Intralot has finalized a €660 million financing package to push forward its acquisition of Bally’s International Interactive division, marking a pivotal step in one of the most notable deals of the year in gaming and lottery.
Financing Structure and Terms
The financing structure includes a €460 million senior secured term loan with a six-year maturity from institutional lenders. Complementing this, a consortium of Greek banks has pledged €200 million through a four-year amortizing loan. Together, the funds will underpin Intralot’s planned €2.70 billion acquisition of Bally’s International Interactive, which was first announced in July as a cash-and-stock transaction.
As part of the financial framework, Intralot has also struck an agreement with bondholders, ensuring its €130 million retail bond remains outstanding once the acquisition is complete. This arrangement provides stability during the transition period while enabling the company to move ahead with refinancing steps tied to the deal.
Strategic Impact on the Market
The transaction is expected to be transformative for both sides. Intralot anticipates that the integration will boost its market position and create a combined revenue base of €1.1 billion. The structure of the reverse merger means that Bally’s will emerge as the majority shareholder of Intralot once the deal is finalized.
Industry observers see this as a significant milestone for Intralot, which aims to expand its footprint in both iGaming and lottery markets. The acquisition not only enhances scale but also brings together two established operators under one umbrella, creating a stronger competitive force in an evolving sector.
With financing secured and conditions set, the spotlight now turns to the completion of the acquisition and the next phase of growth for both companies.
