Intralot to buy Bally's International Interactive unit in deal valued at 2.7 billion euros (updated)
01/07/2025 20:57
Adds details from release throughout, shares in paragraph 5 July 1 (Reuters) - Greek gaming firm Intralot INLr.AT said on Tuesday it would acquire Bally's BALY.N International Interactive business in a cash-and-stock deal, valuing the unit at 2.7 billion euros ($3.18 billion). The deal will expand Intralot's presence in the UK online gaming market and strengthen its technology offerings by incorporating Bally's digital and casino platforms. The deal, expected to close in the fourth quarter, includes 1.53 billion euros in cash and 1.14 billion euros in newly issued Intralot shares to Bally's shareholders. Following the deal, Intralot's founder Sokratis Kokkalis will retain a significant stake, and Bally's will become the majority shareholder. Shares of Bally's rose nearly 20% to $11.49, following the announcement. ($1 = 0.8485 euros) (Reporting by Arunima Kumar in Bengaluru, Additional reporting by Nathan Gomes; Editing by Mohammed Safi Shamsi) ((Nathan.Gomes@thomsonreuters.com;))