INTRALOT & BIT8 CELEBRATE STRATEGIC ALLIANCE IN PRESENCE OF THE PRIME MINISTER OF MALTA
INTRALOT, a leading gaming company worldwide, and Bit8, a global innovator in online customer relationship management, celebrated their Strategic Alliance hosting a reception at Hilton Malta in the presence of the Prime Minister of Malta, Hon. Dr. Joseph Muscat on November 13th, 2015. The event was honored by the presence of governmental officials, prominent members of the Maltese business community and media representatives.
Taking the floor, the Prime Minister of Malta Hon. Dr. Joseph Muscat, stated: "The strategic alliance of INTRALOT and Bit8 set the example for other sectors of the Maltese economy. We are very satisfied to see innovative Maltese companies with clear vision becoming an international leader in its field and attract global investors. Both investors and consumers need a regulated environment and Malta is making great strides towards this direction."
The cooperation of INTRALOT and Bit8 started in February of 2015 when they announced their strategic cooperation during a Press Conference in London. In July 2015, INTRALOT acquired a 35% stake in Bit8 with a call option to raise its participation up to 60%. The two companies cooperate closely for the exclusive, joint development in the international online platform market, in order to provide INTRALOT’s global customer base with unparalleled Customer Relationship Management (CRM) and Player Account Management (PAM) services and innovative gaming platform solutions.
Mr. Antonios Kerastaris, INTRALOT Group CEO, commented: "We are delighted to ratify INTRALOT’s strategic alliance with Bit8 in the presence of the Prime Minister of Malta, Hon. Dr. Joseph Muscat. The combination of Bit8’s innovative and flexible technology with INTRALOT’s global footprint, operational expertise and jointly developed cutting-edge products will provide our customers with a world of new and exciting gaming experiences.” Mr. Kerastaris underlined INTRALOT’s long-term presence in Malta, noting “We have invested in the Maltese market since 2004 when our subsidiary, MALTCO Lotteries, was granted the first licence to operate the National Lottery. All these years we have become part of the country’s economic growth, creating employment, generating revenues for the state, fostering cooperation with local stakeholders and supporting the Maltese community.”
“The global alliance between Bit8 and INTRALOT enables us to widen our reach on a global level, taking us closer to reaching our goal of becoming the world’s best gaming platform”, said Dr. Angelo Dalli, CEO, Bit8. “The alliance also gives Bit8 additional resources to provide services to both online and land based gaming operators, enhance our service levels and professional services, while allowing us to invest more in our human resources and in our award winning Bit8 platform and our innovative artificial intelligence technology and solutions”, he added.
Mr. Joseph Cuschieri, Executive Chairman, Malta Gaming Authority, stated “I am sure that this strategic alliance between INTRALOT and Bit8 brings more value to the new shareholders but also to the gaming industry in general where irrespective of size and history, innovation is a must. The same is true for Malta and as we embark on the road to regulate for innovation - to develop and employ innovative regulatory approaches that provide for the MGA to intervene only in as much as necessary, based on evidence of potential and actual risks to integrity and players. While there is a new dynamism in technological development and innovation to enhance player retention, for us it is equally, if not more important, that player protection remains our number one objective. We are aware that such new technologies also capture more player data that can be useful to develop more intelligent player protection mechanisms”.
Going forward, INTRALOT and Bit8 aim to maximize their respective industry-leading technological expertise to deliver solutions that offer to the global gaming industry the most advanced and extended products and services portfolio and offer players an unparalleled gaming experience.
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With presence in 57 jurisdictions, about 5.400 people and revenues of €1,85 billion for 2014, INTRALOT has established its presence on all 5 continents.
INTRALOT’s subsidiary in Malta, MALTCO Lotteries Ltd., was granted a license to operate the National Lottery in 2004. MALTCO operates all National Lottery and Additional Games (Super 5, Lotto, Quaterno, Grand Lottery, Instant lotteries -Scratchers, U*BET Fixed Odds Betting and Horseracing, Quick Keno, Bingo75 and Fast Bingo) in Malta and offers its services through an extensive network of Points of Sale (Lotto Booths). In 2012 MALTCO Lotteries has been granted the license to operate the National Lottery of Malta for 10 additional years.
Bit8 is a gaming platform software development company that offers an innovative intelligent gaming backend catering for current and future needs of modern gaming operators, both online and land-based. Available in both standalone and hosted versions, and complimented with a variety of professional services, our platform solution provides a source of competitive advantage to operators that maximizes player lifetime value while increasing revenues and decreasing costs through the use of Artificial Intelligence technology and automation of manual labor.
For more info: Ms. Persa Kartsoli, Group Director of Corporate Communications, Phone: +30-210 6156000, Fax: +30-210 6106800, email: firstname.lastname@example.org - www.intralot.com & Ms. Pauline Galea, PA to the CEO, Bit8, Phone: +356-2092 5207, email: email@example.com – www.bit8.com