Intralot has acquired a stake in Bulgarian gaming company Eurobet, via its Bulgarian subsidiary, Bilot.
Intralot will acquire a 49 per cent stake in Eurobet, a company that offers the Bulgarian market numerical games and scratch tickets through a network of 1,100 points of sale countrywide.
Since 2002, Intralot has had strong presence in Bulgaria as 49 per cent owner of Eurofootball, offering fixed odds and live betting via a network of 850 shops.
The acquisition, which is subject to regulatory approvals, is expected to complete by June 2016.
Antonios Kerastaris, Intralot Group CEO, said: “We are proud to expand our presence in Bulgaria through acquiring a strategic share in Eurobet, a market leader in its sector.
“This acquisition aligns with our business growth strategy to seal strategic partnerships with strong local players. Through synergies with Eurobet’s assets we will be able to further boost our operations in Bulgaria and sustain our leading position in the area.”
