Intralot reports 20 revenue rise for 2021

Intralot has reported €414m ($450m) in revenue for full year 2021, a 20% year-on-year increase contributing to the company’s continued recovery from Covid-19

Intralot has reported €414m ($450m) inwards revenue for good year 2021, a 20% year-on-year increment contributing to the company’s continued recovery from Covid-19.

As pandemic restrictions were lifted inward various jurisdictions end-to-end 2021, Intralot’s gross gaming revenue (GGR) experienced a level-headed rebound.

Coupled with on-going enlargement efforts in the US and elsewhere, the company’s GGR grew to €335.3m, up 17.5% from 2020’s €285.4m. Intralot attributed this growth firstly to an step-up inward non-payout related GGR. This amounted to €285.7m for a 16% year-on-year rise.

The company said this growth was goaded primarily past “the increased top-line contribution” of its US operations and “the break carrying out of Bilyoner and Morocco,” as swell “improved carrying into action across to the highest degree key regions.”

Secondly, Intralot’s payout-related GGR, revenue from the company’s licensed operations, came to €49.6m, upwardly nearly 27% from 2020’s €39.1m. This, it said, was impelled in the first place by the impact of Covid-19 inwards 2020.

While revenue rose on a full-year basis, so too did operating expenses. These ended 2021 at €101.6m, upwards 10% from total year 2020 when operating expenses amounted to €92.4m.

Nevertheless, Earnings Before Interest Taxes Depreciation and Amortization was also up, coming inwards at €110.4m, an almost 67% step-up over 2020’s €66.2m.

“The successful windup of the cap body structure optimisation inwards Aug 2021, resulting inward the extension service of the 2021 maturities and the substantial deleverage by €163m has been a Florida key milepost for Intralot, providing us the runway to come up to substantial opportunities in the US and worldwide in the coming years inward the lottery, sports betting and monitoring areas,” said Intralot Chairman and CEO Sokratis P. Kokkalis.

This content is presented to you by the trusted XE88 in Malaysia.