Gambling company Intralot has completed its €2.7bn (~£2.3bn) acquisition of Bally’s International Interactive business from Bally’s Corporation.
The deal was completed at the same time that new Intralot shares were formally listed on the Athens Stock Exchange, signifying the diversification of Intralot’s business.
The transaction comes after a successful Combined Offering of new shares to Greek and international investors, which was planned as a step in the acquisition process.
Sokratis Kokkalis, the chairman of Intralot, rang the opening bell at the Athens Stock Exchange to commemorate the company’s 26-year history in the Greek capital market. With 1,697 employees worldwide, Intralot reported €168m (~£146m) in revenue and €60m (~£52m) in EBITDA for the first half of 2025.
Strategic Impact, Financial Growth, and Market Confidence
Due in large part to growth prospects in the online gaming channel, the acquisition positions Intralot as a gaming group with yearly revenues anticipated to reach roughly €1.1b (~£956m).
Intralot has raised €880m (~£765m) through share and bond issuances during its time on the Athens Stock Exchange. This most recent expansion was made possible by recent capital increases and bond loans.
Investor participation and effective transaction execution have further strengthened Intralot’s position, as highlighted during the official listing ceremony.
The Vice Chair of the Hellenic Capital Market Commission, Natasa Stamou, commented on the deal: “Intralot not only reaffirms its confidence in the Greek market, but also demonstrates that Greek companies with strong business value can reach out to major international investors and succeed.
“It stands as an example of effective corporate governance, the creation of synergies, the utilisation of technology, and the enhancement of liquidity — all driven by clear objectives and measurable results. It is proof that the true, substantial upgrade of our market is already underway. The Hellenic Capital Market Commission, with a modern supervisory approach, continues to monitor and remain close to companies that are evolving.”
The gaming industry’s ongoing trend of consolidation and digital expansion is reflected in Intralot’s ability to take advantage of cross-market synergies and scale following the completion of the Bally’s International Interactive acquisition.
This transaction is viewed by regulatory agencies and industry participants as evidence of the efficiency and dynamic development occurring in Greece’s gaming and financial sectors.
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