m_and_a
confidence high
sentiment positive
materiality 0.75
Bally's discloses Intralot presentation: €2.7bn BII acquisition, pro forma FY24 PF RR Adj. EBITDA €419m, 39% margin
Bally's Corp
- Acquisition Enterprise Value of €2.7bn: €1.530bn cash + €1.136bn in Intralot shares.
- Pro forma FY24 run-rate adj. EBITDA of €419m at 39% margin and 95% operating FCF conversion.
- Mid-term net leverage target ~2.5x; dividend payout ratio 35% of net income.
- Completion expected Q4 2025, subject to regulatory approvals including UKGC pre-approval.
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