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Intralot records revenue growth in first quarter

Published

7 years ago

June 4, 2018

Reading Time: < 1 minute

Intralot, the gambling service provider based in Greece, has posted impressive revenue results for the first quarter of 2018. It has reported a 4.3 per cent hike in revenue and a 1.9 per cent growth in EBITDA, compared the corresponding figures in 2017.

The company has amassed a €280.7 million turnover and its EBITDA reached €42.6 million.

Despite the revenue surge, Intralot’s net debt increased by €17.6 million to reach €528.3 million during the first quarter. However, the firm sees a quick recovery on the debt front following US Supreme Court’s decision to revoke PASPA.

“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,” Intralot Group CEO Antonios Kerastaris said and added: “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.”

Source: FocusGamingNews

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.