Intralot Q1 revenues up 15%
Greek lottery and gaming services provider's first-quarter revenues reach 347.2m.
Investments in developed and developing countries have brought solid financial figures for Greek lottery and gaming service provider Intralot, according to its results for the three months ending 31 March.
Revenues for Q1 reached 347.2m, an increase of 15.4% compared to the corresponding period in 2011. EBITDA were 41.7m, a 6.9% rise, and net debt dropped by 9.6m, but earnings before taxes were 15.2m, a decrease of 6.1%.
Intralot Group chief executive Constantinos Antonopoulos said stable business investments such as VLTs in Italy, combined with investments with good growth potential, such as sports betting in Azerbaijan, have paid off. There was no breakdown of the company’s online business.
“This strong performance was achieved due to the strong diversification and internationalisation of our business, as well as due to the continuous innovations that we have introduced, both at the technological and the operational levels,” he said.
Intralot is one of three suppliers shortlisted to provide Greek monopoly OPAP with online gaming and betting software and services, while Playtech and GTECH G2 are also in contention. It is unclear whether this partnership would cover the live betting launch, with Euro 2012 set to start on 8 June.