Supplier of lottery and gaming solutions for the international gambling industry INTRALOT announced the departure of Tom Little, CEO of the company’s US subsidiary – INTRALOT Inc. Mr. Little’s responsibilities were undertaken by INTRALOT Group Chief Operating Officer Nikos Nikolakopoulos.
Mr. Nikolakopoulos was appointed as Interim CEO of the major group’s US subsidiary on October 19. He will have to ensure that services and operations will keep on running in due course and that offering will be upgraded in alignment with their global strategies.
As for Mr. Little, he has become a Non-Executive Board Chairman and will retain that post up until his upcoming departure from the company.
Mr. Little has joined INTRALOT USA as CEO and President back in 2002. However, his experience in the international gambling industry spans over more than four decades. In 1975, Mr. Little was appointed as Senior Vice President – Systems at Scientific Games, yet another internationally recognized leader in the provision of lottery and other related solutions and services.
Commenting on the announcement about Mr. Little’s retirement, INTRALOT Group CEO Antonios Kerastaris thanked his colleague for his numerous contributions to the successful launch and subsequent growth of the company’s US division.
Mr. Kerastaris further dwelt that INTRALOT will remain committed to grow its US business even more. In order to do that, the company plans to launch new lottery services and products, particularly ones for the retail segment. By evolving its portfolio in a market INTRALOT considers one of its core areas of focus, the supplier aims at responding to customers’ demands and supporting its US-facing B2B clients in fulfilling their growth targets.
INTRALOT’s North American business demonstrated particularly strong performance during the second quarter of 2016. According to the group’s quarterly report, it generated overall revenue of €331.9 million during the period in review, up 13.3% year-on-year. The growth was attributed mainly to improved sales in East Europe and North America. Revenue from the regions amounted to €63.9 million and €19.3 million, respectively.
Group revenue for the six months ended June 30, 2016 totaled €636.9 million, up 2.9% as compared to the same period of the previous year. Gross profit amounted to €60.3 million (up 10.4%) during the second quarter of the year and to €119.2 million (up 2.7%) during its first half.
