Intralot has officially announced that it will acquire Bally's international interactive business for a total value of 2.7 billion euros (approximately 3.1 billion US dollars) in cash and stock. The transaction has been approved by the boards of directors of both parties and is expected to be completed in the fourth quarter of 2025, subject to regulatory and shareholder review.
According to the agreement, Bally will receive 1.53 billion euros in cash and 1.136 billion euros worth of new Intralot shares, thus becoming Intralot's largest shareholder with a 33.34% stake. After the transaction is completed, the two companies will integrate resources to build a global platform spanning the lottery and iGaming sectors.
Intralot has obtained a 1.6 billion euro debt commitment from institutions such as Deutsche Bank and Goldman Sachs for financing, and plans to increase capital by 400 million euros. In the first quarter of 2025, Intralot's revenue reached 94.4 million euros, an increase of 10.9% year-on-year, mainly due to the renewal of contracts in New Zealand and New Hampshire.
After the acquisition, Intralot will continue to be listed on the Athens Stock Exchange, and the merged company's market value will be among the top. The two sides will integrate Bally's Vitruvian data platform with Intralot's LotosX and PlayerX systems, enhancing B2B and B2C service capabilities.
Bally's CEO Robeson Reeves will lead the merged company, while the current Intralot CEO Nikolaos Nikolakopoulos will be responsible for the lottery business. Intralot founder Sokratis Kokkalis and Bally chairman Soohyung Kim will also serve as members of the new board of directors, which will expand to 11 members.
Bally has also obtained an additional 600 million US dollars in financing for refinancing and advancing development plans such as the Chicago project. This acquisition will reshape the global gaming industry landscape.
