공시 • Oct 09
Intralot S.A. Integrated Lottery Systems and Services (ATSE:INLOT) completed the acquisition of International Interactive business of Bally’s Corporation.
Intralot S.A. Integrated Lottery Systems and Services (ATSE:INLOT) agreed to acquire International Interactive business of Bally’s Corporation for €2.5 billion on July 1, 2025. A cash consideration of €1.53 billion will be paid by Intralot S.A. Integrated Lottery Systems and Services. As part of consideration, €1.53 billion is paid towards common equity of International Interactive business of Bally’s Corporation. The transaction will be financed through equity investment of €400 million and senior debt of €1.6 billion. As of July 18, 2025 Intralot S.A. Integrated Lottery Systems and Services entered into Transaction Agreement to acquire International Interactive business of Bally’s Corporation. from Bally's Corporation.
Following the completion of the Transaction, the Intralot management team is expected to be enhanced with Robeson Reeves (Bally’s Chief Executive Officer and a member of its board), who is expected to also become Intralot’s Chief Executive Officer. Nikolaos Nikolakopoulos (Intralot’s current Group Chief Executive Officer and a current member of its board) is expected to serve as President and Chief Executive Officer of the Lotteries division of Intralot, and Chrysostomos Sfatos (Intralot’s current Group Deputy Chief Executive Officer and a current member of its board), expected to serve as Intralot’s Chief Financial Officer.
The Closing, which is expected to occur in the fourth quarter of 2025, is subject to the satisfaction or waiver of certain mutual closing conditions, including (i) the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the receipt of clearance under applicable non-U.S. antitrust law, (ii) the receipt of certain gaming regulatory clearances, (iii) the receipt of Intralot shareholder approval, (iv) the closing of an intended offering by Intralot of newly-issued Intralot Shares for cash, (v) the listing on the Athens Exchange of the Intralot Shares to be received by the Company in the Transactions, and (vi) Intralot’s receipt of debt financing. Transaction has already been approved by board. Intralot S.A. Board of Directors granted permission for the conclusion of the Agreement by a majority of nine (9) votes out of a total of eleven (11). As part of the Transaction, Intralot expects to refinance part of its existing debt facilities and Bally’s also expects to repay secured debt from the cash proceeds. The transaction is accretive to growth, earnings and cash flow. As of August 22, 2025, Gambling Commission of Great Britain approved the transaction on August 14, 2025. As of September 19, 2025, Intralot signed £400 million ((€460 million) six-year senior secured term loan agreement with institutional lenders and has secured €200 million in binding financing commitments. Intralot intends to use the proceeds of the New Term Financing, as part of its permanent capital structure, to finance in part the Acquisition and repay certain existing indebtedness.
Deutsche Bank Aktiengesellschaft acted as financial advisor for Intralot S.A. Integrated Lottery Systems and Services. Matthew H. Ahrens,Bijan Ganji,Manan Shah,Fiona A. Schaeffer,Andrea L. Hamilton,Andrew R. Walker,Max A. Goodman,Alan Rafferty,Iliana Ongun,Rebecca Marques,Ana Grbec and Apostolos Gkoutzinis of Milbank LLP acted as legal advisor for Intralot S.A. Integrated Lottery Systems and Services. Nicholas Papapolitis and Nikolas Katsaros of Papapolitis & Papapolitis acted as legal advisor for Intralot S.A. Integrated Lottery Systems and Services. Citizens JMP Securities, LLC acted as financial advisor for Bally's Corporation. Goldman Sachs Bank Europe SE acted as financial advisor for Bally's Corporation. Jefferies International Limited acted as financial advisor for Bally's Corporation. Aseet Dalvi, Philip Richter and Ezra Schneck of Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor for Bally's Corporation. Nixon Peabody LLP acted as legal advisor for Bally's Corporation. Konstantinos Vouterakos,Theodore Rakintzis, Apostolos Georgantasl, Meletios (Alkis) Andrianos of Kyriakides Georgopoulos & Daniolos Issaias Law Firm acted as legal advisor for Bally's Corporation. M. Ryan Benedict, Jonathan Brownson and Jeffrey H. Lawlis of Latham and Watkins LLP and Karatzas and Partners Law Firm are serving as legal counsel to certain of the financial advisors in connection with the Transaction.
Intralot S.A. Integrated Lottery Systems and Services (ATSE:INLOT) completed the acquisition of International Interactive business of Bally’s Corporation on October 9, 2025.