Bit8 to double in size following Intralot deal

Bit8 chief executive Angelo Dalli expects the supplier to double in size over the next 18 months as it ramps-up operations in support of its strategic alliance with international lottery firm Intralot.

The deal, which was announced at the ICE Totally Gaming exhibition earlier this month, will see Intralot gradually integrate Bit8’s platform across all of its operations and Dalli said the supplier would have to bolster its current headcount of 40 if it is to cope with the demand.

Dalli said the deal would have a “huge effect” on the day-to-day running of the business and described it as having taken Bit8 “to the next level” with Intralot spread across more than 50 countries.

“We had been talking for quite a few months and felt there was a good fit in that we have a lot of innovative technology, and naturally having someone with a global reach like Intralot can help us push our solutions worldwide,” Dalli added.

As well as consolidating its position in Europe, the deal will hand Bit8 entry into both the North and Latin American markets, regions Dalli said the supplier would’ve otherwise found difficult to enter.

The chief exec also said the supplier’s enlarged scale could attract further tier one operators to its offering having also started to offer its services on both hosted services and white-label bases.

Intralot has paid around €30m for a stake in excess of 25% in the Malta-based supplier and has retained the option to increase that stake based on Bit8 achieving certain performance and financial-related targets.