Intralot win in D.C.

All,

Following the suspension of and investigations into council member Jack Evans who apparently has more connections to Intralot than is good for him, the District of Colombia has voted in favour of the contract, handing a win to Jack Evans and - crucially - Intralot.

In terms of likely EBITDA the DC contract is only a minor cog in Intralot’s diversified business, but it represents a key argument Intralot are pushing in the US: Namely that it is the only company to provide a one-stop-shop to sports betting and can therefore move faster and be more user friendly to smaller jurisdictions.

In terms of Intralot’s current developments, this may also show that the wheels are not immediately coming off following the shambolic loss of the Inteltek contract.

Wolfgang