INTRALOT and AMELCO announce the signing of a binding MoU forming a strategic partnership and leveraging AMELCO’s state-of-the-art sports betting software platform. This move is expected to address market opportunities by combining in a single novel solution the strong retail expertise of INTRALOT with AMELCO’s betting platform’s state-of-the-art functionalities. The Definitive Agreement between the two parties is expected to be finalized within 1Q17.

Mr. Antonios Kerastaris, INTRALOT Group CEO, stated: “Partnering with AMELCO is a milestone development for the evolution of INTRALOT’s sports-betting offering and our capability to enhance our leading position in a fast growing sports betting market around the world, across all channels. We see in AMELCO the right partner towards this goal.”

AMELCO owner and founder Mr. Damian Walton said: “Our agreement with INTRALOT is an important recognition of the high caliber of our betting platform and a tremendous opportunity for us to access world markets through INTRALOT’s wide and prestigious client base and expertise. We look forward working closer with INTRALOT management and technical teams to tap growth opportunities through world-class products and services.”