Another gambling company is hoping that legislation will change in the United States in the near future and is gearing itself up for that time. Intralot, clearly the largest gambling provider in Greece, and known as the second largest gambling systems operator in the world, has purchased a 35% stake in US gaming provider, CyberArts.

The purchase comes with the objective to boost Intralot’s online offerings, with the option of taking hold of up to 51% of CyberArts in the future. While based in the United States, CyberArts at present only offers its services to players in Europe such as Italy and France, so as not to go against the Unlawful Internet Gambling Enforcement Act (UIGEA) that was passed in 2006.

Intralot is no stranger to expansion and international business. The group reported an annual revenue of over $1 billion and provides products and services to lotteries and betting operations in over 50 countries around the world. However, Intralot knows that once changes come to the US market, this will be one of the most lucrative industries around and it is worth investing when competition is still not too stiff.

Intralot already has a foot in the door as the Athens trading group provides services to the Arkansas state lottery, and is negotiating with other states to offer them gambling services as well.