Intralot SA, the Athens-based lottery and gaming supplier, has officially opened a combined offering of new ordinary voting shares as a key part of its previously announced share capital increase.
This move is a critical step in financing the company’s landmark €2.7 billion acquisition of Bally’s International Interactive, a deal that is set to transform its position in the global iGaming market.
The offering process, which began on October 2, 2025, involves shares with a nominal value of €0.30 each, and the offering price has been capped at €1.27 per share. Intralot SA expects to issue between 350 million and 450 million new shares.
The distribution is structured as a dual offering, with a public offer for retail and qualified investors in Greece and a concurrent international private placement for institutional and eligible investors.
Existing shareholders who choose to participate will be given priority allocation.
To manage this significant financial undertaking, Intralot has appointed a syndicate of top-tier global financial institutions.
Deutsche Bank, Goldman Sachs, and Jefferies will act as Joint Global Coordinators, with Barclays serving as a Senior Bookrunner. Several Greek banks, including Alpha Bank and Piraeus Bank, will act as co-managers.
This capital increase follows Intralot’s recent success in securing €660 million in long-term financing to support the acquisition.
The company’s financial health has shown gradual improvement in 2025, with H1 revenue rising to €168 million and net debt decreasing.
Once the acquisition is complete, Intralot is expected to become the majority shareholder in Bally’s International Interactive, creating what Bally’s CEO has described as a “perfect combo” of iGaming and lottery services.
Robeson Reeves, CEO of Bally’s Corporation:
In a previous statement, Reeves described the acquisition as “a perfect combo” of iGaming and lottery services.
