Skip to main content

Intralot move into Morocco

Greek lottery giant Intralot have signed a deal to operate lottery and sports betting in Morocco via two state-owned companies.

Intralot to run lotteries and sports betting in Morocco

Greece’s Intralot said Monday that following an international procurement process, it has signed a five-year contract to undertake the technical and commercial operation of the two state-owned Moroccan lotteries, Societe de Gestion de la Loterie Nationale and La Marocaine des Jeux et des Sports.

...

The Societe de Gestion de la Loterie Nationale operates national lottery games in Morocco with a core focus on draw and instant games, while La Marocaine des Jeux et des Sports holds the concession to organise sports betting games in the country. Last year gross sales reached approximately €50 million and €70 million respectively for the two lotteries.



That sounds like a very good deal for Intralot. Morocco has betting shops all over the country, mostly focused on French racing when I was there several years ago (beautiful country to visit if you haven't been there). Obviously football is part of the interest as well, as the world becomes more homogenised with western culture, then betting is expected to grow. Internet penetration should continue to grow steadily, so watch for online firms to try to make an impression there soon.

Comments

Popular posts from this blog

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur

Betdaq.... sold...... FOR HOW MUCH???

So as rumoured for a while, Ladbrokes have finally acquired the lemon, sorry, purple-coloured betting exchange, Betdaq. For a mind-boggling €30m as 'initial consideration'. That's an even more ridiculous price than Fernando Torres for £50m, or any English player Liverpool have purchased in recent seasons! As I've written previously there are no logical business reasons for this acquisition. from Nov 29, 2012 The Racing Post reported this week that Ladbrokes are nearing a decision to acquire Betdaq. This baffles me, it really does. Betdaq are a complete and utter lemon. Their only rival in the market has kicked so many own goals over the years with the premium charge, followed by an increase in the premium charge, cost of API and data use, customer service standards which have fallen faster than Facebook share value, site crashes and various other faults. So many pissed off Betfair customers, yet Betdaq are still tailed off with a lap to go. Around the world, Betfair

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...