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INTRALOT IMPACTED BY FOREX FLUCTUATIONS

Thursday May 19,2016 : INTRALOT IMPACTED BY FOREX FLUCTUATIONS

Mixed bag of first quarter 2016 results.

Intralot’s financial report for the three month period to March 31, 2016 delivered a 3.6 percent drop in consolidated revenues to Euro 335.2 million (Q1/2015: Euro 347.7 million), attributed to strong currency exchange fluctuations.  If adjusted for constant currency, the company said it has produced an 8.6 percent rise in revenue to Euro 377.7 million.

Gross profit margin remained stable at 19.4 percent.  Margin expansion that took place in countries such as the US, Turkey and Argentina was counterbalanced by margin contraction mainly in Azerbaijan and Jamaica. Payout for the Group in the respective period increased by 2.6 percent.

Numerical Games, Intralot’s largest contributor to the top line, comprised 46.9 percent of group revenues, an increase of 1.4 percent, followed by a decrease of 8.3 percent in sports betting to 38.4 percent of Group turnover.

VLTs/AWPs represented 3.0 percent of Group turnover, an increase of 68.2 percent, followed by Technology contracts decreasing 6.7 percent now representing 9.4 percent.  Racing represents 2.3 percent, down 38 percent.

During the first quarter period, Intralot systems handled Euro 6.9 billion wagers worldwide, an increase of 2.7 percent driven by North America with wagers up 28.6 percent.  Africa increased 10.6 percent, East Europe grew 0.3 percent, Asia decreased 6.2 percent, South America and West Europe decreased by 4.1 percent.

Intralot Group chief executive officer Antonios Kerastaris commenting on the results said:

“Intralot’s strong financial performance in Q1, despite strong forex headwind, confirms that our operational model evolution and the alignment of our portfolio offering with market trends generate measurable results.

“Our strategy for growth through local partnerships in new and existing markets is guided by expanding and diversifying our portfolio with complementary products and market share.

“Additionally, our unique understanding of traditional industry verticals such as lottery and betting retail, as both technology provider and operator, drives our new product roadmap towards a universal customer experience.”

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Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

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2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

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Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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