• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Intralot signs EUR200 million loan

Jun 03, 2014 Newsdesk Industry Talk, Latest News  


Intralot signs EUR200 million loan

Greek gaming supplier Intralot SA has signed a three-year, EUR200 million (US$272 million) syndicated loan facility, with a one-year extension option, via its subsidiary Intralot Finance UK Plc.

Intralot states it is the only international company certified as an approved terminal supplier by the China Sports Lottery Administration, one of the mainland’s two national lotteries, following a selection and evolution process that ended March last year.

The company, listed on the Athens stock exchange, said in a statement issued on Monday that the facility will replace an existing syndicated loan, which has been fully redeemed and was due to mature in December. The announcement about Intralot’s new syndicated loan does not say how or in what markets the money will be used.

Société Générale SA and Alpha Bank UK coordinated the transaction, while the syndicate included Citigroup, Eurobank, National Bank of Greece and Piraeus Bank, which acted as mandated lead arrangers.

“The renewal of our syndicated credit facility, well before its maturity, concludes a process that now provides Intralot with a diverse, flexible and long-term funding structure,” Antonios Kerastaris, group chief financial officer said in a statement.

In April, Intralot had issued EUR250 million worth of 7-year unsecured notes due in 2021. The notes’ coupon was set at 6 percent and the yield at 6.125 percent.

Intralot is a global supplier of gaming and transaction processing systems, sports betting management and interactive gaming services. The company has businesses in over 50 jurisdictions and reported revenue of EUR1.54 billion for last year.

In May last year, ChinaTrust Commercial Bank, the operator of the public welfare lottery in Taiwan, selected LotRich Information Co Ltd, in which Intralot has a major stake, as the system technology provider for another 10 years. Additionally, LotRich signed two more contracts last year for the provision of technology and support services for sports betting with the Taiwan Sports Lottery Corp, the betting operator in the country.

In September last year, Intralot announced that the Nanum Lotto consortium, in which the company participates, had been awarded a licence by the Korea Lottery Commission to continue operating South Korea’s national lottery for five years.

Intralot also has businesses in the Philippines and Malaysia.


  • tweet
Related articles
  • IGT might reinstate dividend in 3Q 2021: analyst
    IGT might reinstate dividend in...

    Nov 16, 2020  

  • Asia Pioneer places product at Hoiana, starts new biz theme
    Asia Pioneer places product at Hoiana,...

    Jun 29, 2020  

More news
  • Macau Jan gaming tax take US$402 mln, down 63 pct
    Macau Jan gaming tax take US$402 mln,...

    Mar 03, 2021  

  • Casino surveillance biz decline leads Synectics to annual loss
    Casino surveillance biz decline leads...

    Mar 03, 2021  


Latest News

Macau Jan gaming tax take US$402 mln, down 63 pct

Macau Jan gaming tax take US$402 mln, down 63 pct

Mar 03, 2021  

The Macau government collected nearly MOP3.21 billion (US$402.1 million) in tax revenue from the city’s gaming industry for the first month in 2021. That figure was down 63.6 percent compared...
Read More
Casino surveillance biz decline leads Synectics to annual loss

Casino surveillance biz decline leads Synectics to annual...

Mar 03, 2021  

Casino op Genting Malaysia pay cuts March-May: reports

Casino op Genting Malaysia pay cuts March-May: reports

Mar 03, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“As a leaner, stronger company, we expect leverage to return to pre-pandemic levels in the next 12-18 months”

Max Chiara

Chief financial officer at gaming product and lottery services provider International Game Technology



Most Popular

  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us