Intralot Obtains €660m Funding for Bally’s International Interactive Takeover : PMPMedia.io

By Arijit Roul - 23 Sep, 2025 More about the author

The €660m financing represents a large share of the projected €2.7bn overall acquisition expense.

Key Points

Intralot arranged €660m in long-term funding through two separate loan structures.
The funds are designated for the purchase of a majority stake in Bally’s International Interactive.

Intralot secured €660m ($776m) long-term funding to support its takeover of Bally’s International Interactive. The arrangement was managed through a wholly owned subsidiary, with €460m issued as a six-year senior secured term loan by institutional lenders. A further €200m was arranged as a four-year amortisation loan from Greek banks under the New Term Financing, though subject to conditions.

Intralot Bondholders Allowed to Retain €130m Retail Bond Post-Acquisition

Intralot confirmed that holders of its €130m retail bond may leave the bond outstanding following the acquisition. The deal, first revealed in July, is estimated at €2.7bn, positioning Intralot as majority shareholder. After the announcement, Gambling Insider interviewed Bally’s Corporation and Bally’s Intralot CEO Robeson Reeves regarding the reasoning.

He explained, “I view Intralot and Bally’s International Interactive as a strong combination because it joins iGaming and lottery. No other firm has that worldwide. We already studied our technology systems separately through dialogues, learning how they could integrate. They align closely.” The funding update followed Intralot’s H1 2025 results. Revenue increased 1.7% year-on-year to €168m, while EBITDA grew 1.2% to €60.2m. Net debt decreased from €338.2m to €303m.