Intralot has successfully secured €660m ($775m) in long-term financing to support its planned acquisition of Bally's International Interactive, representing approximately 25% of the deal's total €2.7bn cost.
The financing package comprises two separate loan agreements arranged through a wholly-owned subsidiary.
The larger component consists of a six-year senior secured term loan totaling €460m from various institutional lenders.
An additional €200m was secured through a four-year amortisation term loan from a consortium of Greek banks, operating under the New Term Financing arrangement, though this portion remains subject to certain unspecified conditions.
The company has also reached an agreement with holders of its existing €130m retail bond, confirming the bond may remain outstanding following completion of the acquisition.
This financing announcement follows Intralot's H1 2025 financial results, which showed modest growth with revenue increasing 1.7% year-on-year to €168m and EBITDA rising 1.2% to €60.2m. The company's net debt position improved from €338.2m to €303m over the same period.
The Bally's International Interactive acquisition, first announced in July 2025, will see Intralot become the majority shareholder in a transaction combining lottery technology with iGaming operations.
Bally's CEO Robeson Reeves previously described the merger as creating a unique combination of iGaming and lottery capabilities, noting the complementary nature of both companies' technology platforms.
The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals and shareholder consent.
Upon completion, the combined entity is projected to become one of the largest companies by market capitalisation on the Athens Stock Exchange.
Intralot and Bally's announced their mega merger in July, with Bally's following that news up by securing a shirt sponsorship with Nottingham Forest Football Club
