Intralot buys online poker software provider

Intralot buys online poker software provider

December 3, 2009.

The respected US-based online poker software developer Cyberarts, famed for its flexible Foundation platform, is now 35 percent owned by Greek lottery provider Intralot's interactive subsidiary I2, which has also cornered the right to increase its involvement to a majority holding.

I2 md Andreas Papoulias said this week that the move into Cyberarts not only expanded his company's online gaming capabilities, but could be useful positioning in the event of a liberalisation of both the European and US markets.

It is understood that Intralot coughed up some $12 million for the stake in Cyberarts.