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September 20, 2006

Intralot denies report of Lottomatica deal

Intralot SA, the Athens-based competitor of GTECH Holdings Corp. for lottery contracts worldwide, this morning denied reports it would be sold to Lottomatica, the Rome-based company that recently acquired GTECH.

The report in Imerisia, a newspaper published in Athens, swept through the overseas financial markets and boosted Intralot's stock price on the Athens Stock Exchange.

Intralot put out a statement that said, ``Intralot denies and characterizes as untrue'' the report concerning an acquisition by Lottomatica or GTECH.

``We have not been speaking to GTECH for any sale of Intralot,'' said Constantine Antonopoulos, chief executive officer of Intralot.

Lottomatica completed the acquisition of West Greenwich-based GTECH on Aug. 29 for $4.8 billion.

Posted by   at 7:38 AM | Permalink

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