Greek lotteries and gaming solutions provider Intralot has reported an 8.5% year-on-year decline in revenue for the first quarter of its financial year, following weaker performances from all key business units.
Brazil’s much-delayed privatisation of the state’s instant lottery games business Loteria Exclusiva Instantânea (Lotex) has once again been postponed following a lack of interest in from potential bidders.
Happy Friday igamers! This week we do the sums on where good causes money is going in Ireland, ponder an odd image and say farewell to the man who threw the industry into disarray with his reinterpretation of the Wire Act.
Zeal Network has increased its profit guidance for the 2018 financial year, with the lottery brokerage now expecting to post between €37m and €39m in earnings before interest and tax following a strong performance in the final two months of 2018.
Lottoland has expressed its disappointment at the decision of Zeal Network shareholders to approve the company’s pending acquisition of former subsidiary Lotto24, claiming that the operator has failed to secure a mandate to proceed with the deal.
Zeal Network has tuned down Lottoland’s offer of €76m to purchase its German business, with CEO Helmut Becker again accusing the lottery betting operator of trying to disrupt ongoing acquisition talks with Lotto24