Intralot has confirmed the line-up of its Board of Directors following the completion of its Bally's M&A deal. This includes the confirmation of Robeson Reeves as CEO and a member of the Board of Directors.
Reeves, the CEO of Bally's, was confirmed to remain as a central part of the operation following the acquisition confirmation last month. Indeed, in the role of CEO and as a Member of the Board of Directors in the newly formed Bally's Intralot, Reeves will continue leading the business.
The acquisition was valued at €2.7bn ($3.12bn).
At the time, Reeves said: "This is a milestone transaction for Bally's. We have unlocked significant liquidity in a key asset while establishing an even stronger platform for digital growth."
On the Board, Reeves takes over from resigning member Konstantinos Farris. A total of 11 people now make up the Board of Directors, including but not limited to; Sokratis Kokkalis, Chairman of the Board of Directors, non-executive member; Soohyung Kim, Vice Chairman of the Board of Directors, non-executive member; Robeson Reeves, Chief Executive Officer, executive member; Nikolaos Nikolakopoulos, executive member; Chrysostomos Sfatos, executive member; Dimitrios Theodoridis, non-executive member; and Vladimira-Donkova Mircheva, non-executive member.
Nikolakopoulos, the former Group CEO of Intralot, will also hold the role of President in the newly merged business. Sfatos will also take on a C-level role as COO.
News of the acquisition first came to light in July of this year, with Reeves speaking exclusively to Global Gaming Insider at the time, stating that "no one else" has its combination of iGaming and lottery business.
The acquisition also comes shortly after Bally's provided an AU$300m (US$194m) investment into the struggling Star Entertainment, giving it a notable percentage of shares in the company
