Intralot 2022 dragged by Malta expiration as Nikos takes charge of U.S. subsidiary

Intralot 2022 dragged by Malta expiration as Nikos takes charge of U.S. subsidiary

Article brief provided by SBC News
  • Ted Menmuir, SBC News
April 12, 2023 8:14 PM

Intralot SPA has cited a return to a ‘better operational efficiency’ as the Athens-listed gambling technology group delivers improved EBITDA results despite registering a decline in headline revenues.

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Publishing full-year 2022 results, Intralot registered group revenues of €392m [$431m], reflecting a 5.1% decrease compared to FY2021 results of €414m.

The decline in headline revenues was primarily attributed to the license expiration of its Malta lottery (B2C) contract, which resulted in a -€50m outcome.

However, the company experienced growth in the key regions of Argentina, Croatia, and Australia, as growth of its Technology B2B unit helped offset the negative impact of the Malta license expiration.