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INTRALOT’s Annual General Meeting 2021

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INTRALOT’s Annual General Meeting 2021
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INTRALOT’s Annual General Meeting took place on Tuesday, June 29, 2021 presenting the corporate figures FY2020, the business developments, the Lock-up Agreement for the senior unsecured notes due 2021 and 2024, the Strategy and the growth opportunities following the completion of its capital restructuring and changes of the company’s operational model.

INTRALOT Group Chairman and CEO, Mr. Sokratis Kokkalis stated:
“Following extensive negotiations, the company has achieved a significant agreement to refinance its senior unsecured notes due 2021 and to deliver an important deleverage. This is a very important agreement, the successful completion of which, will enable INTRALOT to capitalize on business growth opportunities in the gaming technology industry, and especially in the USA. The main goal of the company for the achievement of the agreement with the bondholders, was to serve the interests of all stakeholders, including all groups of bondholders and shareholders.»

With reference to the announcement of June 28, 2021, Mr. Kokkalis said “With the interim loan facility agreement of €147.6 million and redemption announced yesterday, the participation limits are reached in order for the agreement with the bondholders to be executed in a consensual manner, without recoursing to court proceedings. The new loan to be issued by INTRALOT Inc., will be denominated in dollars and respectively adjusted interest rates to fully hedge the foreign exchange risk.»

Referring to the business developments of the company, Mr. Kokkalis stated “Following our recent announcement, the Group’s results for the first quarter were extremely good and we expect that the results for the second quarter will be just as good and according to the business plan, giving INTRALOT the opportunity to strengthen its position in strategic markets through the utilization of its technology and experience in the gaming industry.

Our main priority is now our subsidiary in North America, which has brought the best results to the Group and participates in its debt restructuring, as well as the exploitation of opportunities in other developed markets where the Group has comparative advantages leveraging in our experience and new product portfolio.

Finally, I would like to thank our employees and all partners for their resilience and perseverance, in order to reach an agreement with the Bondholders.”

During the Annual General Meeting, the election of a new Board of Directors was approved, among others, with the election of two new members, Mrs. Adamantias Lazari and Mrs. Konstantina Xirokosta, the appointment of its independent members, the suitability policy of the members of the Board of Directors, as well as the formation, composition and tenure of the new Audit Committee

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Splash Tech launches Free-to-Play daily retention game Sports Lotto for sportsbooks, casinos and media sites globally

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Splash Tech launches Free-to-Play daily retention game Sports Lotto for sportsbooks, casinos and media sites globally
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Sports Lotto, is a fully integrate-able web application which can be adapted to meet any sportsbook, casino and media site’s needs to build brand, while attracting and retaining customers.

Sports Lotto is delivered via a light touch, low-code Software Development Kit (SDK) designed to enable rapid customisation and speed to market. All content on the web app is fully customisable and can therefore be made available across any sport, any league and in any language worldwide.

The product contains a lottery-style element that rewards users that make both perfect and imperfect predictions, with prizes customisable from $1 through to $100,000,000 and everything in between, including physical rewards, free bets and free spins.

Splash Tech’s growing team works with providers’ teams around the world, adapting and integrating Sports Lotto to meet customers’ business needs as part of its fully managed service.

Splash Tech increases engagement in its games by asking quiz-style questions which appeal to sports enthusiasts – going beyond regular ‘who will win or lose’ questions to get gamers really engaged.

Splash Tech, founded two years ago, creates market leading, highly engaging free-to-play (FTP) daily retention games which already help major brands such as 888, DRF and MaximBet to build their brands, showcase their customer experiences, acquire new customers inexpensively and retain them for longer.

In a linked announcement, Splash Tech has just appointed Ross Main as its new Sales Director. Ross previously held senior sales roles at both sports betting publishing and events organiser SBC and B2B sports betting services and software platform provider Kambi.

Ross Main commented:

“I am delighted to be joining Splash Tech now. Customer Engagement is an increasingly difficult challenge in the industry. Operators are constantly looking to find new ways to engage, acquire and retain their customers across highly competitive Casino, Sports Betting and iGaming markets. Splash is the premium FTP games provider for operators across the world and I can’t wait to show my network and beyond this flexible and scalable world class technology.’

