ldquo;By 2019 the global gaming market is expected to surpass €500 bn with main drivers new markets opening and market privatizations, new regulation frameworks, and the players’ demand for an omni-channel, personalized experience across all delivery channels. Intralot will exploit these opportunities with a best-of-breed portfolio of products and services addressing modern consumer trends that enhance the customer’s experience and an M&A strategy, aiming at growing our business through local partnerships,” he said.
In Peru Intralot is teaming up with the leisure brand of Nexus Group, a leading conglomerate of supermarket chains, construction and financial products
Intralot CEO discussed details of transactions in Italy with Gamenet, in Bulgaria with Eurobet, and in Peru with the Nexus Group, announced yesterday morning. Specifically, Intralot finalized and signed an agreement to merge its Italian activities into those of Gamenet, retaining 20% control of the new entity that will have a total turnover of €1 bn and a network of 750 betting shops, 50,000 AWPs and 8,200 VLTs and 60 exclusive gaming halls. In Bulgaria, Intralot will acquire 49% share of Eurobet, the main KINO, scratch and lottery operator, complementing its betting portfolio as 49% shareholder of Eurofootball since 2002.
Finally, in Peru Intralot is teaming up with the leisure brand of Nexus Group, a leading conglomerate of supermarket chains, construction and financial products.
By means of a new portfolio roadmap that envisages novel products and services across all industry content verticals and these transactions Intralot plans to secure sustainable EBITDA growth, solid cash flow generation and rapid reduction of Net Debt/EBITDA ratio (deleverage). Financial year 2015 and 1Q2016 results already show revenue and Net debt stabilization and an increase in EBITDA and EBITDA margin in a like-for-like basis, in spite of a recent FX headwind in certain markets.
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