During the anual assembly, Sokratis Kokkalis presented the new strategic initiatives towards improving operational performance and financial results. He stressed that he is very optimistic about the strengths of the company and the opportunities opening up including Sports Betting in the US.
Intralot will continue to make partnerships and explore synergies with other companies to enhance its product offering while implementing its strategy of geographic refocus in more developed markets.
The company’s management presented an overview of the financial results, focusing on the need to improve the company’s cash flow generation through a combination of new business, operational efficiencies, and organic growth opportunities and analyzed the company’s main business developments during the year including the contract renewals with New Hampshire, Wyoming, and New Mexico State Lotteries and the new contracts signed with Camelot for Illinois State Lottery, the “LOTTO Hamburg GmbH” German State Lottery, the Croatian State Lottery, and the NEDERLANDSE LOTERIJ - the Dutch Lottery operator.
Alsot, the latest successes of the new flagship contract in Canada with British Columbia Lottery Corporation (BCLC) and the renewal of the Sports Betting contract in Morocco in addition to the Illinois Lottery launch earlier this year mark some of the company’s major successes.
The company also works intensively to pursue new opportunities in Ohio (USA), Turkey, Italy, Argentina and Brazil.
Source: GMB
