INTRALOT: SIGNIFICANT PROFITABILITY AND EXPANSION IN THE NORTH AMERICAN MARKET
The penetration into the North American gaming market through the establishment of its subsidiary «INTRALOT Inc» was announced yesterday during the Annual General Meeting of the company. «INTRALOT Inc» is based outside of Atlanta in Duluth, Georgia. The management team has excellent credentials and a vast amount of experience in the lottery industry including the International and North American gaming markets.
INTRALOT was established over 10 years ago and is currently ranked third in terms of sales and second in terms of profitability among integrated lottery suppliers worldwide. The company has secured an important position in European and Latin American markets while expanding its activities in the Middle East, South-East Asia and Australia. The Chairman of INTRALOT, Mr. Sokratis Kokkalis, emphasized that, INTRALOT, with 20 subsidiaries and 4 representative offices is a multinational company that can serve its clients in five continents. This diversification will give us excellent potential for future growth.
The corporate strategy is focused on the company’s geographical expansion, the development of new games and systems, and the development and support of new applications for the marketplace. The company continues to seek strategic collaboration and/or acquisition of other gaming companies which can bring synergies and economies of scale.
The CEO of INTRALOT, Mr. Constantinos Antonopoulos, emphasized that the pre-tax profits of the company for 2002 are expected to show an increase of more than 20% compared to 2001 and the consolidated turnover is expected to grow by 15% compared to 2001.
The continuous improvement of profitability and cash position gives INTRALOT the ability to maintain a high dividend yield. The Annual General Meeting approved a 0.65€ dividend per share, which is an increase of 124% compared to the previous year.