Greek gaming provider Intralot SA says its new organizational structure will allow the company to consolidate its global operations after years of expansion.
The Athens Stock Exchange-listed company announced in January that it would organize around three sectors: products and services, global operations and sales, and technology.
"After 20 years of global expansion and successful operations in multiple regions, we have decided to consolidate the company's global operations... To continue to deliver the most innovative gaming solutions to our customers, we can be more flexible and effective," said Socrates Cochalis, Intralot's deputy chief executive, at Wednesday's annual shareholder meeting.
"We are confident that the new participatory management structure will increase shareholder value and generate strong financial performance," he said in a statement.
The company says it is investing in sectors with competitive advantages such as mobile lottery, online and land-based betting and gaming.
In 2013, the company's revenue rose 12% to 1.5 billion euros ($2.03 billion). However, negative foreign exchange effects have cost it more than 4 million euros, Intralot said.
At Wednesday's meeting, Intralot Chief Financial Officer Antonios Kerastaris said the company has "refinance all existing debt and added more liquidity firepower" through two bond issues and renewals of its syndicated lending facility.
"Intralot now has a diverse, flexible and long-term financing structure," he added.
BY: 바카라사이트 추천