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Intralot Buys Italian William Hill Codere

Greek lottery system supplier Intralot bought Italian group William Hill Codere (WHCI) as part of plans to strengthen its position in the Italian market, it said in a statement on Wednesday.

Intralot will pay 5.5 million euros ($8.68 million) for WHCI, adding a further 55 outlets for horse-racing and sports betting in Italy and expanding in the north of the country, it said in a statement.

William Hill Plc and Grupo Codere established the WHCI joint venture in 2006.

Intralot’s Italian unit already has 416 exclusive point-of-sale licences and a further 164 non-exclusive licences to operate in the country, and is one of the top three gaming companies in Italy, it said.

Intralot, the world’s second-largest lottery systems provider, is present in 45 countries and also runs sports betting in 12 countries.
(Source: Reuters)

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