Intralot mulling access to international markets, foreign stock exchanges, says chairman
Greek gaming software firm Intralot is considering accessing international markets and foreign stock exchanges to respond to a shrinking in domestic operations and the economic crisis in the country, its chairman Sokratis Kokkalis said during the company’s annual general meeting on Thursday.
Speaking to shareholders, he said that while Intralot is one of the biggest technology suppliers and operators in the most developed and advanced markets globally during the last 15 years, it is often treated with skepticism in Greece.
“The shrinking of Intralot’s domestic operations, combined with and adverse environment in Greece, might lead the company management to carefully examine the prospects for access to the international markets and foreign stock exchanges for the benefit of its shareholders,” he was quoted as saying according to a press release.
Commenting on the company’s international operations, Kokalis noted Intralot’s global expansion in 32 countries and the important opportunities in the US market, where the company is present in 12 states with 600 employees.
He also referred to the profitable Turkish market activity, where it operates sports betting, in cooperation with Turkcell, and monitors the developments in the upcoming tender for the privatization of the National Lottery Milli Piyango and Horse Racing Club, which were recently reorganized under a new State holding company.