- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Intralot Posts Q1 Results, Enjoys Significant Growth in the US
The new trading update shows solid growth of EBITDA and operating cash flow, complemented by increase in revenue and EBITDA for Intralot's US-facing operations

The global provider of gaming solutions and content, Intralot, released its latest financial report, outlining key details regarding the company’s performance. In its recent trading update, the company revealed data regarding its performance for the first quarter of 2023 or the three-month period until March 31, 2023.
For the period, Intralot reported group revenue of €89.5 million ($96 million). This result, when compared to Q1 in 2022, represented a decrease of 8.4% year-over-year. While group revenue decreased, the company reported a strong performance in other operational segments. In Q1 2023, Intralot’s EBITDA increased by 29.2% to €33.7 million ($36.2 million). Additionally, the company reported an increase in EBITDA margin from 26.7% in Q1 2022 to 37.7% for the first quarter of this year.
Overall, the operating cash flow for the first quarter of this year hit €37.2 million ($39.9 million). When compared to the result from the corresponding period last year, this number marked a staggering increase of 115.3%. Intralot revealed that it’s Net Income After Tax and Minority Interest (NIATMI) this year reached €3.1 million ($3.3 million) compared to a negative NIATMI of €5.7 million ($6.1 million) from the first quarter of last year.
Not unexpectedly, group cash for the end of the first quarter this year increased quarter over quarter. According to the recent trading update from Intralot, its group cash at the end of Q1 2023 was €109.2 million ($117.2 million) representing an increase of €6.8 million ($7.3 million) when compared to the result as of December 2022.
The new trading update reveals that Intralot has seen significant growth within the US market. The company’s US operations marked an EBITDA increase of 31.6% year over year and revenues rose 13.1% for the first quarter of 2023.
The Company Is Proud of Its Performance in the First Quarter
Judging by the recent report, Intralot’s lottery games represented the lion’s share of the group turnover. The company explained that 60.4% of its turnover share was from lottery games, while sports betting had a share of 17.5%. On the other hand, VLT technologies represented 12.5% of the share, while 9.5% of the turnover was from technology contracts, leaving only 0.1% to racing.
“We are extremely proud of first quarter robust organic EBITDA growth of 29% and a return to Net Earnings, along with healthy cash flows and significant reduction of Group Net Leverage Ratio down to 3.6x, providing additional momentum to INTRALOT’s successful turnaround story as a result of our consistent efforts in the past few years.“
Sokratis P. Kokkalis, chairman and CEO of Intralot
Sokratis P. Kokkalis, Intralot’s chairman and CEO, revealed that the company is excited about the strong results reported for the first quarter of the year. He acknowledged that the positive figures represent the company’s unstoppable efforts over the last few years.
Kokkalis spoke about Intralot’s technical capabilities that can fuel the company’s growth within the online and retail vertical. Finally, he predicted that Intralot will continue to grow within strategic markets such as the US, which in turn, will deliver stakeholder value.
Jerome brings a wealth of journalistic experience within the iGaming sector. His interest in the industry began after graduating from college, where he regularly participated in local poker tournaments. This exposure led him to the growing popularity of online poker and casino rooms. Jerome now channels all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Must Read
Business
February 4, 2025
US Tariffs on Canada May Harm Tourism, Lead To Job Losses
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
More Articles
Lottery
February 7, 2025
Single Ticket Wins Massive AU$60M Powerball Jackpot
Business
February 7, 2025
How Brazil’s First Month of Regulated Betting Looked Like
Business
February 6, 2025
Betsson Posts Its Strongest Full-Year Report Yet
Casino
February 6, 2025
Trainwreckstv Questions Xposed’s Deal with Roobet – Real Money?
Industry
February 5, 2025
H2 Gambling Capital Predicts Huge Rise in Brazilian iGaming
Lottery
February 5, 2025
Aussie Woman Wins $100M Oz Lotto Jackpot, Says She’s Done Working
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Business
February 4, 2025
US Tariffs on Canada May Harm Tourism, Lead To Job Losses
Lottery
February 3, 2025
TheLotter Tells US Players to Be Wary of Rampant Phishing Scams
Legal
February 3, 2025
Wang Shuiming Arrested in Montenegro for Betting Fraud
Casino
February 3, 2025
Online Gambler Scores €3M Dream Drop Mega Jackpot on a €2 Bet
Lottery
February 3, 2025
Lottery Couriers Grow Exponentially in Texas