Intralot, the Greece-based gaming, betting and lotteries supplier, reports €256.6 million in consolidated revenues for the first quarter of 2008, an improvement of 42.7 percent against the same period last year.
EBITDA reached €72.5 million, which is 2.1 percent lower than the same period last year.
Intralot's chief executive Contstantinos Antonopoulos said, "The first quarter of 2008 has been very exciting for Intralot since the group managed to win a series of major international contracts such as a license to operate fixed-odds betting games in the promising region of Madrid, a dual contract in the large gaming market of the Netherlands and a significant announcement for being the preferred bidder regarding the Ohio Lottery, one of the largest US lotteries, a few months following the South Carolina Lottery contract."
"Moreover, the company acquired a video-lottery operator in Slovakia, a market with significant potential that will also act as the group’s expansion arm in neighboring countries."
"In Q1 2008 consolidated revenues grew by a robust 42.7% to €256.6 million and net profits by 5.3%, managing to absorb the increased start-up and business development costs of setting up operations in countries such as Russia, Italy, Spain (Madrid), the Netherlands, Victoria Australia, the US, where two contracts (New Mexico and South Carolina) are in the implementation phase and, following the relevant approvals, we expect Ohio to be soon added to them."