Intralot has reached a significant milestone in its strategic growth plans by securing €660 million in long-term financing to support its acquisition of Bally’s International Interactive. The funding package includes a €460 million six-year senior secured term loan from institutional lenders, alongside €200 million in amortising term loans from a Greek bank consortium. These funds will enable the completion of the €2.7 billion cash-and-stock acquisition, a transformative deal for both companies.
Upon completion, Bally’s will become the majority shareholder of Intralot, creating a combined iGaming and lottery operator with projected annual revenues of €1.1 billion. The transaction represents a reverse-style merger, with Bally’s CEO Robeson Reeves taking over as Intralot’s CEO, while the current CEO Nikolaos Nikolakopoulos will focus on leading lottery operations. Both Intralot chairman Sokratis Kokkalis and Bally’s chairman Soohyung Kim will remain on the board, ensuring continuity of governance.
The acquisition positions the new entity for expansion in key markets, particularly the UK, where Bally’s strong B2C player base and retention strategies will drive growth. Additionally, Bally’s benefits from improved cash reserves, supporting its ongoing land-based casino developments in the US and Australia. The deal also allows Intralot to integrate its lottery expertise with Bally’s iGaming operations, creating a platform capable of innovating across the entire gaming spectrum.
The transaction is expected to close before the end of 2025, subject to customary conditions related to financing and acquisition approvals. Analysts expect the combined entity to set a benchmark for future iGaming and lottery collaborations, offering players a seamless, technology-driven experience while delivering substantial operational and financial synergies.
