ATHENS, Greece, April 6, 2016 /PRNewswire/ --
Further strengthening its presence in Eastern Europe
INTRALOT Group announces the acquisition of a strategic stake in a leading gaming company in Bulgaria, Eurobet, via its Bulgarian subsidiary, BILOT. INTRALOT will acquire a 49% stake in Eurobet, a company that offers to the Bulgarian market numerical games and scratch tickets through a network of 1,100 points of sale countrywide. INTRALOT already has strong presence in the country as 49% owner of Eurofootball, offering Fixed Odds and Live Betting thorough a network of 850 shops, since 2002. The completion of the acquisition, which is subject to regulatory approvals, is expected to occur by June 2016.
Mr. Antonios Kerastaris, INTRALOT Group CEO, stated: "We are proud to expand our presence in Bulgaria through acquiring a strategic share in Eurobet, a market leader in its sector. The complementarity of the product offering between our companies will lead to strengthening our operations in a more consolidated market. This acquisition aligns with our business growth strategy to seal strategic partnerships with strong local players. Through synergies with Eurobet's assets we will be able to further boost our operations in Bulgaria and sustain our leading position in the area."
Mr. Millen Stamatov, Eurobet CEO, commented on the acquisition agreement: "INTRALOT's strategic participation in Eurobet highlights our company's ability to attract international investors and reinforces our position in the local gaming market. We are confident that INTRALOT's global experience in our sector will further increase the value that we deliver both to our shareholders and the Bulgarian players."
INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 57 regulated jurisdictions around the globe. With €1.91 billion turnover and a global workforce of approximately 5,100 employees in 2015, INTRALOT is an innovation-driven corporation focusing its product development on the customer experience. The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise. Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT). Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive.
EUROBET, a private limited company, established in 1996, is the leader of number games on the Bulgarian gaming market. The company is developing its business since 2006 by providing innovative solutions and unmatched excellence in its product portfolio. Based on one of the oldest lottery games - Keno, EUROCHANCE enjoys its status of the most popular and loved number game in Bulgaria. EUROBET has in its portfolio games, licensed by the Bulgarian Commission on Gambling, among which Lottomania, Poker Chance and others. From the beginning of 2015 the whole suit of products has also been present online, enabling players to enjoy them on 2 more screens - on their PC and mobile devices. In 2011, EUROBET launched the first private instant lottery in Bulgaria and in January 2015 upgraded it under the name LOTARIA BULGARIA. LOTARIA BULGARIA is distributed together with EUROCHANCE and all the other games of EUROBET in a network of over 1,100 betting shops. The scratch cards of LOTARIA BULGARIA are distributed in over 5000 points of sale. LOTARIA BULGARIA includes 14 scratch cards. LOTARIA BULGARIA started as a TV show in January, 2016 and is one of the most watched in Bulgaria with a share of over 30%. Faithful to the spirit of innovation, in 2016 EUROBET has in store the launch of several exciting products.
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