"Since our initial public offering twelve months ago, we have not only delivered on the goals we set for growth but have matured to become an established leader in our space," said Richard Weil, Chairman and CEO of INNOVA. "Although the timing of some deployments originally slated for Q1 2016 shifted to Q4 2015 in response to revised customer directives, we still generated strong revenue growth of over 16% compared to Q1 2015 and continued to roll out LT-3 terminals across our network. Our solid reputation and demand for LT-3 terminals position us well to deliver on our target deployment range of 300 to 360 units over the course of 2016."
“We are excited to partner with the Missouri Lottery, because through the rigorous RFP process, it is clear they have many innovative ideas that we are excited to incorporate into their new gemIntelligence platform”, said Jean Lombard, President of Lapis Software Associates. “We understand all lottery sales operations are different, and our focus is to deliver the most robust set of features and capabilities that are customized for each lottery’s unique requirements and accessible from all devices.”
Presented by the State Bar of Nevada's Gaming Law Section
Commenting on the 1Q 2016 Results INTRALOT Group CEO Antonios Kerastaris noted: "INTRALOT's strong financial performance in 1Q16, despite strong FX headwind, confirms that our operational model evolution and the alignment of our portfolio offering with market trends generate measurable results. Our strategy for growth through local partnerships in new and existing markets is guided by expanding and diversifying our portfolio with complementary products and market share. Additionally, our unique understanding of traditional industry verticals such as lottery and betting retail as both technology provider and operator drives our new product roadmap towards a universal customer experience."
“At the end of the day, we do try to run the lottery as a business and be very effective, but we keep in mind that we have a public mission,” said Michael Sweeney, executive director of the Massachusetts State Lottery. “We drive revenue back to 351 cities and towns as unrestricted local aid. They get to decide each year how the money is going to be spent. It’s one of their largest sources of dollars.” Sweeney said a long track record and high payout rates — 72 percent of sales revenue was paid out as prizes last year — have helped make the lottery a success. Excitement surrounding recent record jackpots in the multi-state Powerball and Mega Millions games have also had an impact, he said. “Over the last three to four decades, the Massachusetts lottery has been run with a high degree of integrity, and I think the consumer knows that,” he said. “It’s a respected product, and a product I think our players know they can trust.”
2016 Public Gaming January/February
2015 Public Gaming November/December
2015 Public Gaming September/October
2015 Public Gaming July/August
2015 Public Gaming May/June
Public Gaming Magazine January/February 2014