Finance

INTRALOT Group ANNOUNCEMENT OF FINANCIAL RESULTS for the six-month period ended June 30 th, 2019

in Finance

INTRALOT Group Chairman & CEO Sokratis P. Kokkalis noted: “The second quarter results, although still absorbing the business impact of last year’s negative developments, reflect improvement in operating cash flows and liquidity by successfully implementing our three-pillar strategy for operational improvements, new business, and non-core asset disposals. We successfully completed the delivery and transition to the Lotos X new central system for our historic client OPAP in July, and came to an agreement with OPAP for the disposal of our 16.5% participation in Hellenic Lotteries for a consideration of €20.0m. The renewal of our contract with the DC Lottery to include Sportsbetting and the award of a new Sportsbetting contract in Morocco demonstrate INTRALOT’s readiness to tap fresh opportunities with cutting-edge new technological solutions.” READ THE ENTIRE REPORT HERE

Read moreINTRALOT Group ANNOUNCEMENT OF FINANCIAL RESULTS for the six-month period ended June 30 th, 2019

Inspired Reports Second Quarter 2019 Results

in Finance

Lorne Weil, Executive Chairman of Inspired commenting on the quarter said  "we believe that by the end of 2019/beginning of 2020 we should have mitigated the impact of the Triennial Implementation to a level at or below our earlier forecasts, added new organic Adjusted EBITDA at least equal to the Triennial Implementation impact, completed the NTG Novomatic UK's Gaming Technology Group, acquisition and begun to realize the benefits of synergy. This would take our profitability to an entirely new level and provide a platform for continued growth thereafter." 

Read moreInspired Reports Second Quarter 2019 Results

Scientific Games Reports Second Quarter 2019 Results

in Finance

"We are pleased with the growth we are continuing to see across Lottery, Digital, and SciPlay while also stabilizing gaming operations driven by the successful launches of several new games. The second quarter really highlights the diversity of our business and the many avenues we have to generate revenue across the globe," said Barry Cottle, President and Chief Executive Officer of Scientific Games. "The entire organization is laser focused on strengthening our core business and capturing market share in emerging digital markets while making our business more efficient. These key focus areas will allow us to deliver the greatest returns for our stakeholders, set ourselves up for profitable growth, and generate significant cash flow to continue on our deleveraging path."

Read moreScientific Games Reports Second Quarter 2019 Results