Intralot is increasing its focus on the lottery and iGaming sectors after selling its stake in a land-based casino in Athens for €8 million.
The company has disposed of its 50 per cent stake in Cypriot joint venture Karenia Enterprises, which held a 30 per cent stake in Athens Resort Casino, which in turn held a 51 per cent stake in Hellenic Casino Parnitha, now known as Regency Casino Mont Parnes.
Intralot acquired the stake in Karenia Enterprises for €6.75 million in January 2018.
The move reflects Intralot’s focus and future investments in the lottery and iGaming sectors after completing the acquisition of Bally’s International Interactive business last month.
Last week, Intralot signed a new 10-year contract with the Arkansas Scholarship Lottery, which will become one of the first in the United States to adopt its LotosX central gaming system.
Having worked with the lottery since 2009, the new agreement comes into effect from 15 August 2026, with the two entities to begin work on transitioning to the new technology in the coming months.
Shares in Intralot SA (ATH:INLOT) were trading 0.75 per cent higher at €1.078 per share in Athens Thursday morning.