Peru. Antonios Kerastaris the chief executive of Intralot a public listed company established in 1992, that is a leading gaming solutions supplier and operator active in 55 regulated jurisdictions around the globe. Affirmed that the company could reach an “aggressive organic revenue growth” during the three months to September 30 even with a full-year results set to benefit.
Even though Intralot gross profit decrease 5,7% (year-on-year) to €49.1 million and earnings before interest, tax, depreciation and amortization (EBITDA) fell 14.3% to €35 million leading this to a consequence of a shortfall for the parent company of €7 million. The chief executive of Intralot, Antonios Kerastaris affirm that the company could reach an “aggressive organic revenue growth” during the three months to September 30 even with a full-year results set to benefit.
Due to this, the gaming operator showed some results of a trading update where in the third quarter (Q3) the revenue adds up to €320.6 million (USD $340.5 million) meaning an increase of 16.2 % on parallel period last year.
But giving a complete turnaround to this approach it’s important to clarify that the booster of all this improvement is mostly the final agreement sustained with Nexus Gaming Entertainment.
The agreement was settle in May of this year, where Intralot finished the sale of an 80 percent stake in Intralot Peru to Nexus Gaming Entertainment Peru S.A.C for approximately US$68 million. The company will retain a 20% stake in the business and continue to provide technological services and solutions to its operations.
As Stated by the company, this is part of a series of strategies that follows the principle of “creating, in selected countries, strategic partnerships with strong local partners that offer to the company substantial synergies and local market know-how, strengthening the development of the local business”.
Adding to the strategies used by Intralot is the purchase of half of Eurobet (Bulgarian gaming company), where the CEO Antonios Kerastaris said: “We are proud to expand our presence in Bulgaria through acquiring a strategic share in Eurobet, a market leader in its sector. The complementarity of the product offering between our companies will lead to strengthening our operations in a more consolidated market.”
