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Greek Intralot gets Madrid sports betting contract

Thu Apr 10, 2008 6:06am EDT

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ATHENS, April 10 (Reuters) - Greek lottery systems supplier Intralot (INLr.AT) said on Thursday it has been awarded a licence to manage sports-betting games in Madrid as part of its expansion plans.

The company did not provide financial details.

Intralot, which runs sports betting in 12 countries, has been expanding aggressively in recent years to take advantage of the liberalisation of world gaming markets.

"We are optimistic that further autonomous communities of Spain will be attracted by the benefits expected to arise in Madrid and will very soon open their sports betting territory," said Intralot CEO Constantinos Antonopoulos in a statement.

Intralot's Spanish subsidiary, Intralot Iberia, will develop a network consisting of more than 100 points of sale, enabling players to participate in a range of sports betting games.

Intralot shares were down 1.3 percent at 12.16 euros in midsession trade on the Athens bourse, slightly outperforming the general index, which was down about 1.5 percent. (Reporting by Stelios Bouras, editing by Will Waterman)



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