Intralot has eye on new deals
Intralot, the world’s second-largest gambling services company, posted a 39 percent decline in first-quarter profits, hurt by startup costs and weaker currencies, it said yesterday. Net income fell to 22.1 million euros from 35.9 million euros a year earlier, broadly in line with analysts’ expectations. Sales were unchanged from a year earlier at 256 million euros. Looking ahead, Intralot CEO Constantinos Antonopoulos said the company will focus this year on new opportunities in markets that are being deregulated, including online gaming, while also seeking buyout opportunities. «The group’s strong financial position and the attractive market valuations that have arisen due to the crisis create very interesting buyout opportunities that the company is carefully assessing,» he said in a statement. Intralot has been operating games from South Korea to South Africa since it began expanding beyond its home market.
