Intralot

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INTRALOT S.A. – Integrated Lottery Systems & Services
ΙΝΤΡΑΛΟΤ A.E. – Ολοκληρωμένα Πληροφοριακά Συστήματα & Υπηρεσίες Τυχερών Παιχνιδιών
Type Anonymi Etairia
Athex:  INLOT
IndustryLottery and Sports Betting industry
Founded1992
Headquarters
Athens
,
Greece
Key people
 Sokratis Kokkalis (CEO)
ProductsLottery, Betting and Gaming solutions
Revenue €414 million (2021) [1]
€335.3 million (2021) [2]
€37.1 million (2021) [3]
Total assets €605.5 million (2021) [4]
Total equity €497.2 million (2021) [5]
OwnerCQ Lottery LLC (32.9%)
Sokratis Kokkalis (32.42%) [6]
Number of employees
3,400 (2021) [7]
Website Intralot.com

INTRALOT is a Greek company that supplies integrated gambling, transaction processing systems, game content, sports betting management and interactive gambling services, to state-licensed gaming organizations worldwide. The company acts both as a lottery vendor and a lottery operator. It has a presence in 53 countries and a workforce of approximately 5,400 people [8] It is a publicly listed company in the Athens Stock Exchange. [9]

Contents

History

INTRALOT originated as a spin-off of the Intracom group, owned by the Greek billionaire Sokratis Kokkalis. It originally provided infrastructure for the Greek National Lottery (OPAP), under a 1999 contract, but has since expanded its operations into a worldwide market. Intralot's games library includes a variety of games such as numerical games, TV lottery games, sports lotteries, fixed odds betting, instant lotteries, pari-mutuel, video lottery and monitor games. [10]

In December 2009, Intralot announced purchasing 35% of the American online games provider CyberArts, purposing to expand its subsidiary company, Intralot Interactive (I2). [11] In October 2011, Intralot concluded the sale of its minority stake in CyberArts, as per the Group's decision not to exercise the option to increase its participation to 51% and focus on its own technology and services. [12] During ICE Totally Gaming 2015 the company announced that it will acquire a stake of 25% of Bit8. [13]

In December 2017, Intralot completed its acquisition of Bit8, enabling its digital transformation strategy for lottery modernisation. [14]

Activities

In May 2008, INTRALOT was implicated in the criminal investigation of Romanian Politician Christian Boureanu for "abuse of office against the public interest" by the National Anticorruption Directorate for Boureanu's role in signing a contract in 2000 between Loteria Română and Intracom SA Hellenic Telecommunication Electronics Industry (Intralot Integrated Lottery Systems and Services) that caused Loteria Română to incur losses of over €120 million. [15]

Operations

In December 2016, INTRALOT signed a long-term contract with Idaho Lottery in the US, that will come into force in October 2017 and last until October 2027, extendable by up to two additional five-year periods.[ citation needed ].

In February 2018, Intralot announced that they had agreed a 10-year deal worth an estimated $340 million with the Illinois State Lottery. The deal will cover the installation of technology solutions[ buzzword ] in over 7,500 retail locations across the US state. [16]

In February 2019, the D.C. Council authorized a sole-source contract for sports betting throughout Washington D.C. Intralot, who runs the lottery within the district, will manage and provide services for the online sports betting component within D.C. [17]

This deal was temporarily blocked in September 2019 when an injunction was issued against the sole-source sports betting lottery contract with Intralot. One month later, the injunction was tossed aside by the judge and the contract was allowed to move forward. [18]

In early 2019, Intralot's joint venture with Inteltek lost a contract to control the Iddaa national sports betting monopoly to a consortium supported by Scientific Games. [19]

Membership and recognition

INTRALOT is a member of international gaming associations, including the World Lottery Association (WLA), European Lotteries (EL), the North American Association of State & Provincial Lotteries (NASPL) and CIBELAE (the Hispanic association that covers S. America and the Iberian peninsula), as well as the Gaming Standards Association (GSA) in the US and the Asia Pacific Lottery Association (APLA). [10]

INTRALOT was named one of the World Economic Forum's "New Champions", as it was listed in its "Global Growth Companies Community" in 2007. [20]

INTRALOT received a "Global IT Excellence Award 2008" [21] by the World Information Technology and Services Alliance (WITSA) during its 16th World Congress on Information Technology (WCIT 2008), [22] Kuala Lumpur, Malaysia.

INTRALOT is a member of the Ηellenic Network of Corporate Social Responsibility which is a National Partner Organization of (CSR-Europe), and promotes the adoption of business practices in line with concepts of social responsibility and cohesion.[ citation needed ] INTRALOT is a member of the United Nations "Global Compact Network" for Corporate Social Responsibility.[ citation needed ]

Betting Company, a subsidiary of Intralot that operated sports betting in 12 countries, signed a cooperation agreement with FIFA's Early Warning System for the protection of the integrity of football. [23]

Related Research Articles

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Gambling is the wagering of something of value on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration, risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.

<span class="mw-page-title-main">Lottery</span> Gambling which involves the drawing of numbers at random for a prize

A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulation is prohibition of sale to minors, and vendors must be licensed to sell lottery tickets. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes.

Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today the market is worth around $40 billion globally each year, according to various estimates.

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Sokratis Kokkalis is a Greek businessman. His father, Petros Kokkalis, was a communist politician and Greek Resistance member, living in exile in East Germany after the end of the Greek Civil War.

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<span class="mw-page-title-main">OPAP</span> Greek company organizing and conducting games of chance

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References

  1. ↑ https://www.intralot.com/files/PR_FY21_EN.pdf [ bare URL PDF ]
  2. ↑ https://www.intralot.com/files/PR_FY21_EN.pdf [ bare URL PDF ]
  3. ↑ https://www.intralot.com/files/PR_FY21_EN.pdf [ bare URL PDF ]
  4. ↑ https://www.intralot.com/files/PR_FY21_EN.pdf [ bare URL PDF ]
  5. ↑ https://www.intralot.com/files/PR_FY21_EN.pdf [ bare URL PDF ]
  6. ↑ "Profile - athexgroup.gr".
  7. ↑ https://www.intralot.com/files/PR_FY21_EN.pdf [ bare URL PDF ]
  8. ↑ "Home - World Lottery Association". World-lotteries.org. Retrieved 2017-01-14.
  9. ↑ "Athens Exchange". Ase.gr. Archived from the original on 2017-06-18. Retrieved 2017-01-14.
  10. 1 2 "Intralot". July 10, 2001. Archived from the original on July 10, 2001.
  11. ↑ "Online Backgammon News – December 2009 | Online Backgammon | Backgammon for Money". July 7, 2011. Archived from the original on July 7, 2011.
  12. ↑ "Home - World Lottery Association". World-lotteries.org. 2017-01-01. Retrieved 2017-01-14.
  13. ↑ "INTRALOT Acquires a 25% Stake in Bit8". Casino News Daily. 4 February 2015. Retrieved 8 October 2015.
  14. ↑ "Intralot to acquire remaining stake in Bit8". igamingbusiness.com. 20 October 2017. Retrieved 4 June 2018.
  15. ↑ "Google Translate". translate.google.com.au. Retrieved 2019-03-05.
  16. ↑ "Intralot brokers $340m deal with Illinois State Lottery". igamingbusiness.com. 5 February 2018. Retrieved 5 February 2018.
  17. ↑ "D.C. Council approves sole-source sports betting contract, aid to federal workers". Washington Post. Retrieved 2019-03-30.
  18. ↑ Thompson, Steve (9 October 2019). "Court denies injunction against District's no-bid sports gambling contract, dealing critical blow to legal challenge". Washington Post. Retrieved 14 April 2021.
  19. ↑ "Big Game Hunting". Gaming Intelligence: 48–49. April–June 2019. Retrieved 14 April 2021.
  20. ↑ "World Economic Forum - Who are the New Champions". January 9, 2009. Archived from the original on January 9, 2009.
  21. ↑ ""Prestigious "Global IT excellence" award to INTRALOT". World Lotteries Organization. Retrieved 2008-10-16.
  22. ↑ "16th World Congress on Information Technology". WITSA. Retrieved 2008-10-16.
  23. ↑ "Early Warning System GmbH - Home". Fifa-ews.com. Archived from the original on 2012-07-23. Retrieved 2017-01-14.
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