Intralot enters Azerbaijan sports betting market

Inteltek will own 51% of the newly established company, named Azerinteltek, which will be based in Azerbaijan and will organise, operate, manage and develop fixed-odds and pari-mutuel sports betting games, including the provision of related services in the country.

Azerinteltek will operate sports betting on an exclusive basis at more than 1,000 points of sale countrywide for a period of 10 years.

“In the context of evaluating investment opportunities in various countries of the wider region, we decided to enter the promising market of Azerbaijan together with our respectable partner Turkcell, through our joint venture, Inteltek, which has created strong values and competences in the gaming sector and a clear expansion strategy outside Turkey,” said Constantinos Antonopoulos, CEO of Intralot Group.

“We are confident that we will manage to make sports betting an exciting experience for the people of Azerbaijan and create a successful operation, similar to the one we have established in Turkey.”

Situated in the Caucasus region of Eurasia at the crossroads between Eastern Europe and Western Asia, Azerbaijan has a population of 9 million and a per capita GDP of us$ 9,900.
Shares in Intralot S.A are currently up 2.76 % at 3.35 euros per share in Athens this morning.