Intralot Interactive Makes an Agreement with CyberArts

Published Friday, December 04, 2009 - Online-Casinos.com

Greece's Intralot is a major employer in the online gaming industry. They have recently announced the purchase of 35% of CyberArts, the interactive gaming platform provider from the USA. This investment will continue to help expand the product range of Intralot Interactive (I2). This newest subsidiary business has been developed to solidify its position in the regulated gambling industry. In a statement from Intralot the firm said that the strategic stake in CyberArts would be a positive step towards expanding the online gaming capabilities of Intralot, particularly in light of looming regulations in Europe and North American. Under the strategic partnership, Intralot will have the option to increase it's holdings in CyberArts to 51%.

General Director of I2 George Zenzefilis, said, "This strategic partnership increases I2’s momentum towards shaping the future of interactive gaming and meeting the needs of interactive gaming operators in all regulated markets worldwide," he added,"CyberArts proved tangible value can be delivered to operators through their best practices and combination of innovative technology and customer-centric approach. We eagerly anticipate working together with the CyberArts Management team and materializing this evidently very fitting partnership into global success."

CyberArts also provides an online poker platform for French lottery operator Française des Jeux. Italy's Gioco Digitale, the first operator to enter the Italian poker sector is also carried by the CyberArts Platform.

The Chairman of CyberArts, Ken Arnold, said, "The new partnership with Intralot caps an exciting year for CyberArts. I2 is paving the way for the future of online gaming and we share the same vision as to what that is and how it will be achieved." He concluded by saying, "CyberArts Foundation is the leading enterprise-grade, multi-player gaming software platform available in today’s marketplace, and through Intralot’s proven technology infrastructure, products and services, will offer new choices and further increase the value to our customers."

 

 

 

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