The Chinese gambling market will soon see a new player in the form of the Greek lottery company, Intralot. The company, which already holds strategic key points in Asian market, has bought over 20% of the shares in the Hong Kong listed Melco LottVentures (MLV) and intends to bring its innovative products and software to Chinese gamblers. Intralot has said that it will seek to expand its stake in MLV over time.
The CEO for Intralot, Constantinos Antonopolous, said: "This significant acquisition and strategic cooperation further strengthens our considerable position in Asia where we have presence in five Asia-Pacific companies. We are confident that through this partnership, we will be successful in the highly promising Chinese market, one of our primary strategic goals in Asia-Pacific. By pooling the experience, reputation and expertise of our new distinguished partners and utilizing the existing business relationships that MLV has established with the two official lotteries of China, Intralot will be able to bring world class products and services into the lucrative Chinese gaming industry."