Adam Wilson, Founder of Splash Tech, added:”It’s great to be onboarding Ross at this pivotal moment as we unveil Sports Lotto and secure new client wins which see us expanding rapidly worldwide.”

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236 suspicious betting alerts reported by IBIA in 2021

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236 suspicious betting alerts reported by IBIA in 2021
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The International Betting Integrity Association (IBIA) reported 236 cases of suspicious betting to the relevant authorities during 2021, with 69 alerts in the fourth quarter (Q4). The annual figure is a 13% reduction on the 270 cases reported in 2020. The 2021 figure is consistent with recent years, with the average number of annual alerts at 240 during 2018-20. The 2021 alerts spanned 13 sports and 49 different countries, with tennis and football continuing to dominate. Europe also continued to provide the highest number of alerts with 50% of the annual total.

Khalid Ali, CEO of IBIA, said: “Another challenging year for the sector has passed with the spectre of Covid and its impact on sporting events declining, and hopefully a potential endgame in sight. It is therefore welcomed that the alerts for 2021 showed a downward trend and a return to pre-Covid numbers. Challenges however persist, notably with the growth of private sports events and establishing integrity protocols to the levels seen in traditional sports bodies. The association is working with a number of stakeholders in this area to improve integrity provisions.

“Indeed, the dangers of betting corruption remain, and as the Optimum Betting Market report published last year highlighted, that equates to around $25m per annum in lost revenue for the regulated betting sector globally. It is therefore welcome that the requirement for operators to be part of an integrity monitoring system have gathered pace across the US, and have been endorsed in Sweden, to add to existing requirements in the Netherlands, Germany and the Czech Republic. The approach in Ontario is particularly worthy of attention and is a best practice model. The association looks forward to working with a wider range of operators on integrity as a result.”

Other key data for 2021:

  • 80 – Total tennis alerts, a decrease of 18% on the 98 reported in 2020
  • 66 – Football alerts, an increase of 8% on 2021 and the highest annual number reported
  • 27 – Alerts on sporting events in Russia, the highest number for a single country in 2021
  • 11 – Successful sporting or criminal sanctions during 2021 from IBIA alerts
  • 10 – Alerts reported in North America, a 54% decrease on the 22 reported in 2020
  • Over the five-year period 2017-21, IBIA reported 1,222 alerts across 19 sports and 101 countries.

The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. It is run by operators for operators, protecting its members from corruption through collective action. Its monitoring and alert platform is a highly effective anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. The association has longstanding information sharing partnerships with leading sports and gambling regulators to utilise its data and prosecute corruption. It represents the sector at high-level policy discussion forums such as the IOC, UN, Council of Europe and European Commission.

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Evolution launches Bac Bo, its unique Dice Baccarat game

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Evolution launches Bac Bo, its unique Dice Baccarat game
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Evolution today announced the launch of Bac Bo, a unique dice game created by Evolution in the spirit of Baccarat.

Bac Bo is essentially a simpler version of Baccarat played with dice. Instead of using cards, in Bac Bo the Player score and the Banker score is made up of the sum of two dice, automatically shaken in four individual shakers, two for each hand. Banker and Player both roll their pair of dice, and the resulting two numbers are added together. The highest two-dice total wins or, if the totals are the same, the round ends in a Tie, which offers payouts of up to 88 to 1.

Todd Haushalter, Chief Product Officer at Evolution, said: “Bac Bo is another unique creation from our very talented product team and developers. It blends the essence of two classic games, Baccarat and Sic Bo, and creates something entirely new and different. You get the elegant flow and excitement of a ‘come from behind win’ that makes Baccarat so popular – but with the visual excitement of a dice game.”

Haushalter added: “Whilst very much in the spirit of Baccarat, Bac Bo is a game that’s quick to understand. It has easier to follow rules and gameplay compared with Baccarat, with just the outcome of the simple dice rolls to consider. The dice rolls – and the excitement – just keep on coming!”

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