Intralot sells its minority stake in Cyberarts

The company confirmed that the move was a result of its strategic decision to focus its key resources on its own suite of renowned technology and services, to address the new challenges of the combined land based and interactive industries.

The firm has recently presented at the major international lottery exhibitions its innovative “Universal Gaming Experience” that seamlessly integrates multiple channels with state-of-the-art gaming content. This flagship technology is perfectly suited for the WLA lottery members to maintain their leading position in the new environment.

“We have chosen not to proceed with the model of CyberArts. New market developments and regulatory initiatives indicate that a new generation of technology, operations and networks is required to compete in a very demanding environment that capitalizes on the convergence of land based with interactive assets. Superior Technology, Services, Networks and Partnerships are the pillars of success, and our recently announced Universal Gaming Experience is our proposition that renders our Customers ready to compete in the demanding new environment”, commented George Zenzefilis, General Director of Intralot Interactive.