Intralot extends Lotterywest contract until 2026

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lottery Following the loss of the Inteltek sports betting contract in Turkey and the suspension of its Bulgarian licence, Intralot’s revenue for the three months to 30 September was down 44.9% year-on-year at €97.8m. The company posted a loss of €20.5m for the quarter. In November last year, Lotterywest also signed a ten year supply agreement with online lottery supplier Jumbo Interactive. Lottery supplier Intralot’s Australian subsidiary has signed an extension of its contract with existing client Lotterywest, the state lottery of Western Australia, from January 2022 until January 2026. “We are proud to extend our strong and solid collaboration with Lotterywest, an esteemed lottery operator with extreme contribution to the West Australian society,” Marios Mitromaras, chief executive of Intralot Australia, commented. 5th January 2021 | By Conor Mulheir Tags: Intralot Lotterywest Topics: Lottery Retail lottery That deal saw Jumbo provide its white label platform to the operator for its online operation, and initially lasts for three years, with the option for three and then four-year extensions.center_img Subscribe to the iGaming newsletter “This extension represents the confidence on Intralot’s lottery technology, systems and support.” Also in November, Intralot announced that it expected 2020 earnings to be reduced by between €25m and €28m due to the effects of the novel coronavirus (Covid-19) pandemic. In December, the supplier said the reopening of Australian gambling venues and ‘smoother’ sports betting operations had left it hopeful of a recovery in Q4 2020, after the pandemic continued to impact its Q3 results. This will see Intralot Australia continue to provide its lottery operating system and services for the operation of Lotterywest. Regions: Australia Intralot extends Lotterywest contract until 2026 Email Addresslast_img read more

Olympia Capital Corporation Limited (OLYMPI.bw) HY2020 Interim Report

first_imgOlympia Capital Corporation Limited (OLYMPI.bw) listed on the Botswana Stock Exchange under the Investment sector has released it’s 2020 interim results for the half year.For more information about Olympia Capital Corporation Limited (OLYMPI.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Olympia Capital Corporation Limited (OLYMPI.bw) company page on AfricanFinancials.Document: Olympia Capital Corporation Limited (OLYMPI.bw)  2020 interim results for the half year.Company ProfileOlympia Capital Corporation is an investment holding company operating in the construction industry in Botswana. Through its subsidiaries, the company manufactures and markets a range of building materials that includes vinyl floor tiles, and aluminium and PVC windows and door frames. The company also has interests in manufacturing and supplying industrial adhesives and glue, cleaning chemicals, fire equipment, water pumps. Olympia Capital Corporation manages a portfolio of real estate investments which includes Avon Centre and Heri Heights Limited. The company has identified opportunities to expand its footprint in southern and eastern Africa. Olympia Capital Corporation Limited is a subsidiary of Olympia Capital Holdings Limited.last_img read more