INTRALOT ACQUIRES STRATEGIC STAKE IN CYBERARTS (USA)
The acquisition of a 35% stake in CyberArts, the Silicon Valley interactive gaming platform provider, supports INTRALOT’s strategy of expanding INTRALOT Interactive’s (I2) product offering and reinforcing even further the Group’s pioneering role in the regulated gaming industry. INTRALOT Interactive was launched earlier this year, in recognition of the growing importance of the interactive gaming sector worldwide and its portfolio is enriched even further by the strategic partnership with CyberArts. The company will have the option to increase its stake to 51%.
“The CyberArts’ Foundation© platform is the technology that made possible, in 2009, one of most remarkable success stories in interactive gaming. CyberArts proved tangible value can be delivered to operators through their best practices and combination of innovative technology and customer-centric approach. This strategic partnership increases I2’s momentum towards shaping the future of interactive gaming and meeting the needs of interactive gaming operators in all regulated markets worldwide. We eagerly anticipate working together with the CyberArts Management team and materializing this evidently very fitting partnership into global success”, said George Zenzefilis, General Director of I2.
CyberArts, launched in 1995 by Silicon Valley pioneers Ken Arnold and Chris Derossi, is the technology provider of choice for many leading gaming operators worldwide, with strong presence in the Italian, French and US markets and great potential of further expansion worldwide. CyberArts’ Foundation suite incorporates a wide range of gaming products including highly scalable Poker, Bingo, Backgammon, Asian Card Games and other Casino table games. “The new partnership with INTRALOT caps an exciting year for CyberArts. I2 is paving the way for the future of online gaming and we share the same vision as to what that is and how it will be achieved. CyberArts Foundation is the leading enterprise-grade, multi-player gaming software platform available in today’s marketplace, and through INTRALOT’s proven Technology Infrastructure, Products and Services, will offer new choices and further increase the value to our customers”, said Ken Arnold, Chairman of CyberArts.
“The acquisition of a strategic stake in CyberArts is a significant step towards expanding the online gaming capabilities of the INTRALOT group in view of impending regulation in European and North American markets“, commented Andreas Papoulias, Managing Director of I2 and member of the BoD of INTRALOT S.A.
INTRALOT Interactive focuses both on providing its pioneering technology to Lotteries and State Organizations worldwide and on seeking licensing opportunities for operating in the new regulated environment, where responsible gaming becomes even more important. INTRALOT Interactive has an extended portfolio of services in Technology, Operations and Marketing and is ready to lead the way in the interactive gaming market.