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INTRALOT acquires 49% stake in Bulgaria’s Eurobet

6th April 2016 7:44 am GMT

Greek betting and lottery giant INTRALOT has strengthened its presence in Eastern Europe with the acquisition of a strategic stake in licensed Bulgarian lottery operator Eurobet.

Through the company’s Bulgarian subsidiary BILOT, INTRALOT has acquired a 49 per cent stake in Eurobet, a provider of numerical games and scratch tickets across a network of 1,100 points of sales countrywide.

The completion of the acquisition, which is subject to regulatory approvals, is expected to occur by June.

The deal [...]

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