive process, will run for five years and includes the option to renew for four additional two-year periods, totalling 13 years.
The post Intralot Reports its Financial Results for 2024 appeared first on Gaming and Gambling Industry in the Americas.
INTRALOT S.A. is pleased to announce that its North American subsidiary, INTRALOT, Inc., has signed a contract with the Charitable Gaming Division of the Nebraska Department of Revenue for the provision of a real-time monitoring and reporting system for Cash Devices
across the state. This agreement marks an important step in enhancing the oversight and operational efficiency of Cash Device regulation in Nebraska.
The contract will see INTRALOT deliver its state-of-the-art iGEM
Central Monitoring and Reporting System, designed to offer real-time management, auditing, and reporting of Cash Device activities in the competitive gaming environment. INTRALOT will implement the full solution, including site controllers, communication networks, central system infrastructure, reporting modules, training for Distributors and Operators, and advisory services for Division personnel.
The contract, which was awarded following a competitive process, will run for 5 years and includes the option to renew for four (4) additional two-year (2) periods, totaling 13 years. INTRALOT’s system will oversee and report on Cash Device operations in a growing statewide landscape of at least 5,000 devices at more than 1,600 locations in Nebraska, improving security, compliance, and operational transparency.
The post INTRALOT signs real-time monitoring contract for Cash Devices (VLTs) in Nebraska appeared first on Gaming and Gambling Industry in the Americas.
INTRALOT is pleased to announce that its U.S. subsidiary INTRALOT, Inc. has signed a 3-year contract, including an option of three annual extensions, with British Columbia Lottery Corporation (BCLC) for the provision of its next-generation sports betting platform INTRALOT Orion and relevant managed services, to enable the operations and management of BCLC’s retail sportsbook.
INTRALOT’s retail sports betting solution will be deployed and offered in all BCLC’s retail network via Photon X retail terminals and GameStation self-service terminals, which will be in market in British Columbia this winter, offering sports and lottery products. In addition, the sports offering will be enabled by INTRALOT’s BYOD (Bring Your Own Device) solution where players can view the full betting offering, prepare their digital betslips, and generate a QR code from anywhere before scanning them at a retail terminal or self-service terminal. Upon launch, INTRALOT’s retail sports betting solution will be deployed in more than 700 self-service terminals (Kiosks) and 3,400 clerk operated terminals across the province of British Columbia.
Nikos Nikolakopoulos, Chairman of the Board of Directors of INTRALOT, Inc. said: “We are excited to extend our partnership with BCLC in the sports betting sector. We are looking forward to a close cooperation with the Lottery in order to provide an enhanced retail player experience and responsibly drive the Lottery’s growth to further benefit the British Columbia community.”
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Canada
INTRALOT, Inc. announces the appointment of Richard Bateson as Chief Commercial Officer of INTRALOT, Inc.
INTRALOT, Inc. announces Richard Bateson will assume his new role upon fulfillment of all related legal requirements. Richard will be joining the US senior management team reporting directly to INTRALOT US’s CEO.
As an industry leader, Richard has worked as both an operator and vendor within the lottery sector. With over 20 years of lottery experience, has worked within Camelot’s group of companies in both the UK and North America. More recently Richard has been a consultant to various companies including Jumbo Interactive, Teneo and Camelot UK Lotteries Ltd. As a former President of EuroMillions, he brings an extensive knowledge of European and North American experience to his new role and will be working with the senior management team to enhance INTRALOT’s business in North America.
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