Intralot Has Mixed First Quarter, Plans US Expansion

This story was published more than 5 years ago.

Gaming group Intralot has announced that they're planning on launching operations in the United States after they posted mixed fiscal results in the first quarter.

The company's fiscal results for the first quarter ending March 31st, 2018 were:

  • Revenues of €280.7 million, up 4.3% from last year
  • Gross Gaming Revenues up 2.5% to €141.5 million
  • Adjusted EBITDA up 7.5% to €33.1 million
  • EBITDA down 5% to €13.2 million
  • Margins down to 4.7%
  • Operating cash flow down 8.4% to €35.9 million
  • Gross debt up to &euro751.6 million
  • Net debt up to €528.3 million

Commenting on the results and a potential expansion in America, company CEO Antonios Kerastaris said, "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.

"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 €20bn market in annual GGR terms, on top of great prospects in new flagship projects such as the Illinois State Lottery."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
1 reply • Last post


Forum AngelForum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7642
Thanks given: 4239
Thanks received: 1165
4 June 2018 - 2:53pm

That's a steady growth what they post there but obviously they looking forward to the opening of US sportsbetiing market which would increase the numbers in revenues of the companies like Intralot multiple times I guess.