Global gaming solutions provider Intralot is sharpening its strategic focus on the lottery and iGaming sectors following the sale of its stake in a major land-based casino venture in Athens. The company has disposed of its 50 percent stake in the Cypriot joint venture Karenia Enterprises for a total of €8 million.
Karenia Enterprises held a 30 percent interest in Athens Resort Casino, which in turn owned a controlling 51 percent stake in Hellenic Casino Parnitha, the operator of the well-known Regency Casino Mont Parnes.
Intralot originally acquired the stake in Karenia Enterprises for €6.75 million in January 2018. The divestment represents a clear shift in corporate strategy, moving away from physical casino operations to concentrate resources on digital and lottery technologies.
This move aligns with Intralot’s broader roadmap for future investments, following its recent acquisition of Bally’s International Interactive business last month.
The company aims to leverage these resources to expand its footprint in the rapidly growing online gaming and lottery modernization markets.
The strategic pivot is already yielding results. Last week, Intralot secured a significant new 10-year contract with the Arkansas Scholarship Lottery. Under this agreement, the Arkansas lottery will become one of the first in the United States to adopt Intralot’s advanced LotosX central gaming system.
Having partnered with the lottery since 2009, Intralot will begin transitioning the state to this new technology in the coming months, with the new contract officially taking effect on August 15, 2026.
This dual announcement of divestment and new contract acquisition underscores Intralot’s commitment to innovation in its core verticals.
By shedding non-core assets like the land-based casino stake, the company is better positioned to invest in its proprietary technology platforms and secure long-term partnerships with government lotteries worldwide.
Following the news, shares in Intralot SA (ATH:INLOT) reacted positively, trading 0.75 percent higher at €1.078 per share in Athens on Thursday morning.
