Intralot secures €660m in financing to aid Bally’s International Interactive acquisition
The financing makes up a significant portion of the expected €2.7bn total acquisition cost.
Key points:
– Intralot has secured €660m in long-term financial aid from two separate loan agreements
– The money will go towards its acquisition of a major stakeholder position in Bally’s International Interactive
Intralot has secured €660m ($776m) long-term loans to aid it in its acquisition of Bally’s International Interactive.
The financing was conducted via a wholly owned subsidiary, with the contract outlining a six-year senior secured term loan agreement with various institutional lenders for the sum of €460m. The remaining €200m was acquired via a four-year amortisation term loan from a collective of Greek banks, under the name New Term Financing, though this deal is subject to certain conditions.
Intralot has also confirmed with the holders of its €130m retail bond that the bond may remain outstanding after the acquisition.
The acquisition, first announced in July, is expected to total €2.7bn, with Intralot to become the majority shareholder in the business. Shortly following the announcement, Gambling Insider spoke with the CEO of Bally’s Corporation and Bally’s Intralot, Robeson Reeves, who explained the thinking behind the acquisition.
He said: “I find the combination of Intralot and Bally’s International Interactive just a perfect combo, because you’ve got iGaming and lottery. No one else has that in the world… we’ve already looked at our technology stacks independently through normal dialogues, just understanding how they could fit together. They’re very complementary.”
The financing announcement also comes swiftly following Intralot’s H1 2025 financial results. Year-on-year, Intralot reported minor growth, with revenue up 1.7% to €168m, while EBITDA grew at a similar pace, up 1.2% to €60.2m. Overall, net debt reduced from €338.2m to €303m year-on-year.
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