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Intralot Announces Q1 2025 Financial Results
Intralot has announced its financial results for the three-month period ended March 31, 2025.
Intralot noted business uplifts in Turkey and Argentina helped steer its overall 10.9% year-on-year increase in Q1 revenue.
The international gaming solutions and operations provider said its management contracts division reported a 22.8% revenue jump, triggered by 61% local growth of the online sports betting market in Turkey.
Revenues in Intralot’s Licensed Operations (B2C) business unit rose by 64.8%, or €4.1m, due to “improving macroeconomic conditions” that are “supporting market growth.”
Intralot added that Technology and Support Services revenues climbed 1.6% due to strong performance in Argentina, upward sales trajectory in Croatia and organic growth in Oceania.
However, performance in the US was impacted by lower activity of multi-state jackpots.
Overall, Intralot’s revenue climbed almost 11% to €94.4m in Q1, up from €85.1m in Q1 2024.
Gross gaming revenue increased 8.3% to €88.5m, while adjusted EBITDA climbed 0.3% to €30.2m.
Intralot chairman Sokratis P. Kokkalis said: “Intralot’s results are characterised by revenue growth and free cash flow generation combined with stable profitability and continuing debt reduction, resulting in net debt leverage ratio of 2.4x.
“On the commercial front the company renewed key contracts in New Zealand through 2032 and New Hampshire through 2033, with the latter becoming the first US State to install our new central lottery platform Lotos X with its advanced functionalities.”
Lottery, at 55.2% of revenue, remained Intralot’s biggest growth driver ahead of sports betting, which accounted for a quarter of Q1 revenue.
The post Intralot Announces Q1 2025 Financial Results appeared first on European Gaming Industry News.

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FC Bayern and Betano Sign Partnership Agreement
Premium Online Sports Betting and Gaming Brand Betano Joins Forces with Football Giant FC Bayern in a Landmark Three-Year Agreement
FC Bayern, the 34-time champions of Germany and six-time champions of Europe, has entered a three-year partnership with Betano, the leading international online sports betting and gaming brand owned by Kaizen Gaming. This strategic alliance designates Betano as an Official Partner of FC Bayern starting from the 2025-26 season and extending until the 2027-28 season.
Michael Diederich, FC Bayern Executive Vice Chairman commented: “We are delighted to have Betano as a new Official Partner of FC Bayern. Betano stands out as a global market leader in its field – highly innovative and always pushing forward – qualities that we hold in high regard and also claim for ourselves. With Betano at our side we have gained another reliable partner to help us reach our growth objectives and continue to strengthen our innovative edge”.
George Daskalakis, Kaizen Gaming CEO, stated: “Today marks an exciting new chapter for Kaizen Gaming and Betano, as we proudly join forces with FC Bayern. When we first set out on our journey, we could only dream of partnering with one of the most iconic clubs in world football. They stand at the top of the game and this partnership reflects just how far we have come as a company, with Betano now recognized among the top online gaming and betting brands worldwide”.
Julio Iglesias, Kaizen Gaming Chief Commercial Officer added: “Germany has always been one of the most important markets for us, the second where Betano ever launched. Now, we are announcing our biggest partnership in the country and we double down on our commitment to creating innovative, safe and responsible gaming experiences for German fans. Of course, FC Bayern exceeds the borders of Germany, with millions of fans across the world. As Betano expands its international footprint, this partnership empowers us to connect with people globally”.
The post FC Bayern and Betano Sign Partnership Agreement appeared first on European Gaming Industry News.
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Uncover Ancient Riches in Ra’s Relics Bonanza™ from Booming Games
Step into the golden sands of Ancient Egypt with Ra’s Relics Bonanza, a thrilling 6×5 cascading slot adventure from Booming Games!
Land 8 or more matching symbols anywhere on the reels to secure a win, as winning symbols vanish and new ones tumble down, unlocking endless chances for treasure. Keep an eye on the Divine Scarab, collecting scatter symbols throughout the base game and triggering Free Spins at any moment.
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Craig Asling, Director of Games at Booming Games, said “Ra’s Relics Bonanza transports players to the heart of Ancient Egypt with thrilling cascading wins, powerful multipliers, and immersive gameplay. We’re excited to offer a game that blends rich visuals with high-volatility action for an unforgettable slot experience.”
The post Uncover Ancient Riches in Ra’s Relics Bonanza™ from Booming Games appeared first on European Gaming Industry News.
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Elantil sets new company record with super-fast AvatarUX integration
Pioneering platform solutions provider smashes previous personal best by adding award-winning slot developer to the Elantil Marketplace in well under two hours
They say lightning never strikes, but Elantil continues to prove this old adage wrong by completing even speedier integrations in its online marketplace – and this month’s addition of AvatarUX Studios has smashed the company’s previous record of two hours!
An award-winning slot developer famed for its visually-striking content and unique products, AvatarUX Studios is widely known in the iGaming industry for its innovative proprietary mechanics, including the popular PopWinsTM, as well as many other engaging features like ZapReelTM and Fortune Arrows.
Following this important strategic partnership, AvatarUX Studios’ acclaimed portfolio of content has now been added to Elantil’s Marketplace, giving the company’s customers an even wider range of gaming options to choose from – and all at cost-effective rates with terms they set themselves.
As Elantil merely facilitates the quick and easy pairing of operators with their preferred content suppliers, businesses are free to reach out to Marketplace partners directly and form their own agreements, with Elantil then wrapping things up by providing a hassle-free, one-click integration, with no revenue sharing.
In this way, operators can scale at pace and dynamically enhance the range of services they provide, while also staying in full control of their platforms and operating the way that works best for them.
John Debono, Chief Technical Officer at Elantil, said: “As speed is so often the name of the game in this industry, we’re incredibly proud to have smashed our personal best by integrating AvatarUX Studios in under two hours. With the developer’s acclaimed range of titles and award-winning mechanics now available to partners, they’ll be able to enjoy the full benefit even faster!”
Lara Falzon, CEO at AvatarUX Studios, said: “Having blazed a path in the industry with our proprietary mechanics and innovative features, we’re delighted to be able to offer our content to new operators via Elantil’s Marketplace – and the fact we completed our integration in a matter of hours shows just how quickly we’ll be able to transform their line-ups for the better.”
The post Elantil sets new company record with super-fast AvatarUX integration appeared first on European Gaming Industry News.
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