Intralot’s Net Loss Widens in “Transitional Year” 2019
May 25, 2020 Jessica WhitehouseTuesday the 5th of May 2020 saw Greek gaming and lotteries giant Intralot announce a net loss of €111.9m from continuing operations. The business describes this as a “transition year” as it has seen significant falls in both group turnover and growth revenue. According to the report, while the amounts wagered through Intralot’s platforms, brands grew by 21% year-on-year to €18.3bn. The reported consolidated revenue went down by 8.1% and was €720.6m for the calendar year.
Decline in Licensed Operations

Intralot Sees Net Loss Widen ©pexels
Revenue Growth in Technology and Support Services
According to the report, the technology and support services segment saw a 2.7% increase in revenue growth to €208.3m. The division benefited from a new contract that was signed in 2018 with the Illinois lottery and launched in February 2019. Equipment sales in Arkansas and the large Powerball jackpot in Q1 of 2019 were also responsible for the revenue growth in technology and support services. A strong performance in the Netherlands, particularly in sports betting, and a marginal increase in revenue from Chile were other factors that saw an increase in revenue in technology and support services. These mitigated lower sales in Greece following the transition to a new contract with OPAP and the negative impact of Argentinian currency fluctuations.
Gross Gaming Revenue
Gross gaming revenue, calculated as turnover minus payout, went down by 6% year-over-year to €409.1m with the biggest decline reported for licensed (B2C) operations. The gross revenue for licensed operations declined y 7.4% to €128.6m while management and technology (B2B) operations’ contribution fell 5.2% to €280.5m. During the year, Intralot carried out large-scale restructuring of the business’ product portfolio as well as divesting stakes in a host of different assets. This, the company says, is what it largely attributes to the decline in revenues but it is confident that they will see a turn around in fortunes in the near future.