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Greek Intralot revenues +17%, earnings -27%, Yogonet

Greek Intralot revenues +17%, earnings -27%, Yogonet | Poker & eGaming News | Scoop.it

Intralot announced its financial results for the six month period ending June 30th 2012, prepared in accordance with IFRS. Consolidated Revenues posted an increase of 17.2% reaching 687.3 million euros in 1H12 compared to 586.4 million euros in 1H11.


EBITDA in 1H12 increased by 12.2% to 81.4 million euros, compared to 72.6 million euros in the same period in 2011.

 

EAT (after minorities) in 1H12 were decreased by 26.8% reaching 5.5 million euros. Compared to 1Q 2012, Net Debt reached 388 million euros, posting an increase by 26.1 million euros in 1H 2012 due to a capex of 39.4m in Q2 2012 mainly due to the payment for the renewal of the gaming license in Malta.

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Illinois Governor vetoes Gambling bill that could create 90 000 jobs, Innovate Gaming

Claiming the bill did not have enough oversight to prevent organised crime involvement, Quinn said yesterday, “We’re not going to have loopholes for mobster in Illinois. The bill that was on my desk was woefully deficient when it came to protecting integrity and honesty and regulation of gambling in our state.”

 

The bill [SB1849], which was approved by Legislature earlier this year, included a city-owned Chicago casino that could have facilitated 4,000 gamblers at once. It would have added riverboat casinos in Rockford, Danville and in two suburbs. It also included an expansion of slot machines including at horseracing tracks.

 

Chicago Mayor Rahm Emanuel was also disgruntled by the governor’s decision, saying that Chicago loses $20 million a month and jobs to casinos in neighbouring Indiana. Supporters claim the bill could have brought in as much as $1 billion annually, boosted tourism and created up to 100,000 jobs in Illinois.

 

Other sources:

http://www.gamblingcompliance.com/node/49872

http://www.gambling911.com/gambling-news/illinois-governor-quinn-points-%E2%80%98mob%E2%80%99-reason-gambling-expansion-veto-082912.html

http://www.vegasinc.com/news/2012/aug/29/governor-rejects-plan-expand-illinois-gambling/

http://www.gaming-awards.com/NEWS/governor-quinn-vetos-illinois-gambling-expansion-bill/

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