Intralot S.A. announced today that its subsidiary, Intralot International Ltd. will obtain a 20.62 percent stake in Melco LottVentures Ltd., or MLV, a long running Chinese investment holding company.
According to Greece-based lottery technology and services provider, the total consideration of the acquisition is 27.4 million euros.
“We are confident that through this partnership, we will be successful in the highly promising Chinese market, one of our primary strategic goals in Asia Pacific,” said Mr. Constantinos Antonopulos, Intralot’s chief executive, in a prepared statement.
“By pooling the experience, reputation and expertise of our new distinguished partners and utilising the existing business relationships that MLV has established with the two official lotteries of China, Intralot will be able to bring world class products and services into the lucrative Chinese gaming industry,” he added.