Intralot’s Sokratis Kokkalis Returns as CEO: A Significant Move for the Company

Last updated: November 16, 2020 9:47 am

1 Min Read

Kokkalis has replaced Christos Dimitriadis as chairman of the company’s board of directors. Dimitriadis will now oversee the supplier’s growth in the US market. Kokkalis previously took over as chief executive in March 2019.

Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020. The B2B and B2C sides of the business faced difficulties in Turkey and Bulgaria. Revenue fell to €168.2m for the six months to June 30, with licensed operations division experiencing a 74.9% decline to €57.7m.

The company also faced challenges due to the suspension of its Bulgaria-facing brand Eurofootball and the loss of its Turkish sports betting contract in 2019.

Share This Article

By Karol Petersen

Karol Petersen is a distinguished writer with a fervent interest in the realms of gambling and online gaming. With a career spanning over a decade, Karol has developed a comprehensive understanding of the gambling industry, including casinos, sports betting, poker, and the burgeoning online gaming sector. Known for his meticulous research and engaging writing style, Karol provides readers with in-depth reviews, insightful strategies, and up-to-date industry trends. His work demystifies complex topics, making them accessible and enjoyable for both beginners and seasoned gamblers. Karol's articles are trusted resources, offering practical advice and expert analysis that empower readers to make informed decisions and enhance their gaming experience.