Bally's sells International Interactive business to Intralot for €2.7B enterprise value

Bally's Corp

Enterprise value €2.7B; consideration: €1.530B cash + €1.136B in new Intralot shares (873.7M shares at €1.30/share).
Bally's to become majority shareholder of Intralot; transaction expected to close Q4 2025, subject to approvals.
Bally's secured $500M secured debt facility for debt repayment and $100M delayed draw facility for corporate purposes including Bally's Chicago.
Bally's ownership in Intralot increased to 33.34%, triggering a mandatory tender offer for remaining Intralot shares.
Post-close, Robeson Reeves (Bally's CEO) expected to become Intralot CEO; Nikolaos Nikolakopoulos to serve as President/CEO of Lotteries division.

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