During the meeting, the Group CEO, Antonios Kerastaris, presented the main strategy pillars. More specifically:
1.Developments in the geographic refocus and investments to shift the client mix towards developed markets such as the United States, where Intralot, in addition to renewing 5 major contracts with State Lotteries last year, was awarded the entire technology support contract by Camelot for the Illinois State Lottery for the next 10 years. Special mention was made to the recent developments around the US Supreme Court decision to strike down the sports betting federal ban, opening up the prospects of potential market of more than usd 20bn in GGR.
2.The investment in an entire new generation of products enabling Lottery digital transformation, including the new lottery central system solution and the new betting platform, based on a holistic approach the involves cross-platform and cross-vertical infrastructure facilitating fast go-to-market and reducing total cost of ownership for the operators, creating tremendous competitive advantages for Intralot’s product portfolio offering.
3.Investments in a robust financial structure resulting in reduction of the average bond interest rates, the extension of the average maturity periods, and full repayments of the syndicated loan facilities to the Greek banking system.
The Shareholders approved the financial results and renewed the own stock repurchase program between a lowest price of €0,30 and a highest price of € 12 for up to 10% of the company stock.
Source: GMB
