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It is not a bad or good first half of the year for Intralot, a game technology company based in Greece. The company, which from 2023 has 1700 employees, published a stagnant income report, which only grew 1.7% year -on -year.
While the business has not grown, it is still a positive net period for intraralot. The company has begun to investigate the future, instead of only the present. As such, it plans to improve its results with the acquisition of Bally’s Interactive for 2,700 million euros ($ 2.8 billion).
The agreement is expected to close in the fourth quarter of 2025, which will be divided between a cash payment of € 1.53 billion and 873,707,073 shares with a price of € 1.30. This will make Bally the leading shareholder in the intraralot business.
Speaking in him reportPresident intraralot, Sokratis P. Kokkalis said:
“Intralot’s results for the first half of 2025 reflect stable financial performance in terms of revenue and operational profitability, strengthened cash flows and a significant reduction in debt and leverage.
“At the same time, Intralot has announced a fundamental strategic decision of acquiring the International Bally interactive, which will transform the company by improving its growth capabilities in the modern digital environment and substantially expanding its financial scale.”
Intralot expands its lottery offers
When looking to the future, the company has renegotiated its agreement with the Idaho lottery to extend its agreement for another decade. This will enter into force in two years, September 2027. It will also continue working with the Montana lottery for a “next -generation lottery operating system” and other services. This association has lasted almost 20 years, with the new contract that extends another seven years “with three extension options of one year.” In July, he was also selected to work in the Montana Lottery.
At the top of the year, Intralot received a fine of $ 6.5 million after it was discovered that it violates Washington’s contracting laws, DC. DC requires large contracts to involve smaller companies, keeping companies alive. However, Intralot associated with what was essentially a Shell company, which resulted in the fine.
The Intralot publication stagnates in a new income report, since it focuses on Bally’s acquisition, appeared first in Readwrite.
