Intralot eyes up US sports betting market after first quarter figures

Sports betting
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Gaming supplier Intralot has reported a 4 per cent increase in turnover to €280.7m for the first quarter of 2018, with its licensed B2C operations representing nearly 70 per cent of the total.

The betting operator saw its systems handle €6.3bn of worldwide wagers during the quarter, although this was down 2 per cent year-on-year with growth in Africa, Eastern Europe and South America.

The company’s net debt stood at €528.3 million, up €17.6 million from December of last year, but like many operators its looking to take advantage of the recent US Supreme Court judgement repealing PASPA.

Intralot Group CEO Antonios Kerastaris said: “The 2018 Q1 results show stronger sales and continuing growth in developed markets, reflecting increasingly successful market development efforts along with an upgrade of our offering with next-generation products and services for Lotteries digital transformation.

“Emphasis remains on growth in markets such as the United States where the recent lift of the federal ban on sports betting creates tremendous business opportunities from the rise of a potential USD 20bn market in annual GGR terms, on top of great prospects in new flagship projects such as the Illinois State Lottery.”


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