Intralot Acquires Stake in bit8

Intralot announced the acquisition of a 35 percent stake in digital gambling platform provider bit8. In a recent statement, Intralot said the move will bolster its digital sportsbetting and gaming services and the company has the option to increase its share to 60 percent within two years. bit8 systems will be integrated into Inralot's e-gaming vertical inventories including improved customer relations, account management and data processing. Angelo Dali, chief executive of bit8, said that the deal extends his company's reach within the market and allows for continued development of digital solutions.