Business
Intralot S.A. to Acquire Bally’s International Interactive Business in a Transaction that Creates a Global Gaming Technology and Services Company in Lottery and Digital Online Gaming Markets
ATHENS, Greece & PROVIDENCE, R.I., July 01, 2025--Intralot S.A. (ATSE: INLOT) ("Intralot") and Bally’s Corporation (NYSE: BALY) ("Bally’s") today announced that their respective Boards of Directors approved their entry into a definitive transaction agreement ("Transaction Agreement") pursuant to which Intralot will acquire Bally’s International Interactive business (the "International Interactive Business") in a cash-and-shares transaction that values the International Interactive Business at an
About this update from Bally's Corporation
[{"type":"text","content":"Intralot S.A. to Remain Listed on the Athens Stock Exchange","length":59,"tagName":"p","attribs":{}},{"type":"text","content":"Transaction Enterprise Value of €2.7 Billion","length":44,"tagName":"p","attribs":{}},{"type":"text","content":"ATHENS, Greece & PROVIDENCE, R.I., July 01, 2025--(BUSINESS WIRE)--Intralot S.A. (ATSE: INLOT) ("Intralot") and Bally’s Corporation (NYSE: BALY) ("Bally’s") today announced that their respective Boards of Directors approved their entry into a definitive transaction agreement ("Transaction Agreement") pursuant to which Intralot will acquire Bally’s International Interactive business (the "International Interactive Business") in a cash-and-shares transaction that values the International Interactive Business at an enterprise value of €2.7 billion (the "Transaction"). The consideration for the acquisition of the International Interactive Business will comprise a combination of cash paid by Intralot and newly issued shares delivered by Intralot to Bally’s, as more specifically detailed below. As part of the Transaction, Intralot expects to refinance part of its existing debt facilities and Bally’s also expects to repay secured debt from the cash proceeds.","length":1015,"tagName":"p"},{"type":"text","content":"The Transaction consideration to Bally’s, after assumptions of certain liabilities by the involved parties, will (subject to certain agreed adjustments) be made up of:","length":167,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"€1.530bn cash consideration, and","length":32,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":32,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"€1.136bn of newly issued shares in new Intralot (873,707,073 shares, at an implied value of €1.30 per share).","length":109,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":109,"olType":false},{"type":"text","content":"In order to support the €1.530bn cash consideration to Bally’s and refinance part of its existing debt, Intralot has obtained commitments from Citizens Bank, Deutsche Bank, Goldman Sachs, and Jefferies for debt financing up to €1.6bn (which is expected to be refinanced through the debt capital markets and is subject to certain conditions precedent) and expect...