Gaming operator Intralot has posted an increase in revenues to beyond the €1bn barrier, thanks to a bonds issue and contract extensions in the US.
Year-on-year turnover increased by 11.4 per cent to €1.104bn in 2017, while earnings before earnings before interest, taxes, depreciation and amortisation were up by 5.5 per cent over the same period.
The firm secured a new 10-year contract with Camelot for the Illinois State Lottery in October of last year and renewed deals with Ohio, Vermont and Arkansas state lotteries and extending co-operation with OPAP in Greece. There were disposals in Jamaica, Russia and Slovakia.
A total of €500m in senior notes with a seven-year maturity period at a reduced 5.25 per cent rate extended the company’s average debt maturity period to help provide “a stable financing horizon”, in the words of Intralot Group CEO Antonios Kerastaris.
