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Financial News

Commenting on the 2Q 2016 Results INTRALOT Group CEO Antonios Kerastaris noted: “INTRALOT’s 2nd Quarter results reflect the impact of successful efforts in portfolio reorganization through a dynamic roadmap of new products and services and the geographical rebalancing of our presence, assisted by completed organizational changes and cost containment. We are particularly encouraged by high growth rates in mature markets such as the US as a clear sign of competitiveness gains and we are committed to further business development in North America and other promising regional markets such as Africa and East Asia. ”

Financial News

Harald Neumann, NOVOMATIC Chairman of the Board, said: “We pursued our growth strategy during the first half of the year and have undertaken a number of important expansions. With our acquisition of the British gaming operator Talarius, we have further increased our market share in the important UK gaming market, and we are now the largest operator of gaming arcades in the UK. Our intention to acquire a stake in the Australian listed gaming technology company Ainsworth would give a massive boost to our market position in Australasia, as well as in North and South America.”

Financial News

"As a Company, we are working toward meeting the strategic targets we outlined for shareholders at the beginning of 2016," said Richard Weil, Chairman and CEO of INNOVA. "We have built a strong base of recurring revenue and cash flow, LT-3 deployments are ongoing and ARPU for the year has been slightly ahead of our estimates as we have added exciting new features in a number of jurisdictions. We intend to begin to roll out our LT-3's in New Hampshire later this year and anticipate that we will successfully sign one further jurisdiction by the end of 2016. The addressable market for our LT-3 is large. We have only just begun to tap into this opportunity as we seek to grow INNOVA into a substantial player in the lottery and charitable gaming space."

Financial News




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