Greek lottery and gaming solutions supplier, Intralot, has confirmed at its annual general shareholders assembly that it will be shifting its focus towards the new opportunities that have arisen across the US.
The Group Chairman and CEO, Sokratis Kokkalis, expressed that ‘he is very optimistic about the strengths of the company and the opportunities opening up including sports betting in the US.’
Discussed at the meeting, the group’s management addressed its plans to capitalize on the growing lottery market, having already brokered deals to extend agreements across New Hampshire, Wyoming. Intralot also extended its footprint into Illinois after signing an agreement to supply lottery and gaming solutions.
The extensions hoped to focus ‘on the need to improve the company’s cash flow generation through a combination of new business, operational efficiencies, and organic growth opportunities and analyzed the company’s main business developments during the year including the contract renewals.’
During the discussions, an expansion into Canada was also discussed, with hopes to build upon the company’s new contract with Canada’s British Columbia Lottery Corporation.
The news comes after Intralot bolstered its US leadership team, which saw the appointment of three new independent directors.
Joining the firm was Ambassador Thomas Miller, Non-Executive Chairman and Independent Director; Daniel Rappaport, Non-Executive Vice-Chairman and Independent Director; Nicholas Mitropoulos, Independent Director; Byron Boothe, Director and Interim CEO, INTRALOT Inc; and Nikolaos Nikolakopoulos, Director and INTRALOT Group Deputy CEO.