Intralot dismisses speculation over Max Gaming takeover
After recent press speculation, gambling and lottery technology provider Intralot has denied its plans to acquire a company in Australia.
The Australian suggested that Intralot had bid for slot integrity and casino technical service and maintenance provider Max Gaming. Tabcorp, one of the largest gambling product providers in Australia, operates the company, which is estimated to be worth AU$610 million (US$396 million)1 AUD = 0.6496 USD
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The Intralot press release said, “INTRALOT clarifies that no binding agreement of this kind exists. Currently INTRALOT is not conducting any negotiations relating to any acquisition in Australia.”
In April, the company issued a similar notice clarifying that it is not involved in a cross-border merger.
Intralot operates lottery services and other gambling worldwide, including in the US. The company recently announced an extension of its contract with the New Hampshire Lottery to provide the state’s lottery services until 2033.
The company is best known in the US for its role in GambetDC, the former exclusive provider of district-wide online sports betting in Washington, D.C. The company recently settled a lawsuit with the Washington, D.C., Council and paid $5 million for defrauding the council over the lottery and sports betting services it provided. Intralot denied wrongdoing.
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