Strategic deal targeting future regulated egaming market in the US
Intralot acquires share in CyberArts
(Greece).- Greek lottery systems supplier Intralot has bought a 35 % share in online gaming software developer CyberArts. Intralot invested us$12 million in CyberArts for its 35 % stake, with the option of a 51 % increase next year.
2010-03-19
Reading time 19 seg
The deal will help Intralot to position itself for any future regulated egaming market in the US and it sees the partnership between its interactive arm - I2 (Intralot Interactive) - and the online gaming software developer as an aggressive pursuance of state lottery contracts in US
"The acquisition of a strategic stake in CyberArts is a significant step towards expanding the online gaming capabilities of Intralot group in view of impending regulation in European and North American markets," said I2 MD, Andreas Papoulias.
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