Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Valuation & Research Specialists
$10.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Intralot Integrated Lottery Systems and Services SA Announces Clarifications Regarding its Litigation with Illinois Department of Revenue


Friday, 13 Sep 2013 02:50am EDT 

Intralot Integrated Lottery Systems and Services SA announced that, following clarifications requested by the Hellenic Capital Market Commission regarding the Company‚Äôs announcement on September 11, 2013 related to the litigation of the Company's subsidiary in the United States, INTRALOT Inc., against the Department of Revenue of the State of Illinois concerning the privatization process of the State Lottery held in 2010, the Company clarifies the following: The Department of Revenue of the State of Illinois clarifies and confirms in its letter that the non advancement of the Company's subsidiary to the second phase of the tender process was not related to the reputation and integrity of the company. The purpose of the litigation initiated by the Company's subsidiary was not the restitution of a financial loss, given that the company participated in the relevant tender pursuing a new contract in the State of Illinois and not for the renewal of an existing project. 

Company Quote