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Legal
January 15, 2025
Intralot, VSC Settle DC Betting Fraud Probe with $6.5M Payment
In November, we reported that Intralot, the popular Greek gambling company, is facing scrutiny from Washington DC’s Attorney General Brian Schwalb. The review of the company’s betting contract followed years of underperformance of the jurisdiction’s sole sports betting app, GambetDC. Now, an announcement by Attorney General Schwalb confirms that Intralot and its subcontractor, Veterans Services […]
Industry
November 19, 2024
Intralot Betting Contract in DC Faces Scrutiny from AG
After years of struggle and inability to meet revenue projections in Washington DC, GambetDC, the sole sports betting application in the jurisdiction until recently, was replaced by FanDuel earlier this year. The debut of the popular brand in April represented a landmark moment for the market as it was able to record more revenue in […]
Industry
August 12, 2024
Intralot under Legal Scrutiny over Sports Betting Contract in DC
For years Washington DC was stuck with GambetDC, a sports betting contractor operated by Intralot. The latter company secured a monopoly contract for betting in Washington DC with a price tag of $215 million. However, GambetDC underperformed significantly and ran into many issues over the past years. This ultimately led to a decision for the […]
Sports
February 21, 2024
DC Lottery May Extend Betting Partnership with Intralot
Despite the subpar performance and decreasing revenues reported by D.C. Lottery’s existing mobile sports betting application, GambetDC, the Lottery may continue its collaboration with Intralot, the Greek company that currently powers the mobile betting app. The collaboration between the duo dates back to 2019. At the time, D.C. Lottery signed a five-year partnership with Intralot. […]
Business
November 24, 2023
Intralot Posts Strong Third Quarter Results with Revenue up 8%
The international gaming solutions provider, Intralot, released its latest financial update, uncovering details regarding its performance for the third quarter of 2023. Besides Q3 2023, the latest report shared insights regarding the company’s performance for the nine months ended September 30, 2023. Intralot’s Q3 2023 revenue hit €104.8 million ($114.5 million). This result, compared to […]
Lottery
June 12, 2023
INTRALOT to Supply Solutions to Taiwan’s Public Welfare Lottery
INTRALOT, a Greek gambling supplier, has announced that it will supply gaming solutions to the Public Welfare Lottery in Taiwan. This is an effective extension of INTRALOT’s existing agreement with CTBC Bank, which will operate the lottery. INTRALOT’s announcement comes after LotRich Information, a venture in which INTRALOT is a major shareholder, secured an international […]
Business
May 30, 2023
Intralot Posts Q1 Results, Enjoys Significant Growth in the US
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 […]
Business
April 11, 2023
Intralot Posts 2022 Results, Prepares to Face Economic Difficulties in 2023
Intralot, an international gaming solutions and operations leader, has published its FY 2022 results, showing slight group revenue decrease. Despite the setbacks, the positive annual and quarterly EBITDA changes attested to the effect of the company’s strategy. Intralot reported FY 2022 group revenue of $428.7 million (converted to USD), marking a 5.1% year-on-year decline. EBITDA, […]
Industry
April 6, 2023
Intralot Presses Forward with North American Expansion Thanks to BCLC Deal
Intralot’s recent success in the Canadian market is partially due to CEO Nikolakopoulos and CCO Richard Bateson’s ongoing efforts to bolster international growth. BCLC’s players will benefit from a network of retail terminals, enhanced sports betting solutions, and industry-leading lottery products. The Partnership Seems Like a Match Made in Heaven The three-year deal will allow […]
Business
March 22, 2023
Intralot’s New CCO Will Spearhead North American Expansion
The new appointment is the latest step amidst Intralot’s restructuring efforts. The gaming and lottery technology provider severely underperformed last year, but several promising high-profile agreements may herald substantial improvements. Bateson’s extensive industry experience and history of success may be just what the company needs to get back on its feet. The Company Is Trying […]