Intralot shareholders approve 150 mln euro bond

ATHENS, June 4 (Reuters) - Greek Intralot (INLr.AT), the world's second-largest lottery systems provider, said on Thursday it got shareholders' conditional approval to issue a bond of up to 150 million euros ($212.5 million).

Intralot said in a bourse filing that shareholders authorised its board to issue the convertible bond, with a duration of up to seven years, on the condition that credit market conditions would be favorable.

The firm, which runs betting games in more than a dozen countries around the world, is seeking new acquisition opportunities to benefit from the liberalisation of gaming markets.

Intralot stock trades at 9.7 times estimated 209 earnings, against a multiple of 23 times for Scientific Games (SGMS.O), data from Reuters Estimates showed. ($1=.7058 Euro) (Reporting by Angeliki Koutantou; Editing by Hans Peters)