Intralot acquires Bally's International Interactive business
- Nikolaos Tsolakis
- Jul 20, 2025
- 1 min read
On July 1st, Intralot, the Greek-listed lottery and gaming company, announced the acquisition of Bally's International Interactive, an operational segment of Bally's Corporation, for a consideration of €2.7bn, consisting of both cash and shares of the buyer.
For the financing of the transaction, a syndicate of 4 banks provided Intralot with a €1.6bn loan with an additional €400m to be raised through a share capital increase.
The transaction is set to create a global lottery and gaming vertically integrated powerhouse, with significant presence in the Americas and Europe.
Below is a file that provides a detailed overview of the transaction structure and the key parties involved. Given the complexity of the deal and the numerous stakeholders, we placed particular emphasis on delivering qualitative insights.
Key Transaction Numbers (based on Bally's International Interactive financials):
Total Consideration: €2,700m
EV/Revenue: 3.51x
EV/EBITDAR: 9.91x
Comments