Intralot to acquire international interactive business from Bally’s Corporation for €2.7bn.

Intralot, a Greek company that supplies integrated gambling, transaction processing systems, game content, sports betting management and interactive gambling services, agreed to acquire international interactive business from Bally’s Corporation, an American gambling, betting, and interactive entertainment company, for €2.7bn. “The transaction we announced today marks a doubly important day: On the one hand, for Intralot, which is growing with the acquisition of the online division of Bally’s International Interactive, creating a company with significant multiples in operating profits and unlimited space to expand into online gaming. On the other hand, for Greece and the Greek stock exchange, where a strong large-cap company is being created with the prospect of attracting significant foreign capital, helping to establish the country as a reliable investment destination," Sokratis Kokkalis, Intralot Founder and Chairman.