Intralot streamlines operating divisions

7 May 2019

Greek lottery and gaming solutions provider Intralot has reorganised its operations, technology, digital and commercial divisions as part of a wider restructuring of the business.

This new structure is designed to help the company cut costs and streamline the business, allowing for faster project delivery and to better leverage new product launches across all divisions.

It sees Maria Stergiou, who was promoted to chief operations officer in March, take on the new role of chief sales and operations officer. In this position she will oversee all sales and operations, supervise projects across the world, and lead business development, bidding and sales.

Nicklas Zajdel, whose appointment was announced alongside Stergiou's promotion, will now serve has chief digital and sports betting officer after being hired from GVC's Ladbrokes Coral as chief digital officer. He will lead product and technical development, and hold ultimate responsibility for Intralot’s Orion platform, as well as managing trading operations and digital products and services.

Fotis Konstantellos, meanwhile, takes charge of the lotteries division, just weeks after being named chief commercial officer. He will be responsible for the LOTOS platform and the supplier’s lottery terminal business.

Finally, Christos Dimitriadis will take charge of integrated solution delivery and technical support for group projects as chief service and delivery officer. All four will report directly to Intralot deputy chief executive Nikos Nikolakopoulos.

As a result of the restructuring, Intralot’s current chief technology officer Argyrios Diamantis will shift to an advisory role focused on new technologies and innovation.

The divisional changes come after Intralot reported a 6.4% decline in turnover to €870.8m for 2018, and a net loss for the year of €25.6m. Chief executive Sokratis Kokkalis said that this showed the need for a major restructuring to reduce costs and streamline operations.

Kokkalis took up the CEO duties in March, after the former incumbent Antonios Kerastaris resigned in the wake of Intralot losing the contract to operate Turkey’s sports betting monopoly Iddaa, which it had held for 15 years